£34k
−55%vs Dec 202401
Summary
THEORY LTD is an active private limited company (company number 13821051) incorporated on 29 December 2021, registered in Gloucester. Its registered activity is plumbing, heat and air-conditioning installation (SIC 43220). Latest micro accounts cover the period ending 31 December 2025, showing net assets of £34k, with 2 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 55% on the prior period (£75k). Across the last 3 periods on record the net-asset trend is volatile.
Peer position · net assets
By net assets it sits in the upper half of 6,191 comparable companies in Other (median £5,839, upper quartile £35k).
02
Key dates
- Incorporated
- 29 December 20214 yrs ago
- Next accounts due
- 30 September 2027in 343 days
- Confirmation statement due
- 12 January 2027in 82 days
Due dates are expected from Companies House filing rules; confirm on the official register before relying on them.
03
Activity
- SIC 43220
- Plumbing, heat and air-conditioning installation
- Accounts type
- Micro Entity
- Size band
- MicroCompanies Act thresholds
04
Financials
Not reported
Not disclosed
2
+100%vs Dec 2024| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 31 December 2025 | £34k | — | — | £78k | — | — | 2 |
| 31 December 2024 | £75k | — | — | £21k | — | — | 1 |
| 31 December 2023 | £33k | — | — | £38k | — | — | 1 |
Current ratio0.42Current liabilities exceed current assets
Figures as filed in iXBRL accounts at Companies House. "—" means the line was not reported in that filing; micro-entity accounts contain no profit and loss account.
05
Firmoscan score
53 / 100 · grade C
| 50 | Starting scoreEvery scored company starts here |
| +10 | Positive net assetsNet assets £33,908 at 2025-12-31 |
| −8 | Net assets falling-54.8% vs prior period |
| −8 | Current liabilities exceed current assetsCurrent ratio 0.42 |
| +5 | Multi-year filing history3 periods on record |
| +4 | Past first filingsIncorporated 2021-12-29 |
| 53 | Score, grade C |
A transparent, rules-based score from filed data only: every point lists its evidence. It is not a credit rating or advice. How the score is computed.
06
Ownership and control
- Mr Daniel Lee Herd
- owns 75–100% of shares
- holds 75–100% of voting rights
- can appoint or remove directors
Persons with significant control hold 25% or more of shares or voting rights. Smaller shareholdings are only listed in confirmation-statement documents.
07
Timeline
- Next accounts duein 343 days
- Confirmation statement duein 82 days
- Accounts period endNet assets £34k · micro accounts
- Accounts period endNet assets £75k · micro accounts
- Accounts period endNet assets £33k · micro accounts
- Incorporated
08
Similar companies in the UK
- BLAKE HEATING AND PLUMBING LTDHigh Wycombe · inc. Dec 2021
- INNOVA HEATING LTDSomerton · inc. Jan 2022
- EARTHS ENERGIES LTDNorwich · inc. Dec 2021
- OCEAN CITY HEATING LTDPlymouth · inc. Jan 2022
- ROSE MECHANICAL LTDWhitby · inc. Jan 2022
- JAG PLUMBING AND HEATING LIMITEDGloucester · inc. Dec 2021
All companies incorporated on 29 December 2021 · in Dec 2021.
09
Reminders for THEORY LTD
Get an email before each filing deadline — accounts and confirmation statement — so nothing is late.