Statement of Financial Position

Seite 1

Statement of Financial Position of (Named Person) as at 31 December (Year)

At Cost Agg Depn NBV

£ £ £

Non-Current Assets

Property 50,000 0 50,000

Motor Vehicles 12,000 2,000 10,000

60,000

Current Assets

Closing Inventory 15,000

Trade Receivables 36,000

Less Provision for Bad Debts 4,000 32,000

VAT (only DR balance) 1,000

Bank 6,500

Cash 500

Any Expenses Receivable 3,000

58,000

Less Current Liabilities

Trade Payables 6,000

Bank Overdraft 0

VAT (only CR balance) 0

Any Expenses Payable 5,600 11,600

Working Equity 46,400

Net Assets Employed 106,400

Less Non-Current Liabilities

Bank Loan 8,300

Mortgage 0 8,300

Net Assets 98,100

Financed by:

Equity 36,000

Add Profit for the Year 67,100

103,100

Less Drawings 5,000

Closing Balance 98,100