Balance Sheet report Report Description Reports List Balance Sheet As of December 2010 Assets Cash Accounts Bank Account £13,719.83 Petty Cash £100.00 Total Cash Accounts £13,819.83 Stock Raw Materials £3,400.00 Finished Goods £75,141.50 Total Stock £78,541.50 Trade Debtors £37,264.78 Deposits Paid Suppliers £100.00 Office Equipment Office Equip., Original Cost £12,000.00 Office Equip., Amortisation (£4,125.00) Total Office Equipment £7,875.00 Vehicles, Original Cost £32,000.00 Vehicles, Amortisation (£17,000.00) Total Vehicles £15,000.00 Other Assets £500.00 Total Assets £153,101.11 Liabilities Credit Cards American Express £3,200.00 Visa £1,000.00 Total Credit Cards £4,200.00 Trade Creditors £10,627.02 Bank Indebtedness £100,000.00 VAT Liabilities VAT 1 Collected £2,414.58 VAT 2 Collected £2,348.68 Total VAT Liabilities £4,763.26 Payroll Liabilities Payroll Liabilities £13,919.25 Payroll Tax Payable £105.00 Holiday Payable £1,267.50 Total Payroll Liabilities £15,291.75 Deposits from Customers £500.00 Total Liabilities £135,382.03 Capital Paid in Capital £110,000.00 Retained Earnings (£88,510.92) Current Year Earnings (£3,770.00) Total Capital £17,719.08 Total Liability & Capital £153,101.11
