| FIXEDASSETS | COST | DEPRECIATION | NET |
|---|---|---|---|
| f. | |||
| Land 8 Buildings | 553,792 | 553,792 | |
| Improvements to Property |
27,670 | 27,670 | |
| Fixture 8 Fittings | 23,811 | 23,810 | 1 |
| Equiptments | 12,175 | 12,174 | 1 |
| 581,464 | |||
| CURRENT ASSETS | |||
| HSBC Bank | 244 | ||
| RBSBank C/A | 309370 | ||
| Cash in Hand | 71109 | ||
| 380723 | |||
| DEDUCT: CURRENT LIABILITIES | |||
| Sundry Creditors |
155 | -155 | 380,568 |
| 962,032 | |||
| FINANCED BY: | |||
| Capital Account | |||
| Balance b/f | 903586 | ||
| Add: Excess of Income | 58,446 | ||
| 962032 |
| LESS:EXPENDITURE | |
|---|---|
| Wages 8 Salaries | 34650 |
| Rates &Insurance | 601 |
| Heat & Light | 120?6 |
| Post 8 Printing | 150 |
| Licence fees | 75 |
| Repairs & Maintenance | 7421 |
| Clean & Hygiene | 430 |
| Telephone | 267 |
| Bank charges | 934 |
| Accountancy fees |
150 |
| Depreciation | 360 |
| INCOME TAX COMPUTATION BASED UPON THE ACCOUNTS |
|---|
| FOR THE YEAR ENDED 31ST DECEMBER 2022 |
| Profit per Accounts | 58,446 | |
|---|---|---|
| Add: Expenses attributable | to private use: | |
| Depreciation | ||
| Motor Expenses (10%BU) | ||
| NET ADJUSTED PROFIT | 58,446 | |
| Less: CAPITAL ALLOWANCES | ||
| NET ADJUSTED PROFIT | FOR 2022/23 | 58,446 |