| ProprietorandProfessionalAdvisers | ,1 |
|---|---|
| Accountant's Report | 2 |
| ProlitandLossAccount | |
| BalanceSheet | 4 |
| Notes to theAccounts | 5-'t2 |
| 2023 | 2022 | ||
|---|---|---|---|
| e | € | ||
| Note | |||
| Turnover | 2 | 467,15'l | 454,797 |
| Coslof sales | 2 | 252,771 | 259,457 |
| Grossprofit | 214,380 | 195,340 | |
| Expenditure | 2 | ||
| Premisescosts | 47,123 | 45,736 | |
| Motor expenses | 23,452 | 22,504 | |
| Officecosts | 2,157 | 1,024 | |
| Legal and protessional | 1,550 | 1,400 | |
| Repairsand maintenance | 39,043 | 16,213 | |
| Depreciation | 29,869 | 32,706 | |
| Profit onthedisposal of rixed assets | (3,204) | ||
| General expenses | 14,546 | 12,806 | |
| Financecharges | 5,887 | 7,960 | |
| 163,6r' | 13?,145 | ||
| Protitlorthe year | 50,753 | 58,195 |
| RFPrice Balance Sheet 31 December 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| cc | |||
| Fixedassets | |||
| Tangibleassets | 4't4,614 | ||
| Current assets Stocks |
5 | 1'19,505 | 93,922 |
| Debtors | 6 | 29,729 | 44 ,414 |
| Cash atbank | (31,049) 118,185 |
(46,441) 91,895 |
|
| Currentliabilities | |||
| Nelcufrentassets | 53,006 | 36,991 | |
| Long-termliabilities | I | (90,920)(116,s60) | |
| Netassets | 376,700332,016 | ||
| Financed by: | |||
| Capitalaccount | I | 376,700 | 332,016 |
| RFPrice Notes tothe Accounts(continued) Yearended 31 December2023 |
||
|---|---|---|
| 2023 | 20?2 | |
| Motor expenses | ||
| Vehicle andplantexpenses | 23,452 | 22,504 |
| 2023 | 2022 | |
| t | L | |
| Oflicecosts | ||
| Printing, postage andstationery | 1,483 | 544 |
| Telephone | 674 | 480 |
| 2023 | 2022 | |
| tt | ||
| Legalandprolessional | ||
| Accountancylees | 1,550 | 1,400 |
| 2023 | 2022 | |
| LT | ||
| Repairsand maintenance | ||
| Repairsand maintenance | 39,043 | 16,213 |
| 2023 | 2022 | |
| e | t | |
| Depreciation | ||
| Depreciation | 29,869 | 32,706 |
| 2023 | 2022 | |
|---|---|---|
| e | I | |
| Profiv(loss)ondisposato{lixedassets | ||
| Profiv(loss)ondisposaloftangiblefixed assets | ||
| 2023 | 2022 | |
| t | I | |
| Generalexpenses | ||
| General insurance | 12,399 | 10,931 |
| Sundryexpenses | 2,147 | 1,875 |
| 14S46 | 11306 | |
| 2023 | 2022 | |
| e | ||
| Financecharges | ||
| Bankcharges | 3,490 | 3,820 |
| Bankloaninterest payable | 2,571 | |
| Hirepulchasefinancecharges | 822 | 1,569 |
| 5,887 | 7,960 |
| 4Tangibleassets | ||||
|---|---|---|---|---|
| Landand | Plant and | l\ilotor | Total | |
| buildings | machinery | vehicles | ||
| 2 | t | L | t | |
| Cost | ||||
| At'1January2023 | 279,962 | 326,498 | 36,593 | 643,053 |
| Additions | 32,898 | 32,898 | ||
| At31December2023 | 279,962 | 359,396 | 36,593 | 675,951 |
| Depreciation | ||||
| At1January 2023 | 40,535 | 155,6,13 | 35,290 | 231,468 |
| Charge | 5,O27 | 24,446 | 396 | 29,869 |
| At31December2023 | 45,562 | 180,089 | 35,686 | 261,337 |
| Netbook value | ||||
| At31December2023 | 234,400 | 179,307 | 907 | 4't4,614 |
| At31December2022 | 239,427 | 170,855 | 1,303 | 411,585 |
| 2023 | 2022 | |
|---|---|---|
| I | r | |
| 1 | 19,505 | 93,922 |
| 6Debtors | ||
|---|---|---|
| 2023 | 2022 | |
| t | e | |
| VATrecoverable | 8,759 | 7,366 |
| Prepayments andaccruedincome | 20,970 | 37,048 |
| 29,729 | 44,414 | |
| 7Currentliabilities | ||
| 2023 | 2022 | |
| t | ||
| Tradecreditors | 4,808 | 838 |
| ObligatlonsunderIinanceleasesandhirepurchase contracts | 36,012 | 39,807 |
| Family loan | 22,859 | 12,859 |
| Accruals | 1,500 | 1,400 |
| 65,179 | 54,904 |
| 2023 | 2022 | ||
|---|---|---|---|
| t | o | ||
| Bank | loans | 41,786 | 67,426 |
| Trade | credltors | 49,134 | 49,134 |
| 90,920 | 116,560 |
| RFPrice Notesto the Accounts(continued) Yearended31December2023 |
||
|---|---|---|
| 9Capitalaccount | ||
| 2023 | 2022 | |
| LT | ||
| At1January2023 | 332,016 | 296,204 |
| Net profitfortheyear | 50,753 | 58,195 |
| Drawings | (6,06e) | (22,383| |
| At3lDecember2023 | 376,700 | 332,016 |