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Content
BUSINESS NAME
Balance Sheet as at DATE
£
Fixed assets
Intangible assets
Tangible assets
Investments
1,500
25,000
500
27,000
Current assets
Stock
Debtors
Trade debtors
Prepayments and accrued income
Cash at bank and in hand
7,000
7,500
500
8,000
5,500
20,500
Creditors: amounts falling due within
one year
Bank loans and overdrafts
Trade creditors
Other creditors including tax and social security
Accruals and deferred income
(1,000)
(3,000)
(1,000)
(500)
(5,500)
Net current assets
15,000
Total assets less current liabilities
42,000
Creditors: amounts falling due after more
than one year
Bank loan
(2,000)
Net assets
40,000
Capital and reserves
Called up share capital
Profit and loss account
35,000
5,000
Shareholders’ funds
40,000
B23:
Also known as current liabilities – liabilities are shown as negatives because they are amounts owed by the business
C16:
This is the total of the amounts customers owe, less bad debts and amounts considered uncollectable
C17:
This is