How much does Ditch the Rag Ltd make?

Ditch the Rag Ltd reported revenue of £345 and £71 profit in the year to 31 Oct 2023, according to its accounts filed at Companies House.

How many employees does Ditch the Rag Ltd have?

Ditch the Rag Ltd reported an average of 1 employee in the year to 31 Oct 2023.

Is Ditch the Rag Ltd profitable?

Yes — Ditch the Rag Ltd reported a profit of £71 in the year to 31 Oct 2023.

Company No. 13665111

Ditch the Rag LtdDissolved

Registered name: DITCH THE RAG LTD

Ditch the Rag Ltd made £345 revenue and £71 profit in the year to 31 Oct 2023.

Ditch the Rag Ltd’s revenue fell 90% to £345 in the year to 31 Oct 2023, with £71 profit and 1 employee. We hold 2 years of its filed accounts. It is no longer on the Companies House register.

Full P&L filed

This company is no longer on the Companies House register. Figures are from its last filed accounts.

Status: Dissolved

Last filed accounts · year to 31 Oct 2023

Key figures

IndependentSmall teamCapital-light

Revenue

£345

Growth ▼90.3%

Profit

£71

Growth ▼94.9%

Profit margin

20.6%

Gross 66.1%

Employees

Change 0%

Profit / employee

£71

Revenue/employee £345

Profitable streak

2yrs

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 Oct 2022	31 Oct 2023
Disclosure	Full P&L	Full P&L
Profit & loss
Revenue (turnover)	£3.6k	£345
Cost of sales	£509	£117
Gross profit	£3.1k	£228
Operating profit	£1.4k	£71
Profit before tax	£1.4k	£71
Profit after tax	£1.4k	£71
Profit (best available)	£1.4k	£71
Employees (average)	1	1
Ratios
Profit margin	38.9%	20.6%
Gross margin	85.7%	66.1%
Revenue per employee	£3.6k	£345
Profit per employee	£1.4k	£71
Growth (year on year)
Revenue growth	—	▼90.3%
Profit growth	—	▼94.9%
Headcount growth	—	0%
Balance sheet — indirect signals, not revenue
Cash at bank	£890	£0
Net assets	£1.6k	£0
Fixed assets	£750	£0
Current assets	£890	£0
Debtors	£0	£0
Deferred income	£0	£0
Source	FullAccounts · bulk data Jul 2024	FullAccounts · bulk data Jul 2024

Derived from the latest filing

How the business works

Profit margin: 20.6%; Profit ÷ revenue.
Gross margin: 66.1%; Gross profit ÷ revenue. High for software and services.
Revenue per employee: £345; Revenue ÷ average employees.
Profit per employee: £71; Profit ÷ average employees.
Cash conversion: —; Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
Fixed assets ÷ revenue: 0%; Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue: 0%; Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue: 0%; 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: ▼100%; Now £0
Cash at bank: ▼100%; Now £0
Headcount: 0%; Now 1
Deferred income: —; Now £0
Fixed assets: ▼100%; Now £0

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Oct 2023 (profit £71), 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.