Company Number: 13549485

Analysis Date: 2025-07-20 16:39 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   N.A.S SUPER STORE LTD demonstrates improving net assets and working capital over the last two years, indicating some financial progress. However, the company is micro-sized with modest equity (£15,234) and notable long-term liabilities (£66,633) as of August 2024. The overdue confirmation statement filing raises minor compliance concerns. Given the company's early stage and limited financial history, credit should be extended cautiously with conditions such as periodic financial updates and monitoring of overdue filings.

2. Financial Strength:
   The balance sheet shows a positive trend in net current assets, increasing from £1,390 in 2021 to £81,867 in 2024, reflecting better short-term liquidity management. However, the presence of long-term creditors (£66,633) in 2024 impacts net assets, which remain low at £15,234. Shareholders’ funds have grown from £1,390 in 2021 to £15,234 in 2024, indicating retained earnings or capital injections, but overall equity remains thin, limiting the company’s buffer against financial stress.

3. Cash Flow Assessment:
   Current assets (£123,084) comfortably cover current liabilities (£41,217), yielding a strong net current asset position and suggesting adequate short-term liquidity and working capital. The consistent average workforce of four employees points to controlled operating expenses. However, without profit and loss details, precise cash flow sustainability cannot be fully assessed. The company’s ability to service long-term liabilities depends on operational cash flows improving or refinancing options.

4. Monitoring Points:

• Timely filing of confirmation statements and annual returns to ensure compliance and avoid penalties.
• Monitoring changes in long-term creditors and ensuring they do not escalate beyond manageable levels.
• Periodic review of net assets and working capital trends to confirm ongoing financial improvement.
• Watch for any director or ownership changes that could impact governance or financial strategy.
• Obtain profit and loss data for cash flow analysis in future periods.