It's a bit hard to see what is going on financially. They have been losing money slowly up until in 2015 someone bought a few thousand pounds-worth of shares for £4 million more than they were worth. This is showing in the accounts as a "Share Premium"
It looks as though it changed hands officially on 16 December 2015, with that accounting date change, some new directors and a new address.
Some of the expenditure has gone on fixed tangible assets. Which went up from £65,955 in June 2013, to £167,380 June 2014, £845,787 in December 2015 (also a change in accounting year by the look of it), and £1,721,558 at December 2016.
They must have bought something big, causing the "loss".
Their sales in 2015 were £375,997, falling to £105,031 as you say in 2016.
It's prospects? I can't tell but they still have a lot of cash there. But how easily that could be pulled out again if it is haemorrhaging I don't know.
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