Notes To Statement of Profit & Loss

Note 7 :- Revenue From Operations

Particulars
Sales

Total

Note 8 :-Purchases of stock in Trade

Particulars
Purchases

Total

Note 9 :- Changes in Inventories of Finished Goods, Work-in-Progress and Stock-in-Trade

Particulars
Stock As on 01st april,2022
Less Stock as on 31st march,2023

Total

Note 10 :-Eployee Benefits

Particulars
Salaray
wages
Total

Note 11 :- Other Expenses

Particulars
RENT
BAD Debts
Total
Year Ended Year Ended
31.03.2023 31.03.2022
350,000

350,000

Year Ended Year Ended

31.03.2023 31.03.2022
500,000

500,000

Year Ended Year Ended

31.03.2023 31.03.2022
130,000
(250,000)

(120,000)

Year Ended Year Ended

31.03.2023 31.03.2022
10,000
3,000
13,000

Year Ended Year Ended

31.03.2023 31.03.2022
10,000
10,000
20,000
Note 6 :- Property, Plant & Equipment

Gross Block Accumulated De

Purchase
d/
Addition
Opening s Sold Closing Opening
4
Particulars Rate 1 2 3 (1+2-3) 5
Furniture & Fixtures 10% 50,000 50,000
Machimery 15% 100,000 100,000

Total 150,000
Accumulated Depreciation Net Block

For On
The Assets
Year Sold Closing Opening Closing
8 9 10
6 7 (5+6-7) (1-5) (4-8)
5,000 - 5,000 50,000 45,000
15,000 15,000 100,000 85,000

20,000 150,000 130,000

 Amar Automative Pvt. Ltd.
Balance sheet as on 31st march 2023

Year
Year Ended Ended
Particulars Note No. 31.03.2023 31.03.2022

I. EQUITY AND LIABILITIES

1 Shareholder's Fund 1 1,000,000

(a) Share Capital 2 87,000
(b) Reserves and Surplus
(c) Money Received Against Share Warrents

2 Share Application Money Pending Allotment

3 Non Current Liabilities

(a) Long Term Borrowings
(b) Deferred Tax Liabilities (Net)
(c) Other Long Term Liabilities
(d) Long Term Provisions

4 Current Liabilities
(a) Short Term Borrowings
(b) Trade Payables
(c) Other Current Liabilities 3 05,000
(d) Short Term Provisions
TOTAL 1,092,000

II. ASSETS

(1) Non Current Assets

(a) Property, Plant & Equipment
(i) Tangible Assets 4 130,000
(ii) Intangible Assets
(iii) Capital Work-In-Progress
(iv) Intangible Assets Under Development
(b) Non Current Investments
(c) Deferred Tax Assets (Net)
(d) Long Term Loans and Advances
(e) Other Non-Current Assets

(2) Current Assets

(a) Current Investments
(b) Inventories 5 250,000
 (c) Trade Receivables
(d) Cash and Cash Equivalents 6 712,000
(e) Short-Term Loans and Advances
(f) Other Current Assets
TOTAL 1,092,000
 Amar furniture Pvt. Ltd.
Profit & Loss for the year ended 31st march 2023

Year Ended Year Ended

Particulars Note No. 31.03.2023 31.03.2020

I. Revenue From Operations 7 350,000

II. Other Income 8 40,000
III. Total Revenue ( I+II ) 390,000

IV. Expenses
Cost of Materials Consumed
Purchases of Stock-in-Trade 9 500,000

Changes in Inventories of Finished Goods,

Work-in-Progress and Stock-in-Trade 10 (250,000)
Employee Benefits Expenses 11 13,000
Finance Costs
Depreciation and Amortization Expenses 20,000
Other Expenses 12 20,000
Total Expenses 303,000

Profit Before Exceptional and

Extraordinary Items and Tax
V. ( III-IV ) 87,000
VI. Exceptional Items
Profit Before Extraordinary Items and Tax (
VII. V-VI ) 87,000
VIII. Extraordinary Items 00,0
IX. Profit Before Tax ( VII-VIII ) 87,000
X. Tax Expenses :-
1. Current Tax
2. Deferred Tax 00,0
Profit / (Loss) For The Period From
Continuing Operations
XI. ( IX-X ) 87,000

Profit / (Loss) For The Period From

XII. Discontinuing Operations 00,0
XIII. Tax Expenses of Discontinuing Operations 00,0
Profit / (Loss) For The Period From
Discontinuing Operations (After Tax)
XIV. ( XII-XIII ) 00,0

XV. Profit / (Loss) for the Period ( XI+XIV ) 87,000

XVI. Earnings Per Equity Shares :-

1. Basic 00,0
2. Diluted 00,0
 Notes To Accounts Balance Sheet

Note 1 :- Share Capital

Year Ended Year Ended

Particulars 31.03.20XX 31.03.20XX
Authorised
XXX shares of Rs. 10 Each
Issued, Subscribed and Paid Up
10000 Shares of Rs. 10 Each 1,000,000

Total 1,000,000

Note 2 :- Reserves and Surplus

Year Ended Year Ended

Particulars 31.03.20XX 31.03.20XX
General Reserves
Opening Balance 87,000
Add :- Transfer from P&L
Closing Balance (A)

Profit & Loss A/c.

Opening Balance
Add :- Profit for the Year
Less :- Equity Dividend Declared
Less :- Transferred to General Reserves (87,000)
Closing Balance (B)

Total (A+B) -

Note 3 :- Other Current Liabilities

Year Ended Year Ended

Particulars 31.03.20XX 31.03.20XX
RENT OUTSTANDING 5,000

Total 5,000

Note 4 :- Property, Plant & Equipment

Year Ended Year Ended

Particulars 31.03.20XX 31.03.20XX
Furniter 45,000
Machinery 85,000
Total 130,000

Note 5 :- Invtories

Year Ended Year Ended

Particulars 31.03.20XX 31.03.20XX
stock as on 31st march,2023 250,000

Total 250,000

Note 6 :- Cash And Cash Equvlent

Year Ended Year Ended

Particulars 31.03.20XX 31.03.20XX
Cash 32,000
Bank Account 680,000

Total 712,000

Note 8 :- Trade Receivables

Year Ended
Particulars 31.03.20XX

Total -
Annexure/Notes/Schedules

Note 3 :- long term borrwings

Year Year
Ended Ended
31.03.20X 31.03.20X
Particulars X X
 Indirect Method
Cash Flow Statement For The Period Ended On 31st March, 20XX
Particulars Amount (₹) Amount (₹)
Cash Flow from Operating Activities 87,000
Net profit before tax & extraordinary items
Adjustment for –
Depreciation 20,000
Interest (10,000)
Operating profit before working capital changes 10,000
Working Capital
Increase In current Assets
Increase In Inventories (250,000)
Increase In current Liability 5,000
Cash Generation From operation (245,000)
Net Cash from Operating Activities (A) (148,000)

Net Cash from Investing Activities

Purchases Of fixed Assets (150,000)
Interest On Income 10,000
Dividend Income
Net Cash from Investing Activities (b) (140,000)
Net Cash from Financing Activities
Share Capital 1,000,000
Net Cash from Financing Activities (C) 1,000,000
Net increase (decrease) in cash & cash equivalent (A)+(B)+(C) 712,000
Add :-Cash & Cash Equivalent at the beginning of the year
Cash & Cash Equivalent at the end of the year 712,000
Amar Automative Pvt Ldt
Trial Balance
1-Apr-22 to 31-Mar-23
Amar Automative Pvt Ldt
Particulars 1-Apr-22 to 31-Mar-23
Closing Balance
Debit Credit
Capital Account 100000.00
Rahim 50000.00
Ram 50000.00
Loans (Liability) 2850000.00
Secured Loans 2850000.00
Current Liabilities 828881.44 3834770.00
Duties & Taxes 828881.44 368116.00 -460765.44
Sundry Creditors 3466654.00
Fixed Assets 140889.96
Computer 60224.00
Furniture 80665.96
Current Assets 3561120.56
Opening Stock
Sundry Debtors 1682816.00
Cash-in-Hand 20000.00
Bank Accounts 1858304.56
Sales Accounts 1314700.00
Sale A/c 1314700.00
Purchase Accounts 2331760.00
Purchase 2331760.00
Indirect Expenses 1236818.04
Depreciation on Computer 3776.00
Depreciation on Funiture 10792.04
Interest on Loan 350000.00
IT Fees 3000.00
Office Expenses 3250.00
Preliminary Expenses 50000.00
Rent 200000.00
Royality Fees 400000.00
SAP Fees 200000.00
Security 16000.00
Grand Total 8099470.00 8099470.00
Amar Automotive Pvt Ltd
702 Raaj Chamber
Andheri
Trial Balance
1-Apr-22 to 31-Mar-23
Amar Automotive Pvt
Particulars 1-Apr-22 Ltd
to 31-Mar-23
Closing Balance
Debit Credit
Capital Account 100000.00
Rahim Captial A/c 50000.00 11520.00
Ram Capital A/c 50000.00
Loans (Liability) 2850000.00
Secured Loans 2850000.00
Current Liabilities 828881.44 3834772.44
Duties & Taxes 828881.44 368118.00 -460763.44 5760.00
Sundry Creditors 3466654.44 8231
Geeta Construction 10000.00 16462
Mahindra First Choice 472000.00
Mahindra & Mahindra 1802394.00
Tirumala Home Decors 0.44
Western Auto Sapre 1182260.00
Fixed Assets 140890.00
Computer 60224.00
Furniture 80666.00
Current Assets 3561123.00
Opening Stock
Sundry Debtors 1682818.00
Jagdamba Garage 627200.00
Jimmy Auto Garage 301416.00
Sahara Auto Parts 431642.00
Shah Auto Parts & Garage 322560.00
Cash-in-Hand 20000.00
Cash 20000.00
Bank Accounts 1858305.00
Axis Bank 1858305.00
Sales Accounts 1314700.00
Sales Acoount 1314700.00
Purchase Accounts 2331760.00
Intrastate Purchase 2331760.00
Indirect Expenses 1236818.00
Deprication on Computer 3776.00
Deprication on Furniture 10792.00
Interest on Loan 350000.00
IT Fees 3000.00
Office Expenses 3250.00
Preliminary Expenses 50000.00
Rent 200000.00
Royalty Fees 400000.00
SAP Fees 200000.00
Security Expenses 16000.00
Grand Total 8099472.44 8099472.44
 Amar Furniture
Trial Balance
1-Apr-22 to 31-Mar-23
Amar Furniture
Particulars 1-Apr-22 to 31-Mar-23
Closing Balance
Debit Credit
Capital Account 1087000.00
Capital Account 1087000.00
Current Liabilities 5000.00
Sundry Creditors
Rent Outstanding 5000.00
Fixed Assets 130000.00
Furniture A/c 45000.00
Machinery Account 85000.00
5760 Current Assets 712000.00
8231 Opening Stock
Sundry Debtors
Cash-in-Hand 32000.00
Cash 32000.00
Bank Accounts 680000.00
Bank Account 680000.00
Sales Accounts 350000.00
Sale Account 350000.00
Purchase Accounts 500000.00
Purchase of Goods 500000.00
Direct Expenses 3000.00
Wages Account `
Indirect Incomes 40000.00
Discount Received 30000.00
Interest Income 10000.00
Indirect Expenses 50000.00
Bad Debts Account 10000.00
Deprication on Furniture 5000.00
Deprication on Machinery 15000.00
Rent Account 10000.00
Salary Account 10000.00
Profit & Loss A/c 87000.00
Grand Total 1482000.00 1482000.00