You are on page 1of 103

P.S.

YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Five-year accounts summary - Reviewed by:
Income Statement

Accounting period to
Schedule
Income Statement Reference 2009 2008 2007

Turnover N 100 990,852 1,272,746 1,202,656

Cost of sales O 100 (497,234) (704,072) (650,165)

Gross profit - 493,618 568,674 552,491

Other income - - - 3,192


Other operating expenses O 200 (251,939) (23,985) (28,074)
Selling and distribution expenses
General and administrative expenses O 200 (273,764) (550,038) (512,345)

Profit from operations - (32,085) (5,349) 15,264


Income from other investments
Finance costs O 200 (1,848) (1,913) (2,980)

Profit before tax - (33,933) (7,262) 12,284

Income tax expense P 100 - (5,380) (10,583)

Profit after tax - (33,933) (12,642) 1,701

Dividends

Net profit for the period - (33,933) (12,642) 1,701


P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Five-year accounts summary - Reviewed by:
Balance Sheet

Accounting period to
Schedule
Balance Sheet Reference 2009 2008 2007

ASSETS
Property, plant and equipment L 100 88,561 110,277 134,568
Other non-current assets (including
intangibles)

CURRENT ASSETS
UOB-land 177,126
Inventories M 100 - - -
Trade receivables N 300 429,940 384,999 567,619
Other receivables and prepaid N 400 62,210 52,676 61,733
expenses
Amount due from directors K 200 - - -
HP interest 1,946
Bank and cash balances K 500 7,757 5,536 (17,904)
- 678,979 443,211 611,448
CURRENT LIABILITIES
Trade payables O 300 89,085 94,323 267,376
Other payables and prepaid O 400 540,778 479,275 491,368
expenses
Amount due to director 266,795 67,014 49,985
Amount due to related companies
Hire purchase creditors K 300 13,590 10,008 10,000
Trust receipt K 300 - - -
Bank overdraft K 500 - - -
Taxation P 100 (8,595) (8,595) (6,449)
Term loan
- (901,653) (642,025) (812,280)
NET CURRENT ASSETS - (222,674) (198,814) (200,832)

- (134,113) (88,537) (66,264)

SHAREHOLDERS' EQUITY
Share capital K 100 5,000 5,000 5,000
Retained profit (152,275) (118,342) (105,700)

LONG TERM LIABILITIES


Bank loan - non-current portion 1 11,644 21,660
Deferred taxation 13,161 13,161 12,776
- (134,113) (88,537) (66,264)
- - - -
B

Date
30.12.2010

-
B

Date
30.12.2010

-
-

-
-
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Shareholder's fund Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM
Authorised:
500,000.00 Ordinary shares of RM 1.00 each 500,000.00

Issued and fully paid-up:


5,000.00 Ordinary shares of RM 1.00 each 5,000.00

Shareholders:
4,999.00 Yap Kim Long 4,999.00

1.00 Yap Kim Foo 1.00

5,000.00 5,000.00
LY C,GL

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts

Conclusion:
Based on the work carried out, the shareholder's fund balance is fairly stated.
K 100

Date
30.12.2010

Final
2010
RM

500,000.00

5,000.00

4,999.00

1.00

5,000.00
C,GL
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Amount due from director Reviewed by:
Lead schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM

80,430.49 Yap Kim Long 80,430.49

150,125.96 UOB - Land 177,125.96

230,556.45 257,556.45
LY C,GL

Balance b/f Additional Payment


RM RM RM
Details:

Yap Kim Long 80,430.49 - -

UOB - Land 150,125.96 27,000.00 -

230,556.45 27,000.00 -

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts

Conclusion:
Based on the work carried out, the related parties balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Amount due to director Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM

297,570.12 As per balance sheet 603,704.42


LY C,GL

Details:
Balance b/f Additional Payment
RM RM RM

Amount due to director


- Yap Kim Long 297,570.12 345,577.66 (295,921.89)

Work Done:
Refer audit programme in 5.2.3 Funding Cycle for work done.
LY Corresponds to last year's audited accounts
C Casting done
GL Agree with general ledger

Conclusion:
Based on the work carried out, the amount due to director balance is fairly stated.
K 200

Date
30.12.2010

Final
2009
RM

80,430.49

177,125.96

257,556.45
C,GL

Balance c/f
RM

80,430.49
-
177,125.96

257,556.45

K 201
Date
30.12.2009

Final
2009
RM

603,704.42
C,GL

Balance c/f
RM

347,225.89
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Hire Purchase creditor Reviewed by:
Schedule

Detail:
1 unit Mitsubishi - WPL 1326
Agreement No: 8197287808
Engine No: 4M40HC2482
Finance by: Public Finance Bhd

Cost 61,793.99
Insurance 1,824.00
Registration fee -
Deposit 23,617.99
40,000.00
Interest @ 4.17% 6,672.00
46,672.00

Instalment Principal Interest Total


in suspence

834.00 139.00 973.00


x 47 47 47 47
39,198.00 6,533.00 45,731.00
Final 802.00 139.00 941.00
40,000.00 6,672.00 46,672.00

Balance b/f 26 21,652.00 3,614.00 25,266.00

Less: installment for YE 2009 12 (10,008.00) (1,668.00) (11,676.00)

Balance c/f 14 11,644.00 1,946.00 13,590.00

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts

Conclusion:
Based on the work carried out, the hire purchase creditor balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Hire purchase creditor Reviewed by:
Note

Hire purchase: QAD 907 Total


After 5 year - -
within 24 mths but not more than 5 years 13,590.00 13,590.00
within 12 mths but not more than 24 mths 11,676.00 11,676.00
25,266.00 25,266.00
within 12 mths 11,676.00 11,676.00
36,942.00 36,942.00

Interest in suspence:
After 5 year - -
within 24 mths but not more than 5 years (1,390.00) (1,390.00)
within 12 mths but not more than 24 mths 1,668.00 1,668.00
278.00 278.00
within 12 mths 1,668.00 1,668.00
1,946.00 1,946.00

Net:
After 5 year -
within 24 mths but not more than 5 years 14,980.00
within 12 mths but not more than 24 mths 10,008.00
24,988.00
within 12 mths 10,008.00
34,996.00
K 300

Date
30.12.2010
Date
30.12.2010
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Bank and cash Balances - Reviewed by:
Lead Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM
12.69 Petty cash K 501 112.69

5,522.93 Cash at bank K 502 7,644.31

5,535.62 Total 7,757.00


LY C,GL

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
є Comfirmations have been sent

Conclusion:
Based on the work carried out, the bank and cash balances are fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Petty cash Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM

12.69 Balance b/f 12.69


Additional 3,070.25
Less: payment (2,970.25)

12.69 Total 112.69


LY C,GL

Work Done:
Refer audit programme in 5.2.3 Funding Cycle for work done.
LY Corresponds to last year's audited accounts
C Casting done
GL Agreed with general ledger

Conclusion:
Based on the work carried out, the cash in hand balances are fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Cash at bank Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM
Hong Leong Bank
Balakong Branch
Add: No. 24, Medan Taming 2
Taman Taming Jaya
43300 Balakong
Selangor

5,522.93 A/c No: 06000005339 7,644.31

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
є Comfirmations have been sent
BS Agreed to bank statements

Conclusion:
Based on the work carried out, the cash at bank balances are fairly stated.
K 500

Date
30.12.2010

Final
2009
RM
112.69

7,644.31

7,757.00
C,GL

K 501
Date
30.12.2010

Final
2009
RM

12.69
3,070.25
(2,970.25)

112.69
C,GL

K 502
Date
30.12.2010

Final
2009
RM

7,644.31
P. S. YAP & ASSOCIATES
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT

CLIENT : BLUEUER DESIGN & RENOVATION SDN. BHD. PREPARED BY : Mariah DATE : 12/30/2010
AUDIT YEAR : 30 SEPTEMBER 2009 REVIEWED BY : DATE :

PROPERTY, PLANT AT COST RATE ACCUMULATED DEPRECIATION NET BOOK VALUE


AND EQUIPMENT Balance at Additions (Disposal) Balance at % Balance at Additions (Disposal) Balance at Balance at Balance at
1.10.2008 30.09.2009 1.10.2008 30.09.2009 1.10.2008 30.09.2009

1 Motor vehicles 264,685.60 - (7,150.00) 257,535.60 15% 185,433.72 26,730.77 (5,362.50) 206,801.99 79,251.88 50,733.61
2 Air - conditioner 11,100.00 - - 11,100.00 10% 11,040.00 10.00 - 11,050.00 60.00 50.00
3 Firniture and fittings 1,861.08 - - 1,861.08 10% 1,591.08 90.00 - 1,681.08 270.00 180.00
4 Office equipment 34,876.00 4,560.00 - 39,436.00 10% 18,380.70 3,208.30 - 21,589.00 16,495.30 17,847.00
5 Telephone system / handphone 14,365.00 - - 14,365.00 40% 13,847.20 448.80 - 14,296.00 517.80 69.00
6 Machinery / conditioner 20,916.60 8,990.00 - 29,906.60 10% 7,234.06 2,990.66 - 10,224.72 13,682.54 19,681.88
7 - - - - - -
8 - - - - - -
9 - - - - - -
10 - - - - - -
11 - - - - -
12 - - - - -

347,804.28 13,550.00 (7,150.00) 354,204.28 237,526.76 33,478.53 (5,362.50) 265,642.79 110,277.52 88,561.49

NOTES: ALL THE ABOVE FIGURES ARE DENOTED IN RM ( RINGGIT MALAYSIA)


P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Property, Plant and Equipment Reviewed by:
- Lead Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM

At Cost:-
264,685.60 Motor vehicles 257,535.60 - -
11,100.00 Air - conditioner 11,100.00 - -
1,861.08 Furniture and fittings 1,861.08 - -
34,876.00 Office equipment 39,436.00 - -
14,365.00 Telephone system / handphone 14,365.00 - -
20,916.60 Machinery / container 29,906.60 - -
- -
- -
- -
- -
347,804.28 354,204.28

Accumulated Depreciation:-
185,433.72 Motor vehicles 206,802.00 - -
11,040.00 Air - conditioner 11,050.00 - -
1,591.08 Furniture and fittings 1,681.08 - -
18,380.70 Office equipment 21,589.00 - -
13,847.20 Telephone system / handphone 14,296.00 - -
7,234.06 Machinery / container 10,224.72 - -
- -
- -
- -
- -
237,526.76 265,642.80

110,277.52 NET BOOK VALUE 88,561.48


LY C,GL

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
OR Vouched to invoice

Conclusion:
Based on the work carried out, the property, plant and equipment balance is fairly stated.
L 100

Date
30.12.2010

Final
2009
RM

257,535.60
11,100.00
1,861.08
39,436.00
14,365.00
29,906.60
-
-
-
-
354,204.28

206,802.00
11,050.00
1,681.08
21,589.00
14,296.00
10,224.72
-
-
-
-
265,642.80

88,561.48
C,GL
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Revenue Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

1,361,489.99 West Malaysia N 100-1 1,245,352.41

197,216.60 West Malaysia (cash) N 100-2 256,074.90

(1,982.00) Overcharges -

- Undercharges 9,768.00

(165.40) Discount -

1,556,559.19 1,511,195.31
LY C,GL

Analysis:
2009 2010 Deference
Revenue 1,556,559.19 1,511,195.31 (45,363.88)

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger

Conclusion:
Based on the work carried out, the revenue balance is fairly stated. There was decrease 2.91% compare t
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Revenue - West M'sia Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

544,362.50 August* 220,678.98


56,581.89 September 86,703.50
60,139.50 October 68,701.61
21,043.00 November 53,201.50
22,065.30 December* 133,553.04
18,143.25 January 119,121.00
138,631.13 february 41,480.00
91,565.00 March 87,695.94
125,266.14 April 65,951.10
50,162.88 May* 148,323.74
66,218.90 June 87,220.00
167,310.50 July 132,722.00

1,361,489.99 1,245,352.41
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:

Based on the work carried out, the Revenue balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Revenue - West M'sia(Cash) Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

604.00 August 16,548.00


1,795.00 September 2,930.50
28,673.20 October* 28,106.30
10,404.00 November 9,012.00
6,485.30 December* 102,470.30
9,309.70 January 8,856.00
2,168.00 february 1,705.00
8,969.00 March* 62,296.80
14,696.40 April 3,442.00
6,116.00 May 4,000.00
26,031.00 June 15,048.00
81,965.00 July 1,660.00

197,216.60 256,074.90
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:

Based on the work carried out, the revenue balance is fairly stated.
N 100

Date
23.12.2010

Final
2010
RM

1,245,352.41

256,074.90

9,768.00

1,511,195.31
C,GL

%
-2.91
ease 2.91% compare to 2009
N 100-1

Date
23.12.2010

Final
2010
RM

220,678.98
86,703.50
68,701.61
53,201.50
133,553.04
119,121.00
41,480.00
87,695.94
65,951.10
148,323.74
87,220.00
132,722.00

1,245,352.41
C,GL
N 100-2

Date
23.12.2010

Final
2010
RM

16,548.00
2,930.50
28,106.30
9,012.00
102,470.30
8,856.00
1,705.00
62,296.80
3,442.00
4,000.00
15,048.00
1,660.00

256,074.90
C,GL
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn.Prepared
Bhd. by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Gross profit margin Reviewed by:
analysis

Audited Audited Varian


2009 2010 Amount
RM RM RM

Revenue 1,556,559.19 1,511,195.31 (45,363.88)

Less: Cost of sales (900,352.49) (809,912.06) (90,440.43)

Gross profit 656,206.70 701,283.25 45,076.55

Gross profit margin 42.16 46.41

Work Done:
C Casting done
GL Agree with general ledger

Conclusion:

Based on the work carried out, the gross profit was increase 6.87% compare with year ended 2009. This because the
revenue decrease about 2.91% but the cost of sales was decrease about 10.05%. The gross profit margin was increase
42.16% to 46.41% campare to year ended 2009.
N 130

Date
23.12.2010

Varian
%

(2.91)

(10.05)

6.87

9. This because the


margin was increase from
P.S.YAP & ASSOCIATES (AF:0851)
(Chartered Accountants)

Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by:


Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Trade receivables Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR.
RM RM RM

384,999.12 As per balance sheet 429,940.02


LY C,GL

Details:

As per debtor balance 456,166.61

Less: Other debtor


Blueuer Enterprise (26,226.59)

429,940.02

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
є Comfirmations have been sent

Conclusion:
Based on the work carried out, the trade receivables balance is fairly stated.
Schedule: N 300

Initials Date
Mariah 07.01.2010

Adjustments Final
CR. 2009
RM RM

429,940.02
C,GL
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Other Receivables and Reviewed by:
Prepaid Expenses- Schedule

Audited Schedule Per GL Adjustments


2008 Reference 2009 DR. CR.
RM RM RM RM

16,692.59 Other receivables 26,226.59


35,983.50 Deposits 35,983.50

52,676.09 62,210.09
LY C,GL

Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts

Conclusion:
Based on the work carried out, the other receivables and prepaid expenses balance is fairly
stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Schedule: N401 Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Other Receivables and Reviewed by:
prepaid expenses-analysis

Balance b/f Additional Payment Balance c/f

Other receivables:
Blueuer Enterprise 16,692.59 9,534.00 - 26,226.59

16,692.59 9,534.00 - 26,226.59

Deposit:
Glenmarie Golf Club 21,000.00 - - 21,000.00
Office rental 2,783.50 - - 2,783.50
John Wong - Sri Duta II 2,000.00 - - 2,000.00
Glenmarie yearly fee 5,000.00 - - 5,000.00
Petronas Card for security 1,500.00 - - 1,500.00
TNB deposit for Tower record 500.00 - - 500.00
Handphone deposit:
- 0176772123 100.00 - - 100.00
- 0173372123 100.00 - - 100.00
Tropicana Management 1,000.00 - - 1,000.00
Superkas Shell 2,000.00 - - 2,000.00
35,983.50 - - 35,983.50
N 400

Date
30.12.2010

Final
2009
RM

26,226.59
35,983.50

62,210.09
C,GL

N 401
Date
30.12.2010
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Purchase Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

40,853.75 Credit purchase O 100-1 161,884.50

158,194.57 Cash purchase O 100-2 21,622.66

178,098.82 T/R a/c purchase O 100-3 311,754.87

377,147.14 495,262.03
LY C,GL

Analysis:
2009 2010 Deference
Purchase 377,147.14 495,262.03 118,114.89

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger

Conclusion:
Based on the work carried out, the purchase balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Credit purchase Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

3,366.60 August 11,538.00


813.40 September 14,452.00
2,372.00 October* 18,394.50
6,360.00 November 926.00
6,866.00 December* 66,010.00
- January 2,780.00
2,351.00 february 1,485.00
- March* 26,440.00
10,159.00 April 756.00
964.75 May 9,060.00
2,040.00 June 6,562.00
5,561.00 July 3,481.00

40,853.75 161,884.50
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger

Conclusion:

Based on the work carried out, the credit purchase balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Cash purchase Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

7,103.04 August* 5,444.70


16,445.40 September 594.00
9,877.37 October 1,383.00
2,956.72 November 485.50
21,239.18 December 492.00
16,517.18 January* 3,547.00
8,901.61 february 824.90
14,519.69 March 592.00
8,930.79 April* 3,649.96
8,612.60 May 1,340.10
8,605.82 June 1,910.00
34,484.91 July 1,359.50

158,194.31 21,622.66
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger

Conclusion:

Based on the work carried out, the cash purchase balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd.Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : T/R a/c purchase Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

2,460.58 August -
- September -
- October* 115,099.66
- November 20,947.29
- December 38,229.78
- January -
14,343.10 february -
- March 24,136.15
88,947.00 April -
- May 26,192.82
- June 64,629.87
72,348.14 July 22,519.30

178,098.82 311,754.87
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger

Conclusion:

Based on the work carried out, the Trust receipt account purchase balance is fairly stated.
O 100

Date
23.12.2010

Final
2010
RM

161,884.50

21,622.66

311,754.87

495,262.03
C,GL

%
31.32
O 100-1

Date
23.12.2010

Final
2010
RM

11,538.00
14,452.00
18,394.50
926.00
66,010.00
2,780.00
1,485.00
26,440.00
756.00
9,060.00
6,562.00
3,481.00

161,884.50
C,GL

O 100-2
Date
23.12.2010

Final
2010
RM

5,444.70
594.00
1,383.00
485.50
492.00
3,547.00
824.90
592.00
3,649.96
1,340.10
1,910.00
1,359.50

21,622.66
C,GL

O 100-3
Date
23.12.2010

Final
2010
RM

-
-
115,099.66
20,947.29
38,229.78
-
-
24,136.15
-
26,192.82
64,629.87
22,519.30

311,754.87
C,GL

y stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Expenses Reviewed by:

Audited Schedule Per GL Adjustments Final Varia


2009 Reference 2010 DR. CR. 2010
RM RM RM RM RM RM

Operating expenses
- Accounting fees O201 7,350.00 7,350.00 7,350.00
71,985.70 Allowances O 501 76,702.90 76,702.90 4,717.20
2,940.00 Audit fee O 202 2,940.00 2,940.00 -
8,260.00 Bonus-staff O 502 7,400.00 7,400.00 (860.00)
139,300.25 Depreciation 87,323.10 87,323.10 (51,977.15)
7,500.00 Director bonus O 203 8,000.00 8,000.00 500.00
90,500.00 Director salaries O 203 115,600.00 115,600.00 25,100.00
8,130.60 Electricity and water 7,099.45 7,099.45 (1,031.15)
545.19 Entertainment O 204 730.35 730.35 185.16
25,224.00 EPF O 505 26,984.00 26,984.00 1,760.00
200.00 Filing fee O 205 200.00 200.00 -
5.00 Fine and penalty - - (5.00)
470.40 Food and refreshment - - (470.40)
5,743.26 Insurance-general O 207 2,251.74 2,251.74 (3,491.52)
- Late interest - WMV 9025 O208 145.91 145.91 145.91
- Late interest - tax O208 479.41 479.41 479.41
14,171.00 Lease of lorry-WMV 9025 O 209 11,810.00 11,810.00 (2,361.00)
11,326.00 Lease of motor car-WLL 9754 O 209 - - (11,326.00)
14,280.00 Lease of motor van-WMD 5602 O 209 1,190.00 1,190.00 (13,090.00)
1,300.51 Leasing agreement fee - - (1,300.51)
640.00 Licence fee O 210 70.00 70.00 (570.00)
1,616.95 Medical fee 245.00 245.00 (1,371.95)
4,309.39 Parking and toll 6,142.77 6,142.77 1,833.38
53,534.81 Petrol 52,149.62 52,149.62 (1,385.19)
4,135.74 Postage and stamps 4,190.44 4,190.44 54.70
1,224.10 Printing and stationery 1,386.13 1,386.13 162.03
2,700.00 Quit rent and assessment O 211 1,997.00 1,997.00 (703.00)
45,350.00 Rental O 212 46,550.00 46,550.00 1,200.00
80.00 Rental of motor vehicles O 212 265.00 265.00 185.00
501.00 Repairs 317.00 317.00 (184.00)
15,151.79 Road tax and insurance O 213 15,498.53 15,498.53 346.74
- Rubbish fees 240.00 240.00 240.00
104,520.00 Salaries O 506 93,745.00 93,745.00 (10,775.00)
1,008.00 Secretarial fee O 214 1,008.00 1,008.00 -
- Seminar fees - safety O215 1,750.00 1,750.00 1,750.00
3,038.80 Socso O 507 2,821.05 2,821.05 (217.75)
Staff uniforms 105.00 105.00
810.43 Sundry expenses O 216 575.50 575.50 (234.93)
945.00 Taxation fee O 217 1,050.00 1,050.00 105.00
17,793.00 Telephone and teleks charges 15,903.40 15,903.40 (1,889.60)
Tenancy agreement fee O 218 300.00 300.00
6,388.90 Transport charges 2,371.30 2,371.30 (4,017.60)
8,223.50 Travelling expenses O 219 19,466.65 19,466.65 11,243.15
1,818.00 Upkeep of air conditioner 1,624.00 1,624.00 (194.00)
2,454.00 Upkeep of computer 3,204.00 3,204.00 750.00
15,503.30 Upkeep of motor vehicles 33,275.25 33,275.25 17,771.95
540.00 Upkeep of office 1,670.00 1,670.00 1,130.00
694,168.62 664,127.50 664,127.50 (30,041.12)
Financial expenses
170.00 Bank charges 157.50 157.50 (12.50)
4.05 Bank commission 0.50 0.50 (3.55)
5,603.75 Bank interest 3,899.43 3,899.43 (1,704.32)
9,343.14 Hire purchase interest O 206 9,678.78 9,678.78 335.64
15,120.94 13,736.21 13,736.21 (1,384.73)
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Expenses Reviewed by:

Audited Schedule Per GL Adjustments Final Varia


2009 Reference 2010 DR. CR. 2010
RM RM RM RM RM RM

709,289.56 Total 677,863.71 677,863.71 (31,425.85)


O 200

Date
21.12.2010

Varian

-
6.55
-
(10.41)
(37.31)
6.67
27.73
(12.68)
33.96
6.98
-
(100.00)
(100.00)
(60.79)
-
-
(16.66)
(100.00)
(91.67)
(100.00)
(89.06)
(84.85)
42.54
(2.59)
1.32
13.24
(26.04)
2.65
231.25
(36.73)
2.29
-
(10.31)
-
-
(7.17)

(28.99)
11.11
(10.62)

(62.88)
136.72
(10.67)
30.56
114.63
209.26
(4.33)

(7.35)
(87.65)
(30.41)
3.59
(9.16)
O 200

Date
21.12.2010

Varian

(4.43)
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Accounting fee Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

T.W.Lai & Associates


- Accounting fee (Jan'10 - Jul'10)
- (RM 1,050 x 7) 7,350.00

- 7,350.00
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment voucher

Conclusion:
Based on the work carried out, the audit fee balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Audit fee Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

P.S.Yap & Associates


2,800.00 - Audit fee for the year ended 2010 2,800.00
140.00 - Service charges 5% 140.00

2,940.00 2,940.00
LY C,GL

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment voucher
Conclusion:
Based on the work carried out, the audit fee balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Director's remuneration Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

Director's salaries:
Lee Tai Thye
48,000.00 - RM 4,000 x 5 mths 20,000.00
- RM 5,800 x 7 mths 40,600.00
Ng Chou Hock
42,500.00 - RM 4,000 x 5 mths 20,000.00
- RM 5,000 x 7 mths 35,000.00

90,500.00 115,600.00
LY C,GL,PV

Director's bonus:
4,000.00 Lee Tai Thye 4,000.00

3,500.00 Ng Chou Hock 4,000.00

7,500.00 8,000.00
LY C,GL,PV

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the director's remuneration balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Entertainment Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

545.19 Being entertainment with client


Bangkok Thai Seafood 53.00
Huang Shang Huang Sdn. Bhd 29.00
Imperial Duck 28.60
Enter Plus Resources Sdn Bhd 20.00
3 Points Restaurant 99.75
KFC Events Sdn Bhd 500.00

545.19 730.35
LY C,GL,PV

Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the entertainment balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Filing fee Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

Power One (M) Sdn Bhd


200.00 - Filing annual return 200.00

200.00 200.00
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the filing fee balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Late interest Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

- ORIX Leasing Malaysia Berhad


- Lease of lorry - WMV 9025 145.91

- Lembaga Hasil Dalam Negeri


- Late interest for payment tax YA'07 - 479.41

- 145.91
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the fine and penalty balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Hire purchase interest Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

1,809.00 QAD 907 1,809.00

4,408.00 WPN 8216 4,408.00

3,126.14 WPV 6431 3,121.94

- WTT 9472 600.00

9,343.14 9,938.94
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment voucher

Conclusion:
Based on the work carried out, the hire purchase interest balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Insurance Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

Uni Asia General Insurance Bhd


2,963.05 - Marine insurance 2,251.74

Allianz
1,981.25 - Burglary on No.144, stock -

Commerce Assurance Bhd


798.96 - Fire -

5,743.26 2,251.74
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the insurance balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Leasing Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

ORIX Leasing Malaysia Bhd


11,326.00 Motor car - WLL 9754 -

14,280.00 Motor van - WMD 5602 1,190.00

Lorry - WMV 9025


14,171.00 (RM 1,181 x 10 mths) 11,810.00

39,777.00 13,000.00
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the leasing balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Tenancy agreement fees Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

One World Reality


- - First lease - Fong Kok Hua 300.00

- 300.00
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the leasing agreement fee balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Licence fee Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

110.00 Driving licence for staff 20.00

300.00 Dewan Bandaraya - signboard licence -

230.00 Driving licence - Aidil Bin Seman 50.00

640.00 70.00
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the licence fee balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Quit rent and Assessment Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

Quit rent:
Tanah dan Galian 1,097.00
- No. 144, Jalan Cerdas
Taman Seri Cendekia
56000 Kuala Lumpur
- (RM 494 + RM 603)

Assessment:
Dewan Bandaraya Kuala Lumpur
- No 144, Jalan Cerdas
Taman Seri Cendekia
900.00 56000 Kuala Lumpur 900.00

900.00 1,997.00
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
Based on the work carried out, the quit rent and assessment balance is fairly stated.

P.S.YAP & ASSOCIATES (AF:0851) Schedule:


(Chartered Accountants)
Initials
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Rental Reviewed by:
Schedule

Audited Schedule Per GL Adjustments


2009 Reference 2010 DR. CR.
RM RM RM RM

Syarikat Hong Fatt


( Aug'09 to Jul'10)
30,000.00 - RM 2,500 x 12 mths 30,000.00

Van Kit Vee


(Aug'09 to Jan'10)
6,000.00 - RM 500 x 6 mths 3,000.00

Tee Chue Leong


(Aug'09 to Jul'10)
- RM 800 x 5 mths 4,000.00
9,350.00 - RM 850 x 7 mths 5,950.00

Fong Kok Hua


(Apr'09 to Jul'10)
- - RM 900 x 4 mths 3,600.00

80.00 Rental of Motor Vehicles 265.00


Sime Darby Rent A Car
- Labuan

45,430.00 46,815.00
LY C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers

Conclusion:
O 201

Date
21.12.2010

Final
2010
RM

7,350.00

7,350.00
C,GL,PV
O 202

Date
21.12.2010

Final
2010
RM

2,800.00
140.00

2,940.00
C,GL,PV
O 203

Date
21.12.2010

Final
2010
RM

20,000.00
40,600.00

20,000.00
35,000.00

115,600.00
C,GL,PV

4,000.00

4,000.00

8,000.00
C,GL,PV
O 204

Date
21.12.2010

Final
2010
RM

53.00
29.00
28.60
20.00
99.75
500.00

730.35
C,GL,PV
O 205

Date
21.12.2010

Final
2010
RM

200.00
-

200.00
C,GL,PV
O 206

Date
21.12.2010

Final
2010
RM

145.91
-
-
479.41

625.32
C,GL,PV
O 207

Date
21.12.2010

Final
2010
RM

1,809.00

4,408.00

3,121.94

600.00

9,938.94
C,GL.PV
O 208

Date
21.12.2010

Final
2010
RM

-
2,251.74

2,251.74
C,GL,PV
O 209

Date
21.12.2010

Final
2010
RM

1,190.00

11,810.00

13,000.00
C,GL,PV
O 210

Date
21.12.2010

Final
2010
RM

-
300.00
-
300.00
C,GL,PV
O 211

Date
21.12.2010

Final
2010
RM

20.00
-
-

50.00
-

70.00
C,GL,PV
O 212

Date
21.12.2010

Final
2010
RM

1,097.00

900.00

1,997.00
C,GL,PV
O 213

Date
21.12.2010

Final
2010
RM

-
30,000.00
-

3,000.00

4,000.00
5,950.00

3,600.00

265.00

46,815.00
C,GL,PV
O300

Page 92
O300

Page 93
O300

Page 94
O300

Page 95
O400

Page 96
O400

Page 97
O400

Page 98
O400

Page 99
taxation

Page 100
taxation

Page 101
taxation

Page 102
taxation

Page 103