Profit and Loss Account for the year ending 31/3/2015(Alloy Cast Ltd)

Income
Income from operations(A) 21025
Expenses
Website Development 2200
Marketing expenses 350
Administrative cost 8505
Travel expenses 7241
Professional development 650 18946
Depreciation
Tangible assets 112.5
Pocket Projector 412.5 525
Total Expenses(A) 19471
Profit for the year (A-B) 1554

Balance Sheet of Alloy Cast Ltd as on 31/3/2015

Equity Liabilities
Shareholders Funds Opening Cash
Capital 1 Cash Sale
Retained Earnings 1341
Profit for 2014-15 1554 2895 Expenses
2896 Pocket Projector
Closing Cash
Non Current liabilities 0
Current liabilities 240
3136
Assets
Non Current Assets
Tangible Assets 450
Depreciation @25% 112.5
337.5
Pocket Projector 1650
Depreciation @25% 412.5 1237.5
1575
Current Assets
Cash in hand and at bank 1561
3136
 1132
21025
22157
18946
1650
1561
Profit and Loss Account for the year ending 31/3/2016(Alloy Cast Ltd)

Income
Income from operations(A) 51225
Expenses
Salary 40600
Exhibitions Marketing expenses 1000
Business & Legal Insurance policies 450
Travel expenses 1100
Continuing Education & Professional development 1000
Expenses 4500 48650
Depreciation
Tangible assets 84.375
Pocket Projector 309.375 393.75
Total Expenses(A)
Profit for the year (A-B)

Balance Sheet of Alloy Cast Ltd as on 31/3/2016

Equity Liabilities
Shareholders Funds
Capital 1
Retained Earnings 1341
Profit for 2014-15 1554 2895
2896

Non Current liabilities 0

Current liabilities 240
3136
Assets
Non Current Assets
Tangible Assets 450
Depreciation @25% 112.5
337.5
Pocket Projector 1650
Depreciation @25% 412.5 1237.5
1575
Current Assets
Cash in hand and at bank 1561
3136
Opening Cash 1132
Cash Sale 21025
22157
Expenses 18946
Pocket Projector 1650
Closing Cash 1561