Al-Fadl1 Limited Approved

Profit & Loss Account 31/07/2023 31/07/2022

Revenue
Sales - 385,000
Rent 6,480 4,320
Rent - Previouse Owner - 1,800

Total Sales 6,480 391,120

Direct Expenses
Purchases - 420,000

Total Direct Expenses - 420,000

Gross Profit/(Loss) 6,480 (28,880)

Gross Profit/(Loss) Margin 100% -7%

Bank Charges 63 -
Sundry - 12
Subscriptions 26 -

Total Administrative Expenses 89 12

Profit/(Loss) before Tax 6,391 (28,892)

Corporation tax Payable/(Refund) - 0

Net Profit/(Loss) after Tax 6,391 (28,892)

Net Profit/(Loss) Margin 99% -7%

SDLT Ismail Paid 4,250

Tax should have been paid 1,214 1,161
Total Tax Should have been paid 2,375 1,161
Al-Fadl1 Limited
Balance Sheet As At 31/07/2023 31/07/2022

Fixed Assets GBP GBP

FA - land and buildings - b/fwd 180,000 -
FA - Land and buildings Cost - additions - 600,000
FA - land and buildings - Cost - disposals - (420,000)

Total Fixed Assets 180,000 180,000

Current Assets

Bank Account
Current account 3,654 8,562

Total Current Assets 3,654 8,562

Total Assets 183,654 188,562

Current Liabilities
Suppliers 26 -

Rent Deduction for Reserve 2,542 -

Dr Mohammad Saleem 30,750 30,750
Shareholders Loan 178,500 178,500
Shareholders Loan to Repay - 1,786
Ismail Multani 5,004 4,918
Shareholders Rent Payments (12,167) -
Corporation tax - -

Total Current Liabilities 204,655 215,954

Total Assets less Liabilities (21,001) (27,392)

Capital & Reserves

Share Capital - B/F 1,500 -
Shares issued - 1,500
Current Profit & Loss 6,391 (28,892)
Retained Earnings b/f (28,892) -

Capital & Reserves (21,001) (27,392)

- -

Stamp duty and repair Loss on Sale of 70% to Ismail 35,000

Loss of £35k adjusted towards Ismail paid £4250 Stamp duty - 4,250
Remaining Loss left in Dr Saleem Account tobe used in future 30,750

Al Fadl 600000
Market -550000

-385000