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MAPPLE LIMITED
PROFIT & LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2010

                                                           2010
                                                   £              £

TURNOVER                                                          60,000

COST OF SALES
PURCHASES                                           8,000
WAGES                                              22,000
                                                   30,000
CLOSING STOCK & WIP                                (5,000)
                                                                  25,000
GROSS PROFIT                                                      35,000

GROSS PROFIT %                                     58.33%

OVERHEADS
RENT & RATES                                           2,100
HEAT & LIGHT                                             600
INSURANCE                                              2,000
REPAIRS & RENEWALS                                       800
MOTOR EXPENSES                                         2,000
TRAVELLING & SUBSISTENCE                               1,000
TELEPHONE                                                500
EQUIPMENT HIRE                                           600
PRINTING, POSTAGE & STATIONERY                           250
SUNDRIES                                                 250
ADVERTISING                                            1,000
WEBSITE COSTS                                            500
BANK CHARGES                                             500
LEGAL & PROFESSIONAL FEES                                400
ACCOUNTANCY FEES                                       1,500
DEPRECIATION                                           3,000
                                                                  17,000
OPERATING PROFIT/(LOSS)                                           18,000

INTEREST PAYABLE AND SIMILAR CHARGES
BANK INTEREST PAYABLE                                   (500)
                                                                      (500)

PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION              17,500

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Profit And Loss Account

  • 1. MAPPLE LIMITED PROFIT & LOSS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2010 2010 £ £ TURNOVER 60,000 COST OF SALES PURCHASES 8,000 WAGES 22,000 30,000 CLOSING STOCK & WIP (5,000) 25,000 GROSS PROFIT 35,000 GROSS PROFIT % 58.33% OVERHEADS RENT & RATES 2,100 HEAT & LIGHT 600 INSURANCE 2,000 REPAIRS & RENEWALS 800 MOTOR EXPENSES 2,000 TRAVELLING & SUBSISTENCE 1,000 TELEPHONE 500 EQUIPMENT HIRE 600 PRINTING, POSTAGE & STATIONERY 250 SUNDRIES 250 ADVERTISING 1,000 WEBSITE COSTS 500 BANK CHARGES 500 LEGAL & PROFESSIONAL FEES 400 ACCOUNTANCY FEES 1,500 DEPRECIATION 3,000 17,000 OPERATING PROFIT/(LOSS) 18,000 INTEREST PAYABLE AND SIMILAR CHARGES BANK INTEREST PAYABLE (500) (500) PROFIT/(LOSS) ON ORDINARY ACTIVITIES BEFORE TAXATION 17,500