PRACTICAL MINDS LIMITED Financials
- Company number
- 05903669CopyCopy
- Registered office
- Practical House, 5 Side Ley, Kegworth, Derby DE74 2FJ
- Incorporated
- 11/08/2006
Company snapshot
- Status
- Active
- Employees
- 25 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2022–2025.
Net Assets
0.87%vs 20242024: £715.85K
Total Assets
-4.41%vs 20242024: £1.87M
Cash in Bank
-21.72%vs 20242024: £629.30K
Total Liabilities
20.50%vs 20242024: £883.43K
Employees
+1vs 20242024: 24
In 2025, PRACTICAL MINDS LIMITED reported net assets of £722.09K. The same filing shows total assets of £1.79M, cash in bank of £492.59K and total liabilities of £1.06M. Reported headcount was 25 in 2025. Total Liabilities rose from £883.43K in 2024 to £1.06M in 2025 (20.50%). Okredo holds filed figures for 2022–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
0.87%from £715.85K in 2024Year-on-year change
Net Assets as filed for 2022–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures PRACTICAL MINDS LIMITED filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-11.3%vs 2023-5.8% a year compound (CAGR)
Cash in Bank
+49.3%vs 2023+22.2% a year compound (CAGR)
Total Assets
-12.1%vs 2023-6.2% a year compound (CAGR)
Total Liabilities
+19.9%vs 2023+9.5% a year compound (CAGR)
Employees
-19.4%vs 2023-6Biggest increase
Cash in Bank+49.3%
£329.90K in 2023 to £492.59K in 2025
Biggest decrease
Employees-19.4%
31 in 2023 to 25 in 2025
PRACTICAL MINDS LIMITED's filings pull in both directions between 2023 and 2025. The steepest rise came in cash in bank, pointing to a more liquid cash position, set against a fall in employee numbers, pointing to a smaller workforce. See the full year-by-year figures.
Ratios from the filed figures
Calculated from PRACTICAL MINDS LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 40.42%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 59.58%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 46.27%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 27.57%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for PRACTICAL MINDS LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Net Assets£ | 801.13K | 813.72K | 715.85K | 722.09K |
| Total Assets£ | 1.61M | 2.03M | 1.87M | 1.79M |
| Cash in Bank£ | 553.25K | 329.90K | 629.30K | 492.59K |
| Total Liabilities£ | 803.94K | 887.92K | 883.43K | 1.06M |
| Employees | 30 | 31 | 24 | 25 |
PRACTICAL MINDS LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for PRACTICAL MINDS LIMITED covering 2022–2025, across 5 reported indicators. The most recent reported year is 2025.
PRACTICAL MINDS LIMITED reported net assets of £722.09K for 2025. That compares with £715.85K in 2024, a change of 0.87%.
PRACTICAL MINDS LIMITED reported total assets of £1.79M for 2025. That compares with £1.87M in 2024, a change of -4.41%.
PRACTICAL MINDS LIMITED reported cash in bank of £492.59K for 2025. That compares with £629.30K in 2024, a change of -21.72%.
PRACTICAL MINDS LIMITED reported 25 employees in 2025, compared with 24 in 2024.
Between 2023 and 2025, PRACTICAL MINDS LIMITED's net assets fell by 11.3%, cash in bank rose by 49.3%, total assets fell by 12.1% and total liabilities rose by 19.9%. Net assets contracted at 5.8% a year across the two years to 2025, from £813.72K to £722.09K. Reported headcount went from 31 in 2023 to 25 in 2025 (-6).
Okredo holds reported figures for the years 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.