Company Overview
Wrap Lab Ltd is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 31 March 2016, so this is a well established company. Wrap Lab Ltd has been in business for 10 years. The accounts status is total exemption full and the accounts are next due on Wednesday 30 March 2022.
Registered Address

6 Ragley Drive, Great Barr, Birmingham, B43 6QB
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Companies House Data
Company NameWRAP LAB LTD
Company Number10093192
Registered Office Address6 Ragley Drive
 Great Barr
 B43 6QB
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date31/03/2016
Accounting Reference Date Day30
Accounting Reference Date Month3
Accounts Next Due Date30/03/2022
Accounts Last Made Up Date31/03/2020
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date28/04/2017
Previous Company NameChanged Date
GT1989 LIMITED29 Jan 2018
Directors & Members
Gurbaksh Tiwana - Director
(British, 58 years old, born April 1968)
Appointed 31 March 2016
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Gurbaksh Tiwana
CENTRAL CLEANING (NATIONWIDE) LTD.
GT 1968 LTD
HERITAGE CAR SALES LTD
NEW CITY BIRMINGHAM CENTRAL LIMITED
RR CONSTRUCTION & DEVELOPMENT LTD
Balance Sheet Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Balance Sheet
Fixed Assets 1,465 1,674 13,938
Current Assets 14,030 15,519 18,582
Creditors Due Within One Year 160,183 6,500 4,883
Working Cap -146,153 9,019 13,699
Total Assets Less Current Liabilities -144,688 10,693 27,637
Long-term Liabilities 0 147,188 142,676
Net Assets -144,688 -136,495 -115,039
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds -144,688 -136,495 -115,039
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Tangible Fixed Assets - - -
Fixed Assets 9.5% 9.7% 42.9%
Stocks Inventory - - -
Debtors 61.1% 78.4% 40.2%
Cash Bank In Hand 11.6% 4.6% 4.0%
Current Assets 90.5% 90.3% 57.1%
Creditors Due Within One Year 1033.8% 37.8% 15.0%
Net Current Assets Liabilities -943.2% 52.5% 42.1%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds -933.8% -793.9% -353.7%
Capital Employed - - -
Total Assets Less Current Liabilities -933.8% 62.2% 85.0%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Liquidity Ratio 0.1 2.4 3.8
Solvency Ratio 0.1 0.1 0.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2020 31-Mar-2019 31-Mar-2018
Assets 15,495 17,193 32,520
Debt 160,183 153,688 147,559
Net Assets/Debt -144,688 -136,495 -115,039
Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   Current debt exceeded short term liquid assets as at the balance sheet date. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves has some deficiency. The balance sheet net assets figure is negative. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around B43 6QB
CENTRAL CLEANING (NATIONWIDE) LTD.
6 Ragley Drive, Great Barr, Birmingham, B43 6QB
Document Filings
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Confirmation statement made on 30 March 2022 with no updates
Confirmation statement made on 30 March 2021 with no updates
Confirmation statement made on 30 March 2020 with no updates
Previous accounting period shortened from 31 March 2019 to 30 March 2019
Confirmation statement made on 30 March 2019 with no updates
Confirmation statement made on 30 March 2018 with updates
Resolutions
Confirmation statement made on 30 March 2017 with updates
Registered office address changed from 15 Highfield Road Edgbaston Birmingham B15 3DU United Kingdom to 6 Ragley Drive Great Barr Birmingham B43 6QB on 16 May 2017
Incorporation
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