Professional Documents
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Clean First C5-C8
Clean First C5-C8
BUSINESS REQUIREMENTS
A. INITIAL INVESTMENTS
TOTAL ₱1,168,673
A.2 CONTRIBUTIONS/INVESTMENTS
Total ₱1,600,000
CLASSIFICATIONS
capital for its start-up operation is presented in the table below. The presented
CLEANING CHEMICALS
Supplies Quantity Cost
Detergents
Dishwashing liquid 500 ml 70 php
Laundry soap 5 bars 25 php
Washing Powder 1 kilo 50 php
Liquid Cleaner 150 ml 100 php
Fragrance 500 ml 50 php
Toilet bowl Cleaner 500 ml 50 php
Abrasive
Powder cleanser (borax) 100 grams 20 php
Disinfecting Cleaner 500 ml 50 php
Baking Soda 100 grams 20 php
Degreaser
Window Cleaner Solution 500 ml 30 php
Kitchen degreaser 300 ml 50 php
Household Degreaser 200 ml 20 php
Acids
Bleach 300 ml 20 php
Muriatic Acid 100 ml 10 php
Others cleaning agents
Germ bacteria sanitizer (gun solution) 150 ml 20 php
(concentrated)
Alcohol 500 ml 40 php
Wood polish 15 ml 5 php
EQUIPMENT CHARGES
Vacuum 2 20 php
Pressure cleaner 1 20 php
Heavy Duty Floor Machine 2 20 php
Mop 2 10 php
Ladder 1 5 php
Washing machine 1 10 php
Electric knapsack sprayer 1 100 php
Cleaning Supplies Charges
Sponges 2 5 php
Empty Galloons 15 30 php
Fiber Clothes (reusable) 5 5 php
Toilet Brush 1 5 php
Cleaning Gloves 5 pairs (reusable) 5 php
Garbage Bags 5 pieces (large) 25 php
Table 5 – 6: House cleaning cost
HOUSE CLEANING
CLEANING CHEMICALS
Supplies Quantity Amount PACKAGE 1:
Detergents Floor Area (40 sq m Below),
Dish Washing Liquid 500 ml 70 php Lot Area (60 sq m Below)
Laundry Soap 5 bars 25 php Cost
Cleaning Chemicals P 470.00
Washing Powder 1 kilo 50 php
Equipment charges 85.00
Liquid Cleaner 150 ml 100 php
Cleaning supplies charges 75.00
Fragrance 500 ml 50 php
Transportation cost 100.00
Toilet bowl Cleaner 500 ml 50 php
Service Charge 700.00
Abrasive
Borax 100 gms 20 php TOTAL P1,430.00
Disinfecting Cleaner 500 ml 50 php
Baking Soda 100 gms 20 php
Degreasers PACKAGE 2:
Window Cleaner Solution TOTAL 30 php Floor Area (41 sq m - 250 sq m),
Kitchen Degreaser 300 ml 50 php Lot Area (61 sq m - 300 sq m)
Household Degreaser 200 ml 20 php
Cost
Acids
Cleaning Chemicals P700.00
Bleach 20 php
Equipment charges 85.00
Muriatic Acid 10 php
Cleaning supplies charges 75.00
Others
Transportation cost 100.00
Wood Polisher 15 ml 5 php
Service Charge 900.00
TOTAL 470 php
EQUIPMENT CHARGES
Vacuum 20 php TOTAL P 1,860.00
Heavy Duty Floor Machine 20 php
Pressure Cleaner 20 php
Mop 10 php PACKAGE 3:
Washing Machine 10 php Floor Area (251 sq m- Above,
Ladder 5 php Lot Area (300 sq m Above)
TOTAL 85 php Cost
Cleaning Chemicals P900.00
Cleaning Supplies Charges
Equipment charges 85.00
Fiber Clothes 5 php
Cleaning supplies charges 75.00
Toilet Brush 5 php
Transportation cost 100.00
Cleaning Gloves 5 php
Service Charge 1,100.00
Sponges 2 pcs 5 php
Garbage Bags 25 php TOTAL P 2,260.00
Empty Galloons 15 pcs 30 php
TOTAL 75 php
Table 5 – 7: Deep Cleaning Cost
DEEP CLEANING
CLEANING CHEMICALS
Supplies Quantity Amount PACKAGE 1:
Detergents Floor Area (40 sq m Below),
Dish Washing Liquid 500 ml 70 php Lot Area (60 sq m Below)
Laundry Soap 5 bars 25 php Cost
Cleaning Chemicals P 530.00
Washing Powder 1 kilo 50 php
Equipment charges 85.00
Liquid Cleaner 150 ml 100 php
Cleaning supplies charges 75.00
Fragrance 500 ml 50 php
Transportation cost 100.00
Toilet bowl Cleaner 500 ml 50 php
Service Charge 700.00
Abrasive
Borax 100 gms 20 php TOTAL P1,490.00
Disinfecting Cleaner 500 ml 50 php
Baking Soda 100 gms 20 php
Degreasers PACKAGE 2:
Window Cleaner Solution 500ml 30 php Floor Area (41 sq m - 250 sq m),
Kitchen Degreaser 300 ml 50 php Lot Area (61 sq m - 300 sq m)
Household Degreaser 200 ml 20 php
Cost
Acids
Cleaning Chemicals P790.00
Bleach 300ml 20 php
Equipment charges 85.00
Muriatic Acid 100ml 10 php
Cleaning supplies charges 75.00
Others
Transportation cost 100.00
Alcohol 500ml 40 php
Service Charge 900.00
Gun Solution 150ml 20 php TOTAL P 1,950.00
Wood Polish 15ml 5 php
TOTAL 530 php
EQUIPMENT CHARGES PACKAGE 3:
Vacuum 20 php Floor Area (251 sq m- Above,
Heavy Duty Floor Machine 20 php Lot Area (300 sq m Above)
Pressure Cleaner 20 php Cost
Cleaning Chemicals P1,000.00
Mop 10 php
Equipment charges 85.00
Washing Machine 10 php
Cleaning supplies charges 75.00
Ladder 5 php
Transportation cost 100.00
Electric knapsack sprayer 100 php
Service Charge 1,100.00
TOTAL 185 php
Cleaning Supplies Charges
Fiber Clothes 5 php TOTAL P 2,360.00
Toilet Brush 5 php
Cleaning Gloves 5 php
Sponges 5 php
Garbage Bags 25 php
Empty Galloons 30 php
TOTAL 75 php
Table 5 – 8: Office Cleaning Cost
OFFICECLEANING
CLEANING CHEMICALS
Supplies Quantity Amount PACKAGE 1: (50 sq m Below)
Detergents Cost
Washing Powder 1 kilo 50 phpCleaning Chemicals P 370.00
Liquid Cleaner 150 ml 100php Equipment charges 55.00
Fragrance 500 ml 50 phpCleaning supplies charges 75.00
Toilet bowl Cleaner 500 ml 50 phpTransportation cost 100.00
Abrasive Service Charge 300.00
Disinfecting Cleaner 500 ml 50 php TOTAL P 900.00
Baking Soda 100 gms 20php Additional Charges for Sanitation P200.00
SANITATION CLEANING
CLEANING CHEMICALS
Supplies Quantity Amount PACKAGE 2:
Other Cleaning Agents Floor Area (41 sq m - 250 sq m),
Lot Area (61 sq m - 300 sq m)
Alhohol 500 ml 40 php Cost
Gun Solution 150 ml 20 php
Other Cleaning Agents P 100.00
TOTAL 60 php
Equipment Charges 100.00
EQUIPMENT CHARGES Transportation cost 100.00
Supplies Amount Service Charge 700.00
Sprayer 100 php
TOTAL P1,000.00
PACKAGE 1:
Floor Area (40 sq m Below),
Lot Area (60 sq m Below) PACKAGE 3:
Floor Area (251 sq m- Above),
Cost Lot Area (300 sq m Above)
KITCHEN CLEANING
CLEANING CHEMICAL
DETERGENTS PACKAGE 1
Supplies Quantity Amount Kitchen Area: 15 x 20 sq. m below
Dishwashing Liquid 300 ml 50 php Cost
Liquid Cleaner 150 ml 100 php Cleaning Chemical P 290.00
ABRAISIVE Equipment Charges 55.00
Disinfecting Cleaners 500 ml 50 php Cleaning Supplies Charges 70.00
Baking Soda 100 grms 20 php Transportation cost 100.00
Service Charge 300.00
DEGREASERS TOTAL P 815.00
clients.
Desk Chair designed for use at a
4 3 yrs. 3,000 12,000
4,000
desk in an office
OFFICE EQUIPMENT
Printer print documents by
printing, scanning 2 4 yrs. 4,000 8,000
Telephone Used in
communicating with 2 1 yr. 1,115 2,230
clients 2,230
and floors
Sponges Washing plates 200
3 600
pcs
CLEANING SUPPLIES
Detergent
Abrasive
Powder remove dirt and 25
Cleanse stains from hard 140 3,500
(borax) kg.
surfaces
Disinfecting kills germs on 30
Cleaner 294 8,820
surfaces or objects
gal.
Acids
Bleach effective in killing 20
bacteria, fungus and 155 3,100
gal.
viruses
Muriatic Acid It can break down
hard to remove stains
and sanitize the 10
treated surfaces. 271 2,710
gal.
Particulars Amount
Restroom ₱10,000
Paint 5,000
Ceilings 8,500
Decorations 5,000
Walls 10,000
Floor Replacements (Tiles) 5,000
Light Settings 4,000
Sinks 2,500
Reception Area 10,000
Office 6,000
Electrical 5,000
Plumbing Additions 10,000
Installing a coffee center for employees 25,000
Shelving and Countertops 15,000
Partitioning 24,000
Built-in displays 20,000
Installing retail counters 17,500
CCTV 2,696
Total ₱185,196
Table 5 – 13: MANPOWER REQUIREMENTS
• Maintenance of equipment
and machinery
E. OPERATING EXPENSE
Tables 5 – 14: Operating expenses
i. Rent Expense
MONTHLY ANNUALLY
RENT EXPENSE
10,000 120,000
Particulars AMOUNT
Mayor’s Permit ₱5,000
Total ₱12,030
v. Depreciation Expense
Depreciation Annual
Particulars Total Cost Scrap Value
Cost Deprecation
Equipment 472250 63272.50 408977.50 51857.84
Furniture and fixture 64,500 10800.00 53700.00 8476.66
Office equipment 40629 10460.00 30169.00 6446.30
Leasehold Improvement 185196 13129.61 172066.39 11945.51
vi. Repair and Maintenance
viii. Insurance
Particulars Monthly Annually
Building 5,000 60,000
Mini Van 500 6,000
TOTAL 5,500 66,000
x. Advertising expense
Particulars Cost
Social media advertisement yearly 2,500
Website advertisement 149/month 745
Fliers 1000 pcs, 20/pc 20,000
Editor 5,000
Business cards 100 pcs, 20/pc 2,000
Total 30,245
Introduction
on developing accounting policies for other items that result in relevant and reliable
information. CLEAN FIRST follows these methods or guidelines to adhere to the rule and
The financial statements have been prepared in compliance with the Philippine
ACCOUNTING POLICIES
CLEAN FIRST comprises its cash into cash on hand and cash in the bank.
As contemplated in accounting, cash includes the money and any other negotiable
instrument that is payable in money and acceptable by the bank for deposit and
when the asset is cash and cash equivalent unless it is restricted to settle a liability
for more than twelve months after the end of the reporting period.
Cost of service, CLEAN FIRST used the weighted average method to measure
the cost flow of the inventory of cleaning supplies and measured initially at cost
CLEAN FIRST used initially the cost model for the best estimate for
depreciation of the property, plant, and equipment excluded land and subsequently
Investment of partners
investment.
ACCOUNTING PERIOD
CLEAN FIRST uses a Fiscal year to record its transactions starting from the
date of the operation of the business until twelve months every year and closing
its financials. Here, the accounting period is one year, i.e., from 1st April to 31st
March.
RECOGNITION OF REVENUE AND EXPENSES
The business will apply the matching principle which is an expense should
be reported in the same period in which the corresponding revenue is earned, and
recorded during the period in which they are earned, regardless of when the
transfer of cash occurs. The business has direct costs which are the cleaning
supplies used during the operation and indirect costs such as administrative,
personnel, rent and utilities and security cost. If an expense is not directly tied to
accounting period in which it expires or is used up. If the future benefit of a cost
transaction and other event are recognized when they occur and not received or
paid, and they are recorded and reported in the financial statements of the periods
to which they relate, which means that Clean First revenue is recognized when
they earned regardless of when they received and expense is recognized when
FINANCIAL ASSUMPTIONS
⚫ Sales increase by 5% every year based on the demand for the services and
for the following years and divide it equally to the partners to mitigate cash
outflow
⚫ The 30 % Income tax due incurred this year shall be paid on or before April
i: Equipment
Particulars Total Cost Scrap Value Useful Life
Vacuum Cleaner 15,000 3000.00 5
Pressure Cleaner 50,600 3162.50 16
Heavy Duty Floor Machine 37,000 9250.00 4
Mopping Combo Pack 10,000 5000.00 2
Mini Van 300,000 30000.00 10
Personal Computer 14,600 3650.00 4
Body Camera 12,000 2400.00 5
Greenfield electric knapsack sprayer 4,000 1000.00 4
Ladder 3750 750.00 5
Washing machine 25,300 5060.00 5
TOTAL 472250 63272.50