Particulars | Note No. | Amount (Rs.) |
I. Equity and Liabilities
a) Share capital |
1 |
35,90,000 |
Particulars | Amount (Rs.) | Amount (Rs.) | |
1. Share capital Authorised share capital 50,000 equity shares of Rs. 100 each Issued capital 40,000 equity shares of Rs. 100 each
Subscribed and fully paid up capital 35,500 equity shares of Rs. 100 each fully paid
Subscribed but not fully paid-up capital 300 equity shares of Rs. 100 each fully called up Less: Calls-in-arrears (300 x 20)
Add: Share forfeiture A/c (200 shares x Rs. 80) |
|
30,000 (6,000) 24,000 16,000 |
50,00,000 |
40,00,000 | |||
35,50,000
40,000 | |||
| 35,90,000 |
VI as on March 31, 2013: | Rs. |
8% Debentures | 10,00,000 |
Equity share capital | 50,00,000 |
Securities premium | 20,000 |
Preliminary expenses | 40,000 |
Statement of Profit & Loss (cr.) | 1,50,000 |
Discount on issue of 8% debentures (Amount to be written in next 4 years approx.) | 40,000 |
Loose tools | 20,000 |
Bank balance | 60,000 |
Cash in Hand | 38000 |
Particulars | Note No. | Amount (Rs.) |
I. Equity and Liabilities |
|
|
1. Shareholders’ Funds |
|
|
a) Share capital |
| 50,00,000 |
b) Reserve and surplus | 1 | 1,30,000 |
2. Non-current Liabilities |
|
|
a) Long-term borrowings | 2 | 10,00,000 |
II. Assets |
|
|
1. Non-current assets |
|
|
a) Other non-current assets | 3 | 30,000 |
2. Current assets |
|
|
a) Inventories | 4 | 20,000 |
b) Cash and cash equivalents | 5 | 98,000 |
c) Other current assets | 6 | 10,000 |
Securities premium 20,000 Less: Preliminary expenses (40,000)
Statement of profit and loss
2. Long term borrowings 8% debentures
3. Other non-current assets Discount on issue of 8% debentures ( of Rs. 40,000)
4. Inventory Loose tools
5. Cash and cash equivalents Bank balance Cash in hand
6. Other current assets Discount on issue of 8% debentures (40000/4) |
(20,000)
1,50,000
60,000 38,000
|
1,30,000
10,00,000
30,000
20,000
98,000
10,000 |
Particulars | Note No. | 31st March 2012 (Rs.) | 31st March 2013 (Rs.) |
I. Equity and Liabilities 1. Shareholders’ Funds Reserve and surplus |
1 |
2,00,000 |
5,00,000 |
Particulars | Amount (Rs.) |
1. Reserve and surplus |
|
General Reserve (1 April, 2012) | 5,00,000 |
Less: Statement of profit and loss(Dr Balance) | (3,00,000) |
|
|
| 2,00,000 |
Particulars | Amount Rs. | Particulars | Amount Rs. |
Preliminary expenses | 2,40,000 | Goodwill | 30,000 |
Discount on Issue of shares | 20,000 | Loose Tools | 12,000 |
10% Debentures | 2,00,000 | Motor vehicles | 4,75,000 |
Stock in trade | 1,40,000 | Provision for tax | 16,000 |
Cash at bank | 1,35,000 |
|
|
Bills receivables | 1,20,000 |
|
|
| Notes | Current Year | Previous Year |
(in Rs.) | (in Rs.) | ||
EQUITY AND LIABILITIES |
|
|
|
Non-current Liabilities |
|
|
|
Long Term Borrowings | 1 | 2,00,000 |
|
|
|
|
|
Current Liabilities |
|
|
|
Short Term Borrowings | 2 | 16,000 |
|
|
|
|
|
Total |
|
|
|
|
|
|
|
ASSETS |
|
|
|
Non-current Assets |
|
|
|
Fixed Assets | 3 |
|
|
Tangible Assets |
| 4,75,000 |
|
Intangible Assets |
| 30,000 |
|
Other Non-current Assets | 4 | 2,60,000 |
|
|
|
|
|
Current Assets |
|
|
|
Inventories | 5 | 1,50,000 |
|
Trade Receivables | 6 | 1,20,000 |
|
Cash and Cash Equivalents | 7 | 1,35,000 |
|
|
|
|
|
Total |
|
|
|
|
|
|
10% Debentures |
| 2,00,000 |
2. Short Term Borrowings |
|
|
Provision for Taxation |
| 16,000 |
3. Fixed Assets |
|
|
Tangible |
|
|
Motor Vehicle | 4,75,000 |
|
Intangible |
|
|
Goodwill | 30,000 | 5,05,000 |
4. Other Non-current Assets |
|
|
Preliminary expenses | 2,40,000 |
|
Discount on Issue of shares | 20,000 | 2,60,000 |
5. Inventories |
|
|
Stock in Trade | 1,40,000 |
|
Loose Tools | 12,000 | 1,52,000 |
6. Trade Receivables |
|
|
Bills Receivable |
| 1,20,000 |
7. Cash and Cash Equivalents |
|
|
Cash at Bank |
| 1,35,000 |
Balances | Rs. | Rs. |
Plant and Machinery | 1,60,000 |
|
Land | 6,74,000 |
|
Depreciation on Plant and Machinery | 16,000 |
|
Purchases (Adjusted) | 4,00,000 |
|
Closing stock | 1,50,000 |
|
Wages | 1,20,000 |
|
Sales (Net) |
| 10,00,000 |
Salaries | 80,000 |
|
Bank overdraft |
| 2,00,000 |
10% debentures (issued on 1st April, 2012) |
| 1,00,000 |
Equity share capital– shares of Rs. 100 each (fully paid) |
| 2,00,000 |
Preference share capital– 1,000; 6% shares of Rs. 100 each (fully paid) |
| 1,00,000 |
|
|
|
16,00,000 | 16,00,000 |
Particulars | Note No. | Amount (Rs.) |
Revenue from operations (Sales) Total II. Expenses Cost of materials consumed (Adjusted purchase) Employees benefit expenses
Finance cost Depreciation and amortisation Total Profit before tax (I-II) |
1 |
10,00,000 |
10,00,000 | ||
4,00,000 2,00,000
10,000 16,000 | ||
6,26,000 | ||
3,74,000 |
Particulars | Amount Rs. | Amount Rs. |
Employee Benefit Expenses |
|
|
(i) Wages | 1,20,000 |
|
(ii) Salary | 80,000 | 2,00,000 |
| Dr. | Cr. | ||||
Authorised Share capital divided into 8,000, 6% preference shares of Rs100 each and 20,000 equity shares of Rs100 each |
|
28,00,000 | ||||
Subscribed Capital |
|
| ||||
5,000 6% preference shares of Rs100 each |
| 5,00,000 | ||||
Equity Share Capital |
| 8,00,000 | ||||
Capital Reserve |
| 5,000 | ||||
Purchases - Coco, Tea, Coffee | 58,800 |
| ||||
- Bakery products | 36,200 |
| ||||
Wages and Salary | 15,300 |
| ||||
Rent, Rates and Taxes | 8,900 |
| ||||
Laundry | 750 |
| ||||
Sales - Coco, Tea and Coffee |
| 82,000 | ||||
- Bakery products |
| 44,000 | ||||
Coal and Firewood | 3,290 |
| ||||
Carriage | 810 |
| ||||
Sundry Expenses | 5,840 |
| ||||
Advertising | 8,360 |
| ||||
Repair | 4,250 |
| ||||
Rent of Rooms |
| 48,000 | ||||
Receipt from Billiards |
| 5,700 | ||||
Miscellaneous Receipts |
| 2,800 | ||||
Discount Received |
| 3,300 | ||||
Transfer Fee |
| 700 | ||||
Freehold Land and Building | 8,50,000 |
| ||||
Furniture and Fittings | 86,300 |
| ||||
Stock on hand, 1st April, 2011 |
|
| ||||
Coco, Tea, Coffee | 12,800 |
| ||||
Bakery products | 5,260 |
| ||||
Cash in Hand | 2,200 |
| ||||
Cash with Bank | 76,380 |
| ||||
Preliminary Expenses | 8,000 |
| ||||
2000, 8% debentures of Rs100 each |
| 2,00,000 | ||||
Profit and Loss Account |
| 41,500 | ||||
Sundry Creditors |
| 42,000 | ||||
Sundry Debtors | 19,260 |
| ||||
Investment | 2,72,300 |
| ||||
Goodwill at Cost | 5,00,000 |
| ||||
General Reserve |
| 2,00,000 | ||||
| 19,75,000 | 19,75,000 | ||||
Additional information: |
|
| ||||
Coco, Tea & Coffee Rs 22,500 Bakery Products Rs 16,400 3. Provide 5% depreciation on Furniture and Fittings and 2% on Land and Building |
|
| ||||
| Notes | Current Year |
(in Rs.) | ||
EQUITY AND LIABILITIES |
|
|
Shareholders Fund |
|
|
Share Capital | 1 | 13,00,000 |
Reserves & Surplus | 2 | 1,75,745 |
Money Received against Warrants |
|
|
|
|
|
Share Application Money pending allotment |
|
|
|
|
|
Non-current Liabilities |
|
|
Long Term Borrowings | 3 | 2,00,000 |
|
|
|
Current Liabilities |
|
|
Trade Payables | 4 | 46,280 |
Short Term Provisions | 5 | 1,10,000 |
|
|
|
Total |
| 18,32,025 |
|
|
|
ASSETS |
|
|
Non-current Assets |
|
|
Fixed Assets | 6 |
|
Tangible Assets |
| 9,14,985 |
Intangible Assets |
| 5,00,000 |
Non-current Investments |
| 2,72,300 |
|
|
|
Current Assets |
|
|
Inventories | 7 | 38,900 |
Trade Receivables |
| 19,260 |
Cash and Cash Equivalents | 8 | 78,580 |
Other Current Assets | 9 | 8,000 |
|
|
|
Total |
| 18,32,025 |
Particulars | Notes | Amount (Rs) |
I Revenue from Operations | 10 | 1,79,700 |
II Other Receipts | 11 | 6,800 |
III Total Revenue (I + II) |
| 1,86,500 |
IV Expenses |
|
|
Purchase of Stock in Trade | 12 | 95,000 |
Change in Inventories of Finished Goods | 13 | (20,840) |
Employee Benefit Expenses | 14 | 19,580 |
Finance Costs | 15 | 16,000 |
Depreciation and Amortization Expenses | 16 | 21,315 |
Other Operating Expenses | 17 | 32,200 |
Total expenses |
| 1,63,255 |
|
|
|
V Profit(Loss) for the period (III-IV) |
| 23,245 |
Balance from Previous Years |
| 41,500 |
Transfer from General Reserve |
| 29,255 |
Less: Proposed Dividend |
|
|
- Preference Share Capital @6% |
| 30,000 |
- Equity Share Capital @ 8% |
| 64,000 |
Profit (Loss) carried to Balance Sheet |
| 0 |
Particulars | Current Year | Previous Year |
1. SHARE CAPITAL |
|
|
Authorised Share Capital : |
|
|
20,000, Equity Shares of Rs.100 each | 20,00,000 |
|
8,000, 6% Preference Shares of Rs. 10 each | 8,00,000 | 28,00,000 |
Issued Subscribed and Paid Up Capital : |
|
|
8,000, Equity Shares of Rs.100 each | 8,00,000 |
|
5,000, 6% Preference Shares of Rs. 10 each | 5,00,000 |
|
Total |
| 13,00,000 |
|
|
|
2. RESERVES & SURPLUS |
|
|
Capital Reserve |
| 5,000 |
General Reserve | 2,00,000 |
|
Less: Amount used to pay dividend(Equity + Preference) | (29,255) | 1,70,745 |
|
|
|
Total |
| 1,75,745 |
|
|
|
3. LONG TERM BORROWINGS |
|
|
2,000, 8% Debentures of Rs 100 each |
| 2,00,000 |
|
|
|
4. TRADE PAYABLES |
|
|
|
|
|
Sundry Creditors |
| 42,000 |
Wages & Salaries Outstanding |
| 4,280 |
|
|
|
Total |
| 46,280 |
|
|
|
5. SHORT TERM PROVISIONS |
|
|
Interest on debentures |
| 16,000 |
Proposed Dividend- Preference |
| 30,000 |
Proposed Dividend- Equity |
| 64,000 |
|
|
|
Total |
| 1,10,000 |
|
|
|
6. FIXED ASSETS |
|
|
Tangible |
|
|
Freehold Land & Building | 8,50,000 |
|
Less: Depreciation | (17,000) | 8,33,000 |
|
|
|
Furniture | 86,300 |
|
Less: Depreciation | (4,315) | 81,985 |
|
| 9,14,985 |
Intangible Assets |
|
|
Goodwill |
| 5,00,000 |
|
|
|
Total Assets |
| 14,14,985 |
|
|
|
7. INVENTORIES |
|
|
Coco, Tea & Coffee |
| 22,500 |
Bakery Products |
| 16,400 |
|
|
|
Total |
| 38,900 |
|
|
|
8. Cash & Cash Equivalents |
|
|
Cash in Hand |
| 2,200 |
Balance at Banks |
| 76,380 |
|
|
|
Total |
| 78,580 |
|
|
|
9. OTHER CURRENT ASSETS |
|
|
Preliminary & Formation Expense |
| 8,000 |
|
|
|
10. REVENUE FROM OPERATIONS |
|
|
Revenue from Sale of Products |
|
|
- Coco, Tea & Coffee | 82,000 |
|
- Bakery Products | 44,000 | 1,26,000 |
Revenue from Sale of Services |
|
|
- Rent of Rooms | 48,000 |
|
- Receipt from Billiars | 5,700 | 53,700 |
|
|
|
Total |
| 1,79,700 |
|
|
|
11. OTHER INCOME |
|
|
|
|
|
Miscellaneous Receipts |
| 2,800 |
Discount Received |
| 3,300 |
Transfer Fee |
| 700 |
|
|
|
Total |
| 6,800 |
|
|
|
12. PURCHASE OF STOCK IN TRADE |
|
|
|
|
|
Coco, Tea and Coffee |
| 58,800 |
Bakery Products |
| 36,200 |
|
|
|
Total |
| 95,000 |
|
|
|
13. (INCREASE)/ DECREASE IN INVENTORIES |
|
|
Coco, Tea, Coffee |
|
|
Opening Stock | 12,800 |
|
Less: Closing Stock | (22,500) | (9,700) |
|
|
|
Bakery Products |
|
|
Opening Stock | 5,260 |
|
Less: Closing Stock | (16,400) | (11,140) |
|
|
|
Total |
| (20,840) |
|
|
|
14. EMPLOYEE BENEFIT EXPENSES |
|
|
|
|
|
Wages & Salaries |
| 15,300 |
Add: Outstanding Wages and Salaries |
| 4,280 |
|
| 19,580 |
Total |
|
|
|
|
|
15. FINANCE COSTS |
|
|
|
|
|
Interest on Debentures |
| 16,000 |
|
|
|
16. DEPRECIATION & AMORTISATION EXPENSE |
|
|
Land & Building |
| 17,000 |
Furniture & Fittings |
| 4,315 |
Total |
| 21,315 |
|
|
|
17. OTHER EXPENSES |
|
|
Rent Rates and Taxes |
| 8,900 |
Coal and Firewood |
| 3,290 |
Laundry |
| 750 |
Carriage |
| 810 |
Repair |
| 4,250 |
Sundry Expenses |
| 5,840 |
Advertising Expense |
| 8,360 |
Total |
| 32,200 |
Particulars | Rs | Particulars | Rs |
Stock | 68,000 | Equity Shares Capital(Shares of Rs10 each) | 2,50,000 |
Furniture & Fixtures | 50,000 | 11% Debentures | 50,000 |
Discount | 4,000 | Bank Loans | 64,500 |
Loan to Directors | 8,000 | Bills Payable | 12,500 |
Advertisement | 2,000 | Creditors | 15,600 |
Bad Debts | 3,500 | Sales | 4,26,800 |
Commission | 12,000 | Rent Received | 4,600 |
Purchases | 231,900 | Transfer Fees | 1,000 |
Plant and Machinery | 86,000 | Profit & Loss Appropriation Account | 13,900 |
Rentals | 2,500 | Provision for Depreciation on Plant & Machinery |
14,600 |
Current Account | 4,500 |
|
|
Cash | 800 |
|
|
Interest on Bank Loan | 11,600 |
|
|
Preliminary Expenses | 1,000 |
|
|
Wages | 90,000 |
|
|
Consumables | 8,400 |
|
|
Freehold Land | 1,54,600 |
|
|
Tools and Equipments | 24,500 |
|
|
Goodwill | 26,500 |
|
|
Debtors | 28,700 |
|
|
Bills Receivables | 15,300 |
|
|
Dealer Aids | 2,100 |
|
|
Transit Insurance | 3,000 |
|
|
Trade Expenses | 7,200 |
|
|
Distribution Freight | 5,400 |
|
|
Debentures Interest | 2,000 |
|
|
| 8,53,500 |
| 8,53,500 |
Particulars | Note | Amount (Rs) | |
I Equity and Liabilities |
|
| |
1. Shareholders’ Fund |
|
| |
(a) Share Capital | 1 | 2,50,000 | |
(b) Reserve and Surplus | 2 | 68,183 | |
2. Non-Current Liabilities |
|
| |
(a) Long Term Liabilities | 3 | 1,14,500 | |
3. Current liabilities |
|
| |
(a) Trade Payables | 4 | 28,100 | |
TOTAL |
| 4,60,783 | |
II Assets |
|
| |
1. Non-Current Assets |
|
| |
(a) Fixed Assets |
|
| |
(i) Tangible Fixed Assets | 5 | 2,93,683 | |
(ii) Intangible Assets (Goodwill) |
| 26,500 | |
2. Current Assets |
|
| |
(a) Inventories |
| 82,300 | |
(b) Trade Receivables |
| 28,700 | |
(c) Cash and Cash Equivalents | 6 | 5,300 | |
(d) Short Term Loan and Advances | 7 | 23,300 | |
(e) Other Current Assets |
| 1,000 | |
TOTAL |
| 4,60,783 | |
|
|
| |
Particulars Notes | Amount (Rs) |
I Revenue from Operations | 4,26,800 |
II Other Receipts 8 | 5,600 |
III Total Revenue (I + II) | 4,32,400 |
IV Expenses |
|
Purchase of Stock in Trade 9 | 2,31,900 |
Change in Inventories of Finished Goods 10 | (14,300) |
Employee Benefit Expenses 11 | 90,000 |
Finance Costs 12 | 13,600 |
Depreciation and Amortization Expenses 13 | 6,817 |
Other Operating Expenses 14 | 50,100 |
|
|
Total Expenses | 3,78,117 |
V Profit (Loss) for the Period (III-IV) | 54,283 |
Balance from Previous Years | 13,900 |
Profit (Loss) carried to Balance Sheet | 68,183 |
|