SANJEEV 1979 LIMITED

• ⚠

  Material uncertainty over going concern

  The company has incurred a loss before tax for the year of £1,374,810 and, at the reporting date, had net current liabilities of £76,956. These conditions indicate that a material uncertainty exists that may cast doubt on the company's ability to continue as a going concern.

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Mitchell Charlesworth (Audit) Limited

Audit opinion

Unqualified (clean)

Going concern

Material uncertainty disclosed

“The company has incurred a loss before tax for the year of £1,374,810 and, at the reporting date, had net current liabilities of £76,956. These conditions indicate that a material uncertainty exists that may cast doubt on the company's ability to continue as a going concern.”

Significant events

• “1. Implementing a new ERP system to integrate with the existing financial package to automate and streamline all existing processes within the business. Phase 1 has already been implemented, phase 2 is in the process of being implemented. 2. Promoting own branded products to major retailers across the world. 3. The company is continuing to explore new territories across the world to enhance the image of its branded garments and to obtain a higher global market share. 4. The focus is also on developing and improving the digital channels of the revenue from both B2B and B2C.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

2

last 12 months

Capital events

0

last 24 months

Officers appointed

0

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  -11.1%

  £10,664,537 → £9,485,340

  lowest in 3 filed years

• Cash

  -98%

  £158,458 → £3,104

  lowest in 3 filed years

• Net assets

  -60.4%

  £2,412,878 → £956,554

  lowest in 3 filed years

• Employees

  -10.1%

  69 → 62

  lowest in 3 filed years

• Operating profit

  -86.4%

  -£686,985 → -£1,280,544

  lowest in 3 filed years

• Profit before tax

  -367.7%

  -£293,982 → -£1,374,810

  lowest in 3 filed years

• Wages

  -2.2%

  £2,080,539 → £2,034,955

  lowest in 3 filed years

Each % is (latest − prior) ÷ |prior| for the line item as filed. Periods don't have to be exactly 12 months apart — a long or short period (typical around incorporation or year-end changes) will distort the comparison. Lines a company doesn't report are omitted. About these numbers