SHRI WOOD LAND FURNITURE & FURNISHING.

Tarakeshwor-2,Kavresthali,Kathmandu
Balancesheet
As on 32/03/2079

SOURCE OF FUNDS Sch. 3/32/2079 3/31/2078

Equity 5,299,000.00 -
Share Capital 1 5,000,000.00 -
Reserve & Surplus 2 299,000.00 -

NON-CURRENT LIABILITIES - -

CURRENT LIABILITIES 3 1,000.00 -

Current Liabilities 1,000.00 -
Total 5,300,000.00 -

APPLICATION OF FUNDS Sch. 3/32/2079 3/31/2078

NON -CURRENT ASSETS 8 549,125.00 -

Plant, Property and Equipment 549,125.00 -

CURRENT ASSETS 4,750,875.00

Inventory -
Sundry Debtors
Advance ,Security & Deposits 7 3,499,150.00
Cash And Cash Equivalents 1,251,725.00
Total 5,300,000.00 -
Schedule 1 to 8 annexed to form an integral part of the
Financial Statement
.
Proprietor Registered Auditor
 SHRI WOOD LAND FURNITURE & FURNISHING.
Tarakeshwor-2,Kavresthali,Kathmandu
Statement of profit or loss
For the year 2078/2079

PARTICULAR Sch. 2078/79 2077/78

Revenue from operation
Sales Revenue 4 3,000,000 -
Other Income - -
Less :Cost of Material Consumed 5 2,513,375 -
Gross Profit 486,625.00 -
Expenses
Administration Expenses 6 60,250 -
Depreciation 8 126,375
Selling Expenses -
Profit Before Tax 300,000.00

Provision for Income Tax (1,000)

Net Profit After Income Tax 299,000.00

Accumulated Loss of Last Year -
Balance forwarded to Balance-Sheet 299,000.00

Schedule 1 to 8 annexed to form an integral part of the Financial Statement

Proprietor Registered Auditor.

 SHRI WOOD LAND FURNITURE & FURNISHING.
Tarakeshwor-2,Kavresthali,Kathmandu
Balancesheet
As on 32 Ashad 2079 B.S
(IN NPR)

Particulars 2078/79 2077/78

CASH FLOW FROM OPERATING ACTIVITIES
Pripor Period Adjustment -
Net profit Before Tax 299,000.00 -
Adjustments for:
Depreciation 126,375.00 -
Finance cost - -
Cash Flow From operating Activities Before Working
Capital Changes 425,375.00 -
Changes in working capital
(Increase)/Decrease in Current Assets (3,499,150.00)
Increase/(Decrease) in Current Liabilities 1,000.00
Cash Generated by Operation (3,072,775.00)
Less:Income Tax Paid -
A.Net Cash from (Used in ) operating Activities (3,072,775.00)

CASH FLOW FROM INVESTING ACTIVITIES

Purchase/Construction of Property Plant & Equipments (675,500.00)
B.Net Cash from (Used in ) Investing Activities (675,500.00)

CASH FLOW FROM FINANCING ACTIVITIES

Issue of share capital 5,000,000.00
Increase (Decrease) in long Term Loan -
C.Net Cash flow from (Used in) Financing Activities 5,000,000.00

Net Increase/(Decrease) in cash and cash

Equivalents(A+B+C) 1,251,725.00
Cash & Cash Equivalents at the Beginning of the period -
Cash & Cash Equivalents at the End of the period 1,251,725.00 -
Schedule 1 to 8 annexed to form an integral part of the Financial
Statement
Proprietor
0
 SHRI WOOD LAND FURNITURE & FURNISHING.
Schedules Forming Part of Financial Statements
For the year 2078/2079
Tarakeshwor-2,Kavresthali,Kathmandu

Equity Share Capital Schedule-1

Particulars 2078/79 2077/78
Authorized Share Capital
(5,000 Shares of Rs.100 Each) 5,000,000.00 -

Issued & Subscribed Share Capital 5,000,000.00 -

Proprietors Capital
(5,000 Shares of 100 Each ) 5,000,000.00

Total 5,000,000.00 -

Reserve & Surplus Schedule-2

Particulars 2078/79 2077/78
Opening Profit & Loss Account. -
This Year Profit 299,000.00
Total 299,000.00 -

Current Liabilities (Schedule-3)

Particulars 2078/79 2077/78
Provision for Income Taxes 1,000.00 -
Sundry Creditors -
T.D.S on Wages - -
Audit Fees Payables - -
T.D.S on Audit Fees - -
Total 1,000.00 -

Sales Revenue (Schedule- 4 )

Particulars 2078/79 2077/78
Sales of Goods 3,000,000.0
Scrap Sales - -
Other Income - -
Gross Sales Revenue 3,000,000.0 -
 SHRI WOOD LAND FURNITURE & FURNISHING.
Schedules Forming Part of Financial Statements
For the year 2078/2079
Tarakeshwor-2,Kavresthali,Kathmandu

Cost of Material Consumed (Schedule-5)

Particulars 2078/79 2077/78
Opening Stock - -
Add: Purchase 4,500,000.00 -
Direct Expenses -
Less: Closing Stock 1,986,625.00 -
Total Consumption 2,513,375.00 -

Administrative Expenses (Schedule-6)

Particulars 2078/79 2077/78
Rent Expenses
Printing & Stationery Expenses 1,500.00
Electricity Expenses 45,750.00
Telephone Expenses -
Wages -
Audit Fee -
Miscelleneous Expenses -
Repair & Maintenance -
Transportation Expenses -
Cleaning Expenses -
Annual Renewal fee 13,000.00

Total 60,250.00 -

Advance ,Security & Deposits (Schedule 7)

Particulars 2078/79 2077/78
Advance Income Tax - -
Vat Receivable -
TDS Receivable
Other Advances 3,499,150.00
Total 3,499,150.00 -
Schedule 1 to 8 annexed to form an integral part of the Financial Statement
Proprietor
 SHRI WOOD LAND FURNITURE & FURNISHING.
Tarakeshwor-2,Kavresthali,Kathmandu
Schedules forming part of financial statements
For the year 2078/2079

Schedule 8: Schedule of Fixed Assets

Assets Cost Depreciation Net Assets
Block B Opening Balances Additions Disposal Depn Basis Rate % Amount
Furniture & Fixture 125,500.00 125,500.00 25% 31,375.00 94,125.00
Equipment & Tools - 25% - -
Warm Lights - 25% - -
Power Back Up 125,000.00 125,000.00 25% 31,250.00 93,750.00
Total - - -
Block D - - -
Machinery and Tools 425,000.00 425,000.00 15% 63,750.00 361,250.00
Total - - -
Grand Total - 675,500.00 - 675,500.00 126,375.00 549,125.00

Schedule 1 to 8 annexed to form an integral part of the Financial Statement

 SHRI WOOD LAND FURNITURE & FURNISHING.
Tarakeshwor-2,Kavresthali,Kathmandu
Significant Accounting Policies and Notes To Accounts

Schedule-6
1. SIGNIFICANT ACCOUNTING POLICIES

1.1 Basis of Accounting

Financial statements have been prepared under historical cost convention and accrual accounting concept (except as specifically
stated in this schedule) following Nepal Accounting Standards so far as applicable in compliance with the prevailing laws.

1.2 Revenue Recognition

Revenue has been recognized as and when the goods and services are delivered to customers unless there is uncertainty as to the
realization of amount.
1.3 Fixed Assets
Fixed Assets have been valued at cost. All expenses incurred for bringing the assets to their present location and conditions
have been capitalized.
1.4 Depreciation
Depreciation on fixed assets has been provided on Diminishing Balance Method at the following rates provided in Income
Tax Act 2058.

A. Buildings 5%
B. Office Equipment and Furniture & Fixtures 25%
C. Automobiles 20%
D. Machinery and Other Fixed Assets 15%
1.5 Inventories
Inventories have been valued at cost or market value whichever is lower. Value of inventories has been stated at the amount as
verified, valued & certified by the
management and the same are subject to physical verifications.
2. NOTES TO ACCOUNTS
2.1 Debtors and creditors
Balances in debtors, advances and creditors are subject to confirmation from the respective parties.
2.2 Provision for Income Tax
Provision for income tax has been provided as per Income Tax Act, 2058.

2.3 Previous years figures

Previous year figures has been regrouped and rearranged wherever necessary.
VAT Reconciliation Statement
SHRI WOOD LAND FURNITURE & FURNISHING.
Tarakeshwor-2,Kavresthali,Kathmandu
For the year 2078/2079

Months (Rs.)

Particulars 4 5 6 7 8 9 10 11 12 1 2 3 Return wise Sum

Vatable Sales - - - - - - - - - -
Vatable Purchase - - - - - - - - - -
-
Output vat - - - - - - - - - - - - -
Input Vat - - - - - - - - - - - - -
Net Vat( Receivale) /Payable. - - - - - - - - - - - - -