Balance Sheet 19585150 Pin-Heng Lin As at 31 May 2019 31 MAY

Balance Sheet 19585150 Pin-Heng Lin
Balance Sheet
19585150 Pin-Heng Lin
As at 31 May 2019 31 MAY 2019
Assets
Current Assets
Accounts Receivable 847.00
Cash at Bank 120,460.01
Doubtful debts (84.70)
Inventory 265,344.73
Investment account 250,625.00
Office supplies 220.00
Prepaid rent 99,090.91
Prepayments 3,927.27
Total Current Assets 740,430.22
Fixed Assets
Delivery van 23,181.82
Depreciation on delivery van (341.67)
Depreciation on office fittings (416.67)
office fittings 50,000.00
Total Fixed Assets 72,423.48
Total Assets 812,853.70
Liabilities
Current Liabilities
Accounts Payable 71,830.00
GST (45,548.45)
Wages Payable - Payroll 8,000.00
Total Current Liabilities 34,281.55
Non-current Liabilities
Loan 294,060.00
Total Non-current Liabilities 294,060.00
Total Liabilities 328,341.55
Net Assets 484,512.15
Equity
Current Year Earnings (15,487.85)
Owner A Share Capital 500,000.00
Total Equity 484,512.15