EVERY DAY SOLUTIONS PRIVATE LIMITED

BALANCE SHEET
AS AT 30 JUNE 2015
2015 2014
NOTE Rupees Rupees
ASSETS
CURRENT ASSETS
Cash and bank balances 3 200,000 -
TOTAL ASSETS 200,000 -

FUND AND LIABILITIES

Accumulated surplus 150,000 -
Accrued and other liabilities 50,000 -
200,000
CONTINGENCIES AND COMMITMENTS - -
TOTAL FUND AND LIABILITIES 200,000 -

The annexed notes form an integral part of these financial statements.

________________ ______________________
DIRECTOR DIRECTOR
 EVERY DAY SOLUTIONS PRIVATE LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2015

2015 2014
Rupees Rupees
INCOME
Revenue from services 1,000,000 -
EXPENDITURE
Salaries 400,000 -
Rent 200,000 -
Stores and spares 200,000 -
Utilites 50,000 -
850,000 -

Surplus for the year 150,000 -

The annexed notes form an integral part of these financial statements.

________________ ________________________
DIRECTOR DIRECTOR
 EVERY DAY SOLUTIONS PRIVATE LIMITED
STATEMENT OF CHANGES IN MEMBERS FUND
FOR THE YEAR ENDED 30 JUNE 2015

Rupees

Balance as at 30 June 2013 -

Surplus for the year ended 30 June 2014 -

Balance as at 30 June 2014 -

Surplus for the year ended 30 June 2015 150,000

Balance as at 30 June 2015 150,000

The annexed notes form an integral part of these financial statements.

DIRECTOR DIRECTOR
 EVERY DAY SOLUTIONS PRIVATE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2015

1 STATUS AND OPERATIONS

Every Day Solutions Private Limited is registered under the Companies Ordinance, 1984 on 01 July 2014.
The registered office of the Company is situated at Lahore. The main business of the Company is to provide
repair and maintenance services related to computers, mobiles and other IT equipment.

2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2.1 Basis of preparation

a) Statement of compliance

These financial statements have been prepared in accordance with the Accounting and Financial Reporting
Standards for Small Sized Entities (SSEs), as applicable in Pakistan and the requirements of the Companies
Ordinance, 1984. In case requirements differ, the provisions or directives of the Companies Ordinance, 1984
shall prevail.

b) Accounting convention

These financial statements have been prepared under the historical cost convention.

c) Critical accounting estimates and judgments

The preparation of financial statements in conformity with the Accounting and Financial Reporting Standards
for Small-Sized Entities issued by The Institute of Chartered Accountants of Pakistan requires management to
make judgments, estimates and assumptions that affect the application of policies and reported amounts of
assets and liabilities, income and expenses. The estimates and associated assumptions are based on historical
experience and various other factors that are believed to be reasonable under the circumstances, the results of
which form the basis of making the judgments about carrying values of assets and liabilities that are not
readily apparent from other sources. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to the accounting
estimates are recognized in the period in which the estimates are revised.

Significant areas requiring the use of management estimates in these financial statements relate to the useful
life of depreciable assets, intangible assets, employee benefits and taxation. However, assumptions and
judgments made by management in the application of accounting policies that have significant effect on the
financial statements are not expected to result in material adjustment to the carrying amounts of assets and
liabilities in the next year.

2.2 Revenue

Income is recorded when services are rendered.

2.3 Cash and cash equivalents

Cash and cash equivalents are carried in the balance sheet at book value which approximate their fair value.
Cash and cash equivalents comprise cash in hand and with bank.

2.4 Taxation

The Company pays taxes as per statutory rules and regulations.

 2015 2014
Rupees Rupees
3 CASH AND BANK BALANCES
Cash in hand 30,000 -
Cash with bank - current account 170,000 -
200,000 -

4 DATE OF AUTHORIZATION
These financial statements were authorized for issue on ___________________ by the Directors of the
Company.
5 CORRESPONDING FIGURES
No significant reclassification of corresponding figures have been made.
6 GENERAL
Figures have been rounded off to the nearest Rupee.

______________________
DIRECTOR DIRECTOR
 Trial Balance - Every Day Solutions Private Limited

June 30, 2015

Account Code Account Name Debit Credit

5000000 Total Assets

5100000 Financial Assets

5110000 Cash

5110001 Cash at bank 170,000.00

5110002 Cash in hand 30,000.00

3000000 Total Liability

3020000 Accrued and other payables

3020001 Accrued and other payables 50,000.00

4000000 Members Fund

4100000 Surplus/(Deficit) -

1000000 Income

1100001 Revenue from services 1,000,000.00

2000000 Total Expenses

2100001 Salaries 400,000.00

2100002 Rent 200,000.00

2100003 Stores and spares 200,000.00

2100004 Utilites 50,000.00

1,050,000.00 1,050,000.00