| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Income: Sales ofsecondhand | Furniture | 38209 | 60623 | ||||
| .OST OF SALE | |||||||
| Opening Stock | 5600 | NIL | |||||
| Purchases | 8353 | 2243 | |||||
| 13953 | 2243 | ||||||
| Less; Closing stock | (9300) | (5600) | |||||
| 4653 | (3357) | ||||||
| Direct Cost: Consultancy |
Fee | 20165 | 13069 | ||||
| Tutors &Open day Courses | 9880 | 34698) | 13455 | (23167 | |||
| Gross Profit | 3511 | 37456 | |||||
| Other Income: Grants Received | 29970 | NIL | |||||
| 33481 | 37456 | ||||||
| Less Ex endlture: | |||||||
| Container &Space Rent | 5623 | 3000 | |||||
| Light &Heat | 1296 | 1875 | |||||
| Telephone &Broadband | 3IO | 398 | |||||
| Printing, Postage &Stationery |
1980 | 156 | |||||
| Insurance | 636 | 432 | |||||
| Subscription &Fees |
869 | 772 | |||||
| Motor Expenses, Travelling | &Subsistence | 5212 | 2612 | ||||
| Advertsing &Promotion |
1383 | 4411 | |||||
| Gift &Donation | 5200 | 8759 | |||||
| Renovation, Repairs &Renewal |
9864 | 10931 | |||||
| Skip &Plant Hire | 816 | 1318 | |||||
| Recuritment Agency Fee |
4672 | NIL | |||||
| Bookkeeping charges |
176 | NIL | |||||
| Accountancy fee |
90 | 832 | |||||
| General Expenses | 314 | 679 | |||||
| Depreciation Charges |
1207 | 39648) | 494 | 36669 | |||
| (6167) | (787) | ||||||
| Financial Cost | |||||||
| Card Machine Rental &Charges | 1030 | 721 | |||||
| Company House |
13 | 1043 | NIL | 721 | |||
| Surplus / Deficit for the Year |
(22363 | 66 |
| 2020 | 20]9 | |||||
|---|---|---|---|---|---|---|
| FIXEDASSETS | ||||||
| Tangible Assets | ||||||
| ONce Equpnmnt &Fixtures |
2378 | 2150 | ||||
| Computer for store |
3ll9 | 5497 | NIL | 2150 | ||
| CURRENT ASSETS | ||||||
| Stock | 9300 | 5600 | ||||
| Trade Debtors &Prepayments | NIL | l44 | ||||
| Cash at Bank | 25459 | 6605 | ||||
| 34759 | l2349 | |||||
| CURRENT LIABILITIES | ||||||
| Trade Creditors | ]3946 | 8305 | ||||
| Sundry Creditors | l2626 | 300 | ||||
| Bank Loan | 15000 | NIL | ||||
| 41572 | 8605 | |||||
| CURRENT ASSETSLESS | ||||||
| CURRENT LIABILITIES | (6813) | 3744 | ||||
| NET BUSINESSASSETS | (1316) | 5694 | ||||
| CAPITAL RESERVE | ||||||
| Balance at 3I-08-20 I9 | 5894 | 5828 | ||||
| Profit &Loss Account | (72 I0) | 66 | ||||
| Balance at 31-08-2020 | (1316) | 5594 |