FINANCIAL ACCOUNTS
Spokes Active Limited
STATEMENT OF PROFIT OR LOSS
Forecast Year 4 Year 3
£ £
0 800,000 177% 453,142
Cost of sales (257,573) (351,509)
Gross profit 542,427 101,633
Administrative expenses (49,500) (58,649)
Profit/(loss) from operations 492,927 42,984
Finance cost - (2,125)
Profit/(loss) before tax 492,927 40,859
Tax - (2,085)
Net profit/(loss) 492,927 38,774
STATEMENT OF FINANCIAL POSITION
Forecast Year 4 Year 3
ASSETS £ £ £
Non-current assets
Property, plant and equipment 145,000 16,964
145,000
Current assets
Inventories 105,000 62,573
Trade receivables - 7,688
Cash - 2,792
105,000
TOTAL ASSETS 250,000
EQUITY AND LIABILITIES
Equity
Share capital 100 100
Retained earnings 438,717 10,790
438,817
Non-current liabilities
Bank loan - -
Other loans - -
-
,Current liabilities
Trade payables - 77,042
Other creditors - 2,085
-
TOTAL EQUITY AND LIABILITIES 438,817
ADDITIONAL INFORMATION: Forecast Year 4 Year 3
Administrative expenses
Rent and rates (2,000) (6,400)
Staff costs (40,000) (36,895)
Director salaries and expenses (7,500) (7,500)
Advertising - (1,512)
Accounting fees - (1,650)
Insurance - (1,980)
Depreciation - (2,162)
Sundry expenses - (550)
(49,500) (58,649)
,Year 3 Year 2 Year 1
£ £
118% 383,662 238% 161,366
(300,554) (133,796)
83,108 27,570
(54,805) (45,857)
28,303 (18,287)
(4,000) (4,000)
24,303 (22,287)
- -
24,303 (22,287)
Year 3 Year 2 Year 1
£ £ £ £
18,282 18,704
16,964 18,282
40,069 133,060
25,520 20,941
19,675 2,547
73,053 85,264
90,017 103,546
100 100
2,016 (22,287)
10,890 2,116
30,000 30,000
25,000 25,000
- 55,000
, 46,430 133,467
- 8,972
79,127 46,430
90,017 103,546
Year 3 Year 2 Year 1
(5,700) (2,560)
(35,478) (25,642)
(7,500) (7,500)
(860) (1,512)
(1,150) (750)
(658) (523)
(1,953) (1,870)
(1,506) (5,500)
(54,805) (45,857)
Spokes Active Limited
STATEMENT OF PROFIT OR LOSS
Forecast Year 4 Year 3
£ £
0 800,000 177% 453,142
Cost of sales (257,573) (351,509)
Gross profit 542,427 101,633
Administrative expenses (49,500) (58,649)
Profit/(loss) from operations 492,927 42,984
Finance cost - (2,125)
Profit/(loss) before tax 492,927 40,859
Tax - (2,085)
Net profit/(loss) 492,927 38,774
STATEMENT OF FINANCIAL POSITION
Forecast Year 4 Year 3
ASSETS £ £ £
Non-current assets
Property, plant and equipment 145,000 16,964
145,000
Current assets
Inventories 105,000 62,573
Trade receivables - 7,688
Cash - 2,792
105,000
TOTAL ASSETS 250,000
EQUITY AND LIABILITIES
Equity
Share capital 100 100
Retained earnings 438,717 10,790
438,817
Non-current liabilities
Bank loan - -
Other loans - -
-
,Current liabilities
Trade payables - 77,042
Other creditors - 2,085
-
TOTAL EQUITY AND LIABILITIES 438,817
ADDITIONAL INFORMATION: Forecast Year 4 Year 3
Administrative expenses
Rent and rates (2,000) (6,400)
Staff costs (40,000) (36,895)
Director salaries and expenses (7,500) (7,500)
Advertising - (1,512)
Accounting fees - (1,650)
Insurance - (1,980)
Depreciation - (2,162)
Sundry expenses - (550)
(49,500) (58,649)
,Year 3 Year 2 Year 1
£ £
118% 383,662 238% 161,366
(300,554) (133,796)
83,108 27,570
(54,805) (45,857)
28,303 (18,287)
(4,000) (4,000)
24,303 (22,287)
- -
24,303 (22,287)
Year 3 Year 2 Year 1
£ £ £ £
18,282 18,704
16,964 18,282
40,069 133,060
25,520 20,941
19,675 2,547
73,053 85,264
90,017 103,546
100 100
2,016 (22,287)
10,890 2,116
30,000 30,000
25,000 25,000
- 55,000
, 46,430 133,467
- 8,972
79,127 46,430
90,017 103,546
Year 3 Year 2 Year 1
(5,700) (2,560)
(35,478) (25,642)
(7,500) (7,500)
(860) (1,512)
(1,150) (750)
(658) (523)
(1,953) (1,870)
(1,506) (5,500)
(54,805) (45,857)
