Company Number: 13352846

Analysis Date: 2025-07-20 15:49 UTC

1. Credit Opinion: DECLINE
   GO DARTS LTD’s latest financial statements reveal a net liability position with negative net current assets of £1,977 and negative shareholders’ funds at the year ending 31 March 2025. The company has deteriorated from a small positive net assets position in prior years to a negative equity base currently, indicating financial distress. Without evidence of profitability or cash generation, and with no employees recorded, the company’s ability to service any debt or meet commercial obligations appears very limited. The absence of positive working capital and recurring income sources signals high risk for lending or extending credit facilities.

2. Financial Strength: Weak
   The balance sheet shows current assets of only £10,980 against current liabilities of £12,957, resulting in a negative working capital. Share capital is minimal (£100), and net assets have declined from £4,073 in 2024 to a deficit of £1,977 in 2025. The company classifies as a micro-entity with minimal asset base and no fixed assets disclosed. This financial weakness suggests limited buffer to absorb shocks or downturns.

3. Cash Flow Assessment: Insufficient Liquidity
   Current liabilities exceed current assets, indicating a potential cash flow squeeze. No employees are recorded, which may reduce overheads, but it also hints at limited operational activity. The lack of disclosed cash or equivalents and minimal accruals/prepayments further suggest constrained liquidity. The company’s filing and payment obligations could strain available resources without external support or capital injection.

4. Monitoring Points:

• Watch for any capital injections or equity increases to improve net asset position.
• Monitor trade creditor and debtor balances closely for signs of payment delays or disputes.
• Observe any changes in director appointments or presence of new PSCs that could affect governance.
• Track future financial filings for improvements in profitability, liquidity, or asset base.
• Assess any operational developments that could generate sustainable cash flow.