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BTEC Business Level 3 Unit 5 P4 (b)
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BTEC Business Level 3 Unit 5 P4 (b)
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Balance sheet for Supreme Sports Ltd at 31st December 2014 Daniil Chernatcost depreciation net value
£ £ £
Fiexed assets
premises 0 0 0
fixtures and fittings 50000 5000 45000
vechicles 50000 5000 45000
Total fixed assets 90000
current assets
stock 45000
debators 20000
cash at bank 45000
cash in hand 600
total current assets 110600
less current liablities
creditors 50000
overdraf 5000
total current liabilities 55000
working capital 55600
long term liabilities
bank loans 50000
total long term liabilitites 50000
net assets employed 195600
financed by
Capital 150000
retained profit 45600
capital employed 195600
P4 achieved. You have completed a twelve month balance sheet. Well done
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