Company Number: 13271382

Analysis Date: 2025-07-29 16:59 UTC

1. Credit Opinion: DECLINE
   Battery Apps Ltd shows a marked deterioration in financial position over the last year. Net assets have dropped sharply from £33,436 to £10,549, and current assets declined drastically from £54,014 to £8,308. This indicates a significant liquidity and working capital contraction. The company operates in a micro account category with minimal employee base (zero employees), suggesting limited operational scale. There is no indication of audit or external verification, and the latest accounts show no profit and loss data, raising concerns about profitability and cash flow sustainability. Given the steep decline in financial resources within one year and lack of operational scale, the company presents elevated credit risk and is unable to comfortably service new or increased debt facilities at this time.

2. Financial Strength:
   The balance sheet shows fixed assets at a minimal level (£2,241) and a large drop in current assets, primarily cash, from £53,442 in the prior year to a much smaller figure embedded within £8,308 total current assets. Current liabilities remain unspecified in 2024 accounts but were £23,160 previously, indicating potential pressure on liquidity if liabilities remain at similar levels. Shareholders’ funds have declined substantially, pointing to losses or capital withdrawals. The company maintains positive net assets but at a significantly reduced level, which undermines its cushion against financial stress.

3. Cash Flow Assessment:
   While exact cash flow statements are not provided, the sharp decrease in current assets and net current assets strongly suggests cash outflows have exceeded inflows during the 2023-2024 period. The absence of employees and minimal financial data make it difficult to assess operational cash generation. The large erosion in working capital could imply difficulties in meeting short-term obligations promptly, increasing reliance on external finance or capital injections which have not been apparent.

4. Monitoring Points:

• Monitor upcoming filings for profit and loss data to assess operational performance and cash generation.
• Watch liquidity ratios and current liabilities levels to detect any tightening of working capital.
• Review director activity and any changes in ownership or capital structure for signs of financial restructuring or support.
• Keep track of any overdue payments or supplier disputes that may not yet be disclosed.
• Assess any changes in business scale or employee count that could impact operational capacity.