Photocopiable proforma layouts

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1 Photocopiable proforma layouts These pages may be photocopied for studet use. The forms ad formats iclude: icome statemet of a sole trader balace sheet of a sole trader icome statemet of a limited compay balace sheet of a limited compay cash budget ledger accouts ivoice Osbore Books Limited 2012 Published by Osbore Books Limited Tel books@osborebooks.co.uk

2 SOLE TRADER: INCOME STATEMENT INCOME STATEMENT OF FOR THE YEAR/PERIOD ENDED. Reveue Less Sales returs Net reveue Opeig ivetories Purchases Carriage i Less Purchases returs Net Purchases Less Closig ivetories Cost of sales Gross profit Add icome: eg Discouts received Reductio i provisio for doubtful debts Bad debts recovered Profit o sale of o-curret assets Less expeses: eg Vehicle ruig expeses Ret Rates Heatig ad lightig Telephoe Salaries ad wages* Discouts allowed Carriage out Provisio for depreciatio of o-curret assets Loss o sale of o-curret assets Bad debts writte off Icrease i provisio for doubtful debts Profit/(loss) for the year *Wages are sometimes listed as a expese i the tradig sectio of the icome statemet

3 SOLE TRADER: BALANCE SHEET BALANCE SHEET OF... AS AT... No-curret Assets Cost Depreciatio Net book value Property Equipmet Vehicles etc Curret Assets Ivetories Trade receivables Less provisio for doubtful debts Prepaymet of expeses (other receivables) Accrual of icome (other receivables) Bak/cash (cash ad cash equivalets) Less Curret Liabilities Trade payables Accrual of expeses (other payables) Prepaymet of icome (other payables) Bak overdraft Net Curret Assets or Workig Capital Less No-curret Liabilities Loas NET ASSETS FINANCED BY Capital Opeig capital Add Profit/(Less Loss) for the year Less Drawigs Practical poit: Whe preparig hadwritte fial accouts it is usual practice to uderlie all the headigs ad subheadigs show i bold prit i the example layout.

4 LIMITED COMPANY: INCOME STATEMENT LIMITED INCOME STATEMENT FOR THE YEAR/PERIOD ENDED Reveue Opeig ivetories Purchases Less Closig ivetories Cost of sales Gross profit Less Overheads: Distributio costs Sales ad marketig expeses Admiistratio costs Profit/(loss) from operatios Less Fiace costs Profit/(loss) before tax Less Tax Profit/(loss) for the year STATEMENT OF CHANGES IN EQUITY (EXTRACT) Retaied earigs Balace at start of year Profit for the year Less Divideds paid i year Balace at ed of year

5 LIMITED COMPANY: BALANCE SHEET LIMITED BALANCE SHEET AS AT. No-curret Assets Cost/Reval Depreciatio Net book value Itagible Goodwill Property, plat ad equipmet Property Machiery Fixtures ad fittigs etc Curret Assets Ivetories Trade ad other receivables Cash ad cash equivalets Less Curret Liabilities Trade ad other payables Bak overdraft Tax liabilities Net Curret Assets or Workig Capital Less No-curret Liabilities Debetures NET ASSETS EQUITY Authorised Share Capital x (umber) ordiary shares of x (omial value) each Issued Share Capital x (umber) ordiary shares of x (omial value) each, fully/partly paid Capital Reserves Share premium Revaluatio reserve Reveue Reserve Retaied earigs TOTAL EQUITY Note: the balace sheet ca be preseted usig a umber of colums, as required.

6 Name: CASH BUDGET for period: moth: Icome Receipts from trade receivables Cash sales TOTAL INCOME Expediture Paymets to trade payables Purchase of o-curret assets Operatig expeses Loa repaymet TOTAL EXPENDITURE NET CASHFLOW Opeig Balace Closig Balace

7 LEDGER ACCOUNTS Dr Date Details Amout Date Details Amout Cr Dr Date Details Amout Date Details Amout Cr Dr Date Details Amout Date Details Amout Cr

8 INVOICE INVOICE from ivoice to ivoice o accout your referece date deliver to product descriptio quatity uit uit total trade et code price discout % terms TOTAL

Published financial statements of limited companies

Published financial statements of limited companies 3 Published fiacial statemets of limited compaies this chapter covers... I this chapter we focus o the published fiacial statemets of limited compaies ad look at: the purpose ad compoets of fiacial statemets