Notes
Statement of Financial Position
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Page 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
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- Kay Blackhall
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