Cyclermate Ltd.

Draft Statement of Financial Position - 30 December 2012

Non-current Assets
Cost Depreciation

Freehold land
170,000
Freehold factory
80,000
32,000
Machinery and equipment
15,000
12,200
Current Assets
Stocks of materials
Stock of finished machines
Trade debtors
Cash in hand
Total Assets
Share capital
Retained profits
Shareholders' Funds
Loan from Geraint Williams
Current Liabilities
Trade creditors
Bank overdraft
Total Capital and Liabilities

Net

170,000
48,000
2,800
220,800

Budget
12/31/2013
units
950
1,300
2,250

Income Statement - last five years

year to
12/30/2012
units
direct sales units
1,055
shop sales units
1,450
Total units
2,505

102,300
185,790
200,571
657

489,318
710,118
30,000
205,254
235,254
200,000

87,500
187,364

274,864
710,118

Notes
Stocks of finished machines are valued at direct cost
Trade debtors represents amounts owing from cycle shop customers
The bank overdraft is unsecured

12/30/2011
units
1,178
1,621
2,799

12/30/2010
units
967
1,334
2,301

12/30/2009
units
850
1,172
2,022

12/30/2008
units
743
1,010
1,753

700
420
1,211,000

direct sales price

shop sales price
Total revenue

730
438
1,405,250

760
456
1,634,456

720
432
1,272,528

680
408
1,056,176

650
390
876,850

376
846,000
55,100
74,100
68,040
249,340
1,292,580
(81,580)
(36,000)
35,274
(82,306)
0
(82,306)

Direct material unit cost

Total direct materials
Indirect materials
Administrative costs
Selling and distribution
Wages and salaries
Total costs
Trading profit (loss)
Interest payable
Taxation
Shareholder profit
Dividends paid
Profit Retained

360
901,800
53,456
74,381
65,976
260,689
1,356,302
48,948
(30,401)
(5,564)
12,983
0
12,983

335
937,665
48,720
66,497
64,786
215,594
1,333,262
301,194
(25,860)
(82,600)
192,734
(150,000)
42,734

314
722,514
41,076
59,459
58,736
181,918
1,063,703
208,825
(22,674)
(55,845)
130,306
(90,000)
40,306

290
586,380
34,567
52,623
54,223
147,818
875,611
180,565
(20,000)
(48,170)
112,396
(80,000)
32,396

270
473,310
28,983
46,123
51,989
121,276
721,681
155,169
(20,000)
(40,551)
94,618
(60,000)
34,618

Cyclermate Ltd.
Budget - year to 30/6/2014
Sales
direct mail order and internet
cycle shop

units
1,100
1,400

Direct costs
Frame tube set
Frame lug set, including brackets
Front fork
Headset
Bottom bracket
Chain and chainset
Pedals (set)
Saddle, post and clamps
Handlebars, stem and grips
Brake levers and cables
Alloy extrusion (wheel rims)
Spokes (72 set for two wheels)
Sturmey-archer gear and brake hub
Dynamo and brake front hub
Tyres and inner tubes (set of two)
Steel sheet (mudguards and chainguard)
Wire (mudguard stays)
Paint
Basket
Rear carrier
Pump and brackets
Lock
Lamps
Assorted minor parts (kit)

unit price
75.50
32.45
26.00
9.46
7.42
14.30
8.00
32.90
15.40
19.10
86.50
4.60
52.87
33.50
10.35
24.00
8.00
18.00
3.00
5.20
1.80
3.20
4.89
1.00

price
700
420
cycles
made
1
1
1
1
1
1
1
1
1
1
8
1
1
1
1
10
20
12
1
1
1
1
1
1

Indirect Materials
Workshop materials, including paint
Repairs and renewals
Administrative costs
Business rates
Heating, lighting and power
Other sundry expenses
Depreciation
Selling and Distribution costs
Advertising
Packaging and sundry materials
Travelling and hospitality
Postage and courier charges
Wages and salaries (including oncosts)
Dai Armstrong
Ffred Gregory
Janice Jones
Maldwyn Jones
Lewis Llewellyn
Emlyn Morgan
Gwyneth Morgan
Ianto Pritchard
Idris Pugh
Frieda Schleck
Gladys Wells

Interest Payable

Annual
18,400
35,700
54,100
43,000
21,200
5,300
4,600
74,100
40,000
14,890
15,620
27,000
97,510
38,000
14,250
12,300
26,525
38,000
28,200
14,327
7,350
19,534
27,654
3,200
229,340
20,000