## Profit & Loss 

## Our Angel Bears 

||Period 1:|Period 2:|**Difference**|**Percentage**|
|---|---|---|---|---|
||**Accounting Year**|**Accounting Year**||**change**|
||**2022/23**|**2023/24**|||
|**Turnover**|**171**|**71**|**-100**|**-58%**|
|Sales|171|71|-100|-58%|
|**_less_ Cost of Sales**|**2,207**|**270**|**-1,937**|**-88%**|
|Materials|2,207|270|-1,937|-88%|
|**Gross Profit**|**-2,036**|**-199**|**1,838**|**90%**|
|**_less_ Administration Expenses**|**142**|**2,428**|**2,287**|**1611%**|
|Office Costs|7|5|-2|-29%|
|Web Hosting|36|0|-36|-100%|
|Office Equipment|0|18|18||
|Accommodation|0|2,360|2,360||
|Postage|154|46|-108|-70%|
|Realized Currency Exchange Gain/Loss|-55|0|55|100%|
|**Operating Profit**|-£2,178|-£2,627|**-£449**|**-21%**|
|**_less_ Drawings**|-£744|-£4,013|**-£3,269**|**-439%**|
|**_less_ Profit & Loss journal entries**|£0|£0|**£0**|**0%**|
|**Retained Profit this period:**|-£1,434|£1,386|**£2,820**|**197%**|
|**Retained Profit brought forward:**|-£474|-£1,908|**-£1,434**|**-303%**|
|**Distributable Reserves / Retained Profit carried**|-£1,908|-£522|**£1,386**|**73%**|
|**forward:**|||||



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