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    Fina 1161

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    anhminhngo2005

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    © All Rights Reserved
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    Fina 1161

    Uploaded by

    anhminhngo2005
    51 views5 pages

    Copyright

    © © All Rights Reserved

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    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    51 views5 pages

    Fina 1161

    Uploaded by

    anhminhngo2005

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 5

    Profit & Loss statement for the year ending 28 February 20X4

    £ £
    Revenue 157,210
    Less: Cost of sales
    Opening inventory 11,390
    Add: Purchases 115,890
    127,280
    Less: Closing inventory -19,560
    107,720
    Gross profit on book sales 49,490

    Income from book repair services 5,890


    Repair book service expense -1,560 4,330
    Bank interest received 135
    Total gross profit 53,955

    Expenses
    Electricity 2,400
    Rental expense 18,800
    Insurance 2,600
    Assistant's wages 10,200
    Administration, finance, and sundry expenses 2,680
    36,680
    Net profit 17,275
    Balance sheet on 28 February 20X4

    £ £
    ASSETS
    Non-current assets 4,785
    Current assets
    Closing inventory 19, 560
    Trade receivables 2,300
    Bank 2,348
    24,208
    Total Assets 28,993

    CAPITAL and LIABILITIES


    Capital
    Opening capital balance 1 March 20X3 22,846
    Add: Net profit 17,275
    Less: Drawings -26,080
    Closing capital balance 28 February 20X4 14,041

    Liabilities
    Trade payables 14,952
    28,993
    28 February 20X3 28 February 20X4

    Book sales for the year 178,900 157,210


    Gross profit on book sales 53,670 49,490
    Gross profit margin 30% 31.50%
    Profit on repairs service 3,750 5,890
    Total expenses 29,865 36,680
    interest received 285 135
    Net profit 27,840 17,275
    Net profit margin 15.60% 10.99%
    A Cash flow statement from January to 30 June 20X5 (£)
    January February March April May
    Receipts
    Retreat 2,400 0 0 9,600 0
    Room rental 16,275 19,600 21,700 21,000 27,125
    Café 6,000 7,000 7,000 7,000 7,000
    Total Receipt 24,675 26,600 28,700 37,600 34,125
    Payments
    Marketing 30,000 20,000 0 0 0
    Chef 2,000 2,000 2,000 2,000 2,000
    Staff 15,000 15,000 15,000 15,000 17,000
    Other expenses 0 3,500 3,500 3,500 3,500
    Food & beverage 0 7,000 7,000 9,000 7,000
    Total payment 47,000 47,500 27,500 29,500 29,500
    Net Cash flow -22,325 -20,900 1,200 8,100 4,625
    Opening Cash 40,000 17,675 -3,225 -2,025 6,075
    Closing Cash 17,675 -3,225 -2,025 6,075 10,700
    ne 20X5 (£)
    June Total

    0 12,000
    27,000 132,700
    7,000 41,000
    34,000 185,700

    0 50,000
    2,000 12,000
    17,000 94,000
    3,500 17,500
    7,000 37,000
    29,500 210,500
    4,500 -24,800
    10,700 69,200
    15,200 44,400

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