Notes to accounts

SCHEDULES FORMING PART OF BALANCE SH

[PROJECTED]
PARTICULARS

AS ON
31/03/2013

PARTNERS CAPITAL CCOUNT

(FOUNDER)
Capital Introduced
Add Profit
Balance c/f to Balance Sheet

2,000.00
365.2
2,365.20

Ram Singh (CO- FOUNDER)

Capital Introduced
Add Profit
Balance c/f to Balance Sheet

2,000.00
365.2
2,365.20

Parth Dave (CO- FOUNDER)

Capital Introduced
Add Profit
Balance c/f to Balance Sheet

2,000.00
365.2
2,365.20

Mandeep Manhas (CO- FOUNDER)

Capital Introduced
Add Profit
Balance c/f to Balance Sheet

2,000.00
365.2
2,365.20

Santosh Pal (CO- FOUNDER)

Capital Introduced
Add Profit
Balance c/f to Balance Sheet

2,000.00
365.2
2,365.20

Rohan Pandav (CO- FOUNDER)

Capital Introduced
Add Profit

2,000.00
365.2

Balance c/f to Balance Sheet

2,365.20

Jaffer Siddiqui (CO- FOUNDER)

Capital Introduced

2,000.00

Add Profit

365.2

Balance c/f to Balance Sheet

2,365.20

Sagar Sirsikar (CO- FOUNDER)

Capital Introduced

2,000.00

Add Profit

365.2

Balance c/f to Balance Sheet

2,365.20

Nitin Singh (CO- FOUNDER)

Capital Introduced

2,000.00

Add Profit

365.2

Balance c/f to Balance Sheet

2,365.20

Partners a/c

21,286.80

PROFIT & LOSS ACCOUNT

SCHEDULE

PARTICULARS

I N CO M E
Sales

EXPENDITURE
5

Cost of Goods Sold

Administrative Expenses

Selling & distribution

Depreciation
Profit Before Taxes
Less Provision For Taxes
Net Profit c/f to partners

Ratio'

Profit & Loss Appropriation account

10%

Rajesh Agarwal

10%

Ram Singh

10%

Parth Dave

10%

Mandeep Manhas

10%

Santosh Pal

10%

Rohan Pandav

10%

Jaffer Siddiqui

10%

Sagar Sirsikar

10%

Nitin Singh

TOTAL

BALANCE SHEET
SCHEDULE

PARTICULARS

SOURCES OF FUNDS

OWNERS FUNDS

Partners Capital Account

BORROWED FUNDS
Secured Loans(from icici bank against our premisies)
Unsecured Loans

RES/SURPLUS
GENRAL RESERVE
APPLICATION OF FUNDS
2

FIXED ASSETS
GROSS BLOCK
(-) DEPRICIATION
NET BLOCK OF CURRENT ASSETS

CURRENT ASSETS, LOANS & ADVANCES

intrest on loan
inventories
sundry debotors
cash at bank
patty cash
other reciables
loans and advances
total current asssets
4

CURRENT LIABILITIES, PROVISIONS

creditors
bills payable
o/s wages
NET CURRENT ASSETS

capital employed

SCHEDULE

PARTICULARS

COST OF GOODS SOLD

Opening Stock of Raw Material
Add Purchases
Less Closing Stock

ADMINISTRATIVE EXPENSES
Electricity Power
Telephone Expenses and other expenses
Partners Salary

7 Selling & Distribution

Advertising

PART OF BALANCE SHEET

[PROJECTED]

[PROJECTED]

AS ON

AS ON

31/03/2014

31/03/2015

2,365.20

2,945.50

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2,945.50

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

2,365.20

2945.5

580.3

2,643.04

2,945.50

5,588.54

26,509.50

50,296.90

OFIT & LOSS ACCOUNT

[PROJECTED]

[PROJECTED]

[PROJECTED]

AS ON

AS ON

AS ON

31/03/2013

31/03/2014

31/03/2015

34,900.00

75,000.00

139,600.00

34,900.00

75,000.00

139,600.00

26,200.00

52,400.00

87,500.00

1,500.00

10,000.00

10,000.00

2,000.00

5000

8000

75

139

118

29,775.00

67,539.00

105,618.00

5,125.00

7,461.00

33,982.00

1,838.00

2,238.30

10,194.60

3,287.00

5,222.70

23,787.40

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

365.2

580.3

2,643.04

3,286.80

5,222.70

23,787.40

BALANCE SHEET
AS ON

AS ON

AS ON

31/03/2013

31/03/2014

31/03/2015

15000000

15000000

15000000

15,000,000.00

15,000,000.00

15,000,000.00

250000

250000

250000

250000

250000

250000

-250,000.00

550,000.00

750,000.00

15,250,000.00

16,050,000.00

16,250,000.00

8000000

7000000

6000000

1000000

1000000

1000000

7000000

6000000

5000000

25000
2250000
3000000
500000
200000
1500000
1500000
8975000

50000
2610000
3630000
7530000
300000
2630000
1620000
18370000

50000
2750000
3750000
7600000
400000
2750000
1650000
18950000

300,000.00

4,000,000.00

3,250,000.00

400,000.00

4,070,000.00

4,425,000.00

25,000.00

25,000.00

25,000.00

8,250,000.00

10,050,000.00

11,250,000.00

15,250,000.00

16,050,000.00

16,250,000.00

[PROJECTED]

[PROJECTED]

[PROJECTED]

AS ON

AS ON

AS ON

31/03/2013

31/03/2014

31/03/2015

26,200.00

52,400.00

87,500.00

26,200.00

52,400.00

87,500.00

26,200.00

52,400.00

87,500.00

700

6,500.00

6,500.00

800

3,500.00

3,500.00

1,500.00

10,000.00

10,000.00

2000
2000

5000
5000

8000
8000

BALANCE SHEET
SCHEDULE

PARTICULARS

AS ON
31/03/2013

SOURCES OF FUNDS

OWNERS FUNDS
1

Partners Capital Account

15000000
15,000,000.00

RES/SURPLUS
GENRAL RESERVE

-250,000.00

BORROWED FUNDS
Secured Loans(from icici bank against our premisies)

250000

Unsecured Loans

250000

APPLICATION OF FUNDS
2

FIXED ASSETS
GROSS BLOCK
(+)additional of fixed assets

8000000
0

TOTAL GROSS BLOCK

8000000

(-) DEPRICIATION

1000000

NET BLOCK OF CURRENT ASSETS

7000000

CURRENT ASSETS, LOANS & ADVANCES

inventories
sundry debotors
cash at bank
patty cash
other reciables

2250000
500000
3300000
200000
1250000

loans and advances

1500000
9000000

total current asssets

4

15,250,000.00

CURRENT LIABILITIES, PROVISIONS

creditors

300,000.00

bills payable
o/s wages

intrest on loan

400,000.00
25,000.00

25000

net current liabilitys

750,000.00

NET CURRENT ASSETS

8,250,000.00

capital employed

15,250,000.00

ANCE SHEET
AS ON

AS ON

31/03/2014

31/03/2015

15000000

15000000

14,750,000.00

15,800,000.00

5,500,000.00

7,500,000.00

250000

250000

20,500,000.00

22,750,000.00

7000000

6000000

6250000

8750000

13250000

14750000

1025000

150000

12225000

14600000

2610000
3630000
7530000
375000
2630000

2750000
3750000
7600000
400000
2750000

1620000
18395000

1650000
18900000

6,000,000.00

6,250,000.00

4,070,000.00

4,425,000.00

25,000.00

25,000.00

25000

50000

10,120,000.00

10,750,000.00

8,275,000.00

8,150,000.00

20,500,000.00

22,750,000.00