## 

## 

## 



## 

## 

|FIXEDASSETS|COST|DEPRECIATION|NET|
|---|---|---|---|
||f.|||
|Land 8 Buildings|553,792||553,792|
|Improvements<br>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<br>Creditors|155|-155|380,568|
||||962,032|
|FINANCED BY:||||
|Capital Account||||
|Balance b/f|903586|||
|Add: Excess of Income|58,446|||
||||962032|





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## 

## 

|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<br>fees|150|
|Depreciation|360|



## 



## 

|INCOME TAX COMPUTATION<br>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|