Balance Sheet
As on 32 Ashadh 2081
Particulars Schedule Current Year (Nrs) Previous Year (Nrs)
Sources of Fund
Share Capital 1 (68,395.25) 69,007.00
Reserve & Surplus 2 - -
Secured Loans 3 - -
Unsecured Loans 4 150,000.00 -
Other Liabilities 5 12,880.00 10,880.00
Total 94,484.75 79,887.00
Application of Fund
Fixed Assets 6 46,731.75 34,875.00
Investments 7 - -
Account Receivables 8 - -
Cash and Bank Balance 9 44,187.00 45,012.00
Advance and Deposits 10 3,566.00 -
Other Assets 11 - -
Pre-operative Expenses 12 - -
Total 94,484.75 79,887.00
Schedule 1 to 13 are integral parts of these financial statements As per our report of even date
Particulars Current Year (Nrs) Previous Year (Nrs)
Cash Flows from Operating Activities
Net Profit as per P & L Account (137,402.25) (2,385.00)
Add: Depreciation 15,577.25 11,625.00
Less: Increase in advance and deposits 3,566.00 -
Less: Decrease in current Liabilities 2,000.00 (1,370.00)
Cash flow from Operating Activities (123,391.00) 7,870.00
Cash Flows from Investing Activities
Purchase of Fixed Assets (27,434.00) -
(27,434.00) -
Cash Flows from Financing Activities
Loan from Partner 150,000.00 -
150,000.00 -
Net Cash Increase/(Decrease) in Cash and Cash Equivalent -825.00 7,870.00
Cash or Cash Equivalent at the beginning of the year 45,012.00 37,142.00
Cash or Cash Equivalent at the end of the year 44,187.00 45,012.00
Schedule: 1 Share Capital Capital Ashadh 2080
Particulars Current Year (Nrs) Previous Year (Nrs)
Opening Balance 69,007.00 71,392.00
Add: Capital Share Issued - -
Less: Drawings - -
Add/(Less): Profit/ (loss) during the year (137,402.25) (2,385.00)
Partner's Capital Balance (68,395.25) 69,007.00
Schedule: 2 Reserve & Surplus
Particulars Current Year (Nrs) Previous Year (Nrs)
Accumulated reserve & profits - -
Total - -
Schedule: 3 Secured Loans
Particulars Current Year (Nrs) Previous Year (Nrs)
- -
Total - -
Schedule: 4 Unecured Loans
Particulars Current Year (Nrs) Previous Year (Nrs)
Loan from Partner 150,000.00 -
Total 150,000.00 -
Schedule: 5 Other Liabilities
Particulars Current Year (Nrs) Previous Year (Nrs)
Audit Fees Payable 8,500.00 8,500.00
TDS Payable on Rent 2,400.00 580.00
TDS Payable on Audit Fees 1,500.00 1,500.00
TDS Payable on Salary 480.00 300.00
Total 12,880.00 10,880.00
Schedule: 7 Investments
Particulars Current Year (Nrs) Previous Year (Nrs)
- -
Total - -
Schedule: 8 Account Receivables
Particulars Current Year (Nrs) Previous Year (Nrs)
- -
Total - -
Schedule: 9 Cash and Bank Balance
Particulars Current Year (Nrs) Previous Year (Nrs)
Cash Balance 44,187.00 45,012.00
Total 44,187.00 45,012.00
Schedule: 10 Advance and deposits
Particulars Current Year (Nrs) Previous Year (Nrs)
VAT 3,566.00 -
Total 3,566.00 -
Schedule: 11 Other Assets
Particulars Current Year (Nrs) Previous Year (Nrs)
- -
Total - -
Schedule: 12 Pre-operative Expenses
Particulars Current Year (Nrs) Previous Year (Nrs)
- -
Total - -
Profit and Loss Account
Particulars Current Year (Nrs) Previous Year (Nrs)
Income
Audit Fees 35,500.00 151,475.00
Miscellaneous Income 400.00 -
Total Income (A) 35,900.00 151,475.00
Expenses
Salary 48,000.00 30,000.00
House Rent 24,000.00 24,000.00
Printing & Stattionery 17,560.00 12,540.00
Business Promotion Expenses 7,520.00 4,500.00
Audit Fees 10,000.00 10,000.00
Office Expenses 18,552.00 12,150.00
Renewal of COP 9,750.00 8,500.00
Water & Electricity 13,800.00 15,000.00
Depreciation 15,577.25 11,625.00
Telephone & Fax 8,543.00 25,545.00
Total Expenses (B) 173,302.25 153,860.00
Net Profit (A - B) (137,402.25) (2,385.00)
Balance transferred to partner's capital account (137,402.25) (2,385.00)
Schedule-6
Fixed Assets
Particulars Dep. Rate Gross Block Depreciation Unabsorbed Net Block
Absorbed Up to
As at 01.04 Addition during Total Previous Current Year Total Addition As at As at
the year Year 31.03.2081 31.03.2080
Block B
Furniture & Fixtures 25% 42,250.00 27,434.00 69,684.00 23,392.19 11,572.95 34,965.14 - 34,718.86 18,857.81
Computers 25% 32,150.00 - 32,150.00 16,132.81 4,004.30 20,137.11 - 12,012.89 16,017.19
Total of Block B 74,400.00 27,434.00 101,834.00 39,525.00 15,577.25 55,102.25 - 46,731.75 34,875.00
Grand Total 74,400.00 27,434.00 101,834.00 39,525.00 15,577.25 55,102.25 - 46,731.75 34,875.00
