Budgie Limited

Balance sheet
For the year ended
Amount Amount
Fixed Assets 160,000 Creditor
Wages and Salaries Accrued
Less: Accumulated Depreciation (50,000) Accrued Expenses
NBV 110,000 Bank overdraft
Total Current Liabilities

Onwer;s Equity
Toatal NCA 110,000 Ordinary Share Capital
Less Drawing
Currnt Assets Add: Net profit
Closing Stock 40,000
Debtors 47,000
Less Prov for doubt ful debts -
Cash in Hand -
Cash at Bank -
Prepaid Business Rates -
Toatal Current Assets 87,000
Net Assets/ Capital employed 197,000 Net Assets/ Capital employed

Working Capital
Working Capital 12,000
Working Capital Ratio 1.16
Amount Amount
45,000
-
-
30,000
75,000

100,000
-
22,000
122,000

197,000
 Develping Ltd
Profit and Loss Appropriation Account
For the year ended 2019
Particulars Amount Amount
Profit for the year before taxation Rs 27,000.00
Less: Corporation tax -
Profit for the year after taxation Rs 27,000.00
Less: Transfer to general reserves Rs 10,000.00
Preferences dividend 10% Rs 3,000.00
Ordinary dividend 15% Rs 12,000.00
Retained profits carried forward to next year Rs 25,000.00
Profit and Loss Rs 2,000.00
 Develping Ltd
Balance sheet
For the year ended 2019

Amount Amount
Fixed Assets 140,000 Creditor

Less: Accumulated Depreciation Total Current Liabilities

NBV 140,000
Non Current Liability
Debenture

Toatal NCA 140,000 Onwer;s Equity

Ordinary Share Capital
Currnt Assets Share Premium account
Currnt Assets 35,000 Preference share
C/d Retained profit
General reserve
Add: Net profit

Toatal Current Assets 35,000

Net Assets/ Capital employed 175,000 Net Assets/ Capital employed

Retained Earning 12,000

Dividend Payable 12,000

Dividend Payable 12,000

Cash 12,000
 Amount Amount
19,000

19,000

20,000
20,000

80,000
4,000
30,000
3,000
17,000
2,000
136,000

al employed 175,000 -
Date Particulars DR CR
Retained Earning 3,000.00
Dividend Payable 3,000.00

Dividend Payable 3000

Cash 3000

Retained Earning 12,000.00

Dividend Payable 12,000.00

Dividend Payable 12,000.00

Cash 12,000.00