Balance Sheet report


Balance Sheet As of December 2011

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