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Cyclermate Ltd.

Draft Statement of Financial Position - 30 December 2012
Non-current Assets
Cost Depreciation
£
£
Freehold land
170,000
Freehold factory
80,000
32,000
Machinery and equipment
15,000
12,200
Current Assets
Stocks of materials
Stock of finished machines
Trade debtors
Cash in hand
Total Assets
Share capital
Retained profits
Shareholders' Funds
Loan from Geraint Williams
Current Liabilities
Trade creditors
Bank overdraft
Total Capital and Liabilities

Net
£
170,000
48,000
2,800
220,800

Budget
12/31/2013
units
950
1,300
2,250

Income Statement - last five years
year to
12/30/2012
units
direct sales units
1,055
shop sales units
1,450
Total units
2,505

£
102,300
185,790
200,571
657

489,318
710,118
30,000
205,254
235,254
200,000

87,500
187,364

274,864
710,118

Notes
Stocks of finished machines are valued at direct cost
Trade debtors represents amounts owing from cycle shop customers
The bank overdraft is unsecured

£

12/30/2011
units
1,178
1,621
2,799
£

12/30/2010
units
967
1,334
2,301
£

12/30/2009
units
850
1,172
2,022
£

12/30/2008
units
743
1,010
1,753
£

700
420
1,211,000

direct sales price
shop sales price
Total revenue

730
438
1,405,250

760
456
1,634,456

720
432
1,272,528

680
408
1,056,176

650
390
876,850

376
846,000
55,100
74,100
68,040
249,340
1,292,580
(81,580)
(36,000)
35,274
(82,306)
0
(82,306)

Direct material unit cost
Total direct materials
Indirect materials
Administrative costs
Selling and distribution
Wages and salaries
Total costs
Trading profit (loss)
Interest payable
Taxation
Shareholder profit
Dividends paid
Profit Retained

360
901,800
53,456
74,381
65,976
260,689
1,356,302
48,948
(30,401)
(5,564)
12,983
0
12,983

335
937,665
48,720
66,497
64,786
215,594
1,333,262
301,194
(25,860)
(82,600)
192,734
(150,000)
42,734

314
722,514
41,076
59,459
58,736
181,918
1,063,703
208,825
(22,674)
(55,845)
130,306
(90,000)
40,306

290
586,380
34,567
52,623
54,223
147,818
875,611
180,565
(20,000)
(48,170)
112,396
(80,000)
32,396

270
473,310
28,983
46,123
51,989
121,276
721,681
155,169
(20,000)
(40,551)
94,618
(60,000)
34,618

including paint Repairs and renewals Administrative costs Business rates Heating. lighting and power Other sundry expenses Depreciation Selling and Distribution costs Advertising Packaging and sundry materials Travelling and hospitality Postage and courier charges Wages and salaries (including oncosts) Dai Armstrong Ffred Gregory Janice Jones Maldwyn Jones Lewis Llewellyn Emlyn Morgan Gwyneth Morgan Ianto Pritchard Idris Pugh Frieda Schleck Gladys Wells Interest Payable Annual £ 18.100 43.00 price £ 700 420 cycles made 1 1 1 1 1 1 1 1 1 1 8 1 1 1 1 10 20 12 1 1 1 1 1 1 Indirect Materials Workshop materials.654 3.300 4.00 5.89 1.00 9.100 1.80 3.620 27.400 Direct costs Frame tube set Frame lug set.000 28.510 38.200 14.00 3.30 8.90 15.340 20.00 32.000 .000 14.350 19.534 27.00 18.year to 30/6/2014 Sales direct mail order and internet cycle shop units 1. Budget .46 7.87 33.600 74.000 21.50 4.35 24. including brackets Front fork Headset Bottom bracket Chain and chainset Pedals (set) Saddle.250 12.890 15.60 52.00 8.327 7.525 38.Cyclermate Ltd. stem and grips Brake levers and cables Alloy extrusion (wheel rims) Spokes (72 set for two wheels) Sturmey-archer gear and brake hub Dynamo and brake front hub Tyres and inner tubes (set of two) Steel sheet (mudguards and chainguard) Wire (mudguard stays) Paint Basket Rear carrier Pump and brackets Lock Lamps Assorted minor parts (kit) unit price 75.100 40.50 10.42 14.000 14.200 5. post and clamps Handlebars.20 1.300 26.000 97.40 19.45 26.50 32.200 229.20 4.400 35.700 54.10 86.