Profit And Loss And Balance Sheets Page 8

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Example Of A Balance Sheet
This Year
Last Year
£
£
Fixed Assets
Property
12,000
14,000
Plant and machinery
10,000
12,000
Motor vehicles
6,000
9,000
Office equipment
3,000
4,000
Total fixed assets
31,000
39,000
Current Assets
Stock
8,000
6,000
Debtors/Work in progress
2,000
4,000
Cash
1,000
800
Total current assets
11,000
10,800
Total assets (fixed + current assets)
42,000
49,800
Current Liabilities
Creditors
3,000
13,000
Overdraft
4,000
8,000
Loan
1,500
5,000
Total liabilities
8,500
26,000
Net assets
(total assets - total liabilities)
33,500
23,800
Represented By
Grants invested
20,000
20,000
Accumulated
13,500
3,800
Total
33,500
23,800
P 220

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