How much does Tassel Records Ltd make?

Tassel Records Ltd reported revenue of £54k and a loss of £760 in the year to 31 Aug 2023, according to its accounts filed at Companies House.

How many employees does Tassel Records Ltd have?

Tassel Records Ltd reported an average of 3 employees in the year to 31 Aug 2023.

Is Tassel Records Ltd profitable?

No — Tassel Records Ltd reported a loss of £760 in the year to 31 Aug 2023.

Company No. 11527663 · Incorporated 20 Aug 2018

Tassel Records Ltd

Registered name: TASSEL RECORDS LTD

Tassel Records Ltd made £54k revenue and a £760 loss in the year to 31 Aug 2023.

Tassel Records Ltd’s revenue fell 21% to £54k in the year to 31 Aug 2023, with a loss of £760 and 3 employees. The company is classified under “sound recording and music publishing activities” and is based in Preston; we hold 2 years of its filed accounts.

Full P&L filedSection J · Information and communicationSIC 59200Sound recording and music publishing activities

Status: Active - Proposal to Strike off
Location: Preston, North West
Age: 8 yrs · since 2018
Type: Private Limited Company

Latest accounts · year to 31 Aug 2023

Key figures

IndependentSmall team

Revenue

£54k

Growth ▼20.6%

Profit

−£760

Growth ▼117.9%

Profit margin

−1.4%

Gross −1.8%

Employees

Change 0%

Profit / employee

−£253

Revenue/employee £18k

Profitable streak

0yrs

Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to	31 Aug 2022	31 Aug 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£68k	£54k
Cost of sales	£63k	£55k
Gross profit	£5k	−£1k
Operating profit	£4.3k	−£760
Profit before tax	£4.3k	−£760
Profit after tax	£4.3k	−£760
Profit (best available)	£4.3k	−£760
Employees (average)	3	3
Ratios
Profit margin	6.3%	−1.4%
Gross margin	7.3%	−1.8%
Revenue per employee	£22.7k	£18k
Profit per employee	£1.4k	−£253
Growth (year on year)
Revenue growth	—	▼20.6%
Profit growth	—	▼117.9%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Net assets	£12k	£10k
Fixed assets	£12k	£10k
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: −1.4%; Profit ÷ revenue.
Gross margin: −1.8%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £18k; Revenue ÷ average employees.
Profit per employee: −£253; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 18.5%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: —; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: —; Money owed by customers. Low = customers pay quickly.

Indirect — not revenue

Balance-sheet signals

Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.

Net assets: ▼17%; Now £10k
Cash at bank: —; Now —
Headcount: 0%; Now 3
Deferred income: —; Now —
Fixed assets: ▼17%; Now £10k

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Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Aug 2023 (profit −£760), from the Companies House accounts bulk data published Jul 2024. Spotted an error? Request a correction.

Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.