M/s Choudhary Automobile and Garrage

PROPRIETOR- M/S Ekta Choudhary

Gumadera , Belphar , Orissa

Balance Sheet for the year ended on

Particulars Sch 2021 2022 2023 2024 2025 2026

Actual Actual Estimated Estimated Projected Projected

LIABILITIES
CAPITAL ACCOUNT
Opening Balance 1,121,000.00 1,240,795.00 1,188,745.00 1,422,085.18 1,783,502.29 2,111,449.39
Add: Capital Introduced during the Year -
Add: Profit 400,295.00 122,400.90 453,740.18 701,917.11 778,347.10 853,251.06
Add: Reciept on service 238,049.10
Less:- Drawing (280,500.00) (412,500.00) (220,400.00) (340,500.00) (450,400.00) (580,500.00)

1,240,795.00 1,188,745.00 1,422,085.18 1,783,502.29 2,111,449.39 2,384,200.45

Non Current Liabilities -

Current Liabilities
Bank OD/CC 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00 300,000.00
Sundry Creditors 94,560.00 98,500.00 84,520.00 82,410.00 80,120.00 89,540.00

1,635,355.00 1,587,245.00 1,806,605.18 2,165,912.29 2,491,569.39 2,773,740.45

Non Current Assets

Fixed Assets . 93,099.55 81,068.45 70,648.63 61,617.74 53,784.84 46,985.90
Investment 175,000.00 175,000.00 175,000.00 175,000.00 175,000.00 175,000.00

-
- -

Current Assets
Sundry Debtors & Other Receivables 274,500.00 275,600.00 420,500.00 430,500.00 440,500.00 470,500.00
Cash & Bank 64,103.45 143,017.45 33,896.55 142,794.55 257,084.55 359,554.55
Closing stock 1,028,652.00 912,560.00 1,106,560.00 1,356,000.00 1,565,200.00 1,721,700.00

1,635,355.00 1,587,245.90 1,806,605.18 2,165,912.29 2,491,569.39 2,773,740.45

Prepared and Computed on the basis of Assumption and Information Provided by the Proprietor.
 M/s Choudhary Automobile and Garrage
PROPRIETOR- M/S Ekta Choudhary
Gumadera , Belphar , Orissa

Statement of Profit & Loss for the year ended on

Particulars Sch 2021 2022 2023 2024 2025 2026

Actual Actual Estimated Estimated Projected Projected
Revenue From Operations
Sale of Products 1,585,325.00 450,500.00 1,698,600.00 2,619,650.00 2,879,560.00 3,015,650.00
-
Closing Stock 1,028,652.00 912,560.00 1,106,560.00 1,356,000.00 1,565,200.00 1,721,700.00

2,613,977.00 1,363,060.00 2,805,160.00 3,975,650.00 4,444,760.00 4,737,350.00

Expenditure
Opening Stock 512,366.00 1,028,652.00 912,560.00 1,106,560.00 1,356,000.00 1,565,200.00
Purchases 1,426,500.00 155,450.00 1,156,000.00 1,865,000.00 1,746,500.00 1,645,000.00

Indirect Expenses 1 274,816.45 56,557.10 282,859.82 302,172.89 563,912.90 673,898.94

2,213,682.45 1,240,659.10 2,351,419.82 3,273,732.89 3,666,412.90 3,884,098.94

Net Profit 400,294.55 122,400.90 453,740.18 701,917.11 778,347.10 853,251.06

Prepared and Computed on the basis of Assumption and Information Provided by the Proprietor.
 SCHEDULES FORMING PART OF BALANCE SHEET

SCHEDULE "1"
Indirect Expenses
2021 2022 2023 2024 2025 2026

ELECTRICITY BILL 15,714.00 1,200.00 18,860.00 19,556.00 37,160.00 44,590.00

General Expenses 20,000.00 5,000.00 24,000.00 24,560.00 46,660.00 55,990.00
Printing & Stationery 13,584.00 6,500.00 16,300.00 17,856.00 33,930.00 40,720.00
Salary & Wages 112,000.00 2,000.00 110,500.00 115,650.00 219,740.00 263,690.00
Telephone Expenses 11,489.00 2,560.00 12,560.00 12,790.00 24,300.00 29,160.00
Acconting Charge 4,000.00 1,000.00 4,800.00 5,120.00 9,730.00 11,680.00
Misc.exp 21,450.00 2,450.00 21,560.00 22,560.00 42,860.00 51,430.00
Repair and maintainace 24,597.00 21,560.00 22,560.00 23,450.00 44,560.00 53,470.00
Depreciation 13,901.45 12,031.10 10,419.82 9,030.89 7,832.90 6,798.94
Filling fee 4,500.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
Travelling & Conveyance 33,581.00 1,256.00 40,300.00 50,600.00 96,140.00 115,370.00
274,816.45 56,557.10 282,859.82 302,172.89 563,912.90 673,898.94
 SCHEDULE FORMING FIXED ASSETS

GROSS BLOCK
S No Particulars Rate As at 31-Mar- Depreciati As at 31-Mar-
Additions Disposal Total
2020 on 2021

1 Furniture & Fixtures 10.00% 42,974.00 - - 42,974.00 4,297.40 38,676.60

1 Furniture & Fixtures 15.00% 64,027.00 - - 64,027.00 9,604.05 54,422.95
Total 107,001.00 - - 107,001.00 13,901.45 93,099.55

GROSS BLOCK
S No Particulars Rate As at 31-Mar- Depreciati As at 31-Mar-
Additions Disposal Total
2021 on 2022

1 Furniture & Fixtures 10.00% 38,676.60 - - 38,676.60 3,867.66 34,808.94

1 Furniture & Fixtures 15.00% 54,422.95 - - 54,422.95 8,163.44 46,259.51
Total 93,099.55 - - 93,099.55 12,031.10 81,068.45

GROSS BLOCK
S No Particulars Rate As at 31-Mar- Depreciati As at 31-Mar-
Additions Disposal Total
2022 on 2023

1 Furniture & Fixtures 10.00% 34,808.94 - - 34,808.94 3,480.89 31,328.05

1 Furniture & Fixtures 15.00% 46,259.51 - - 46,259.51 6,938.93 39,320.58
Total 81,068.45 - - 81,068.45 10,419.82 70,648.63

GROSS BLOCK
S No Particulars Rate As at 31-Mar- Depreciati As at 31-Mar-
Additions Disposal Total
2023 on 2024

1 Furniture & Fixtures 10.00% 31,328.05 - - 31,328.05 3,132.80 28,195.24

1 Furniture & Fixtures 15.00% 39,320.58 - - 39,320.58 5,898.09 33,422.49
Total 70,648.63 - - 70,648.63 9,030.89 61,617.74

GROSS BLOCK
S No Particulars Rate As at 31-Mar- Depreciati As at 31-Mar-
Additions Disposal Total
2024 on 2025

1 Furniture & Fixtures 10.00% 28,195.24 - - 28,195.24 2,819.52 25,375.72

1 Furniture & Fixtures 15.00% 33,422.49 - - 33,422.49 5,013.37 28,409.12
Total 61,617.74 - - 61,617.74 7,832.90 53,784.84

GROSS BLOCK
S No Particulars Rate As at 31-Mar- Depreciati As at 31-Mar-
Additions Disposal Total
2025 on 2026

1 Furniture & Fixtures 10.00% 25,375.72 - - 25,375.72 2,537.57 22,838.15

1 Furniture & Fixtures 15.00% 28,409.12 - - 28,409.12 4,261.37 24,147.75
Total 53,784.84 - - 53,784.84 6,798.94 46,985.90