Balance Sheet The Manly Surf and Wellness Shop As at 30 April

Balance Sheet
Balance Sheet | The Manly Surf and Wellness Shop | 30 April 2019Page 1 of 1
The Manly Surf and Wellness Shop
As at 30 April 2019
30 Apr 2019 30 Apr 2018
Assets
Bank
Cash at Bank 201,827 -
Total Bank 201,827 -
Current Assets
Accounts Receivable 41,030 -
Allowances for doubt ful debt (615) -
Inventory 186,275 -
Petty Cash 115 -
Prepaid Insurance 11,167 -
Prepaid Rent 13,250 -
Prepayments 30,000 -
Total Current Assets 281,222 -
Fixed Assets
Less Accumulated Depreciation MV (12,000) -
Motor Vehicles 45,000 -
Office Equipment 18,700 -
Less Accumulated Depreciation on Office Equipment (4,560) -
Total Fixed Assets 47,140 -
Total Assets 530,188 -
Liabilities
Current Liabilities
Accounts Payable 63,910 -
Sales Tax 9,195 -
Total Current Liabilities 73,105 -
Non-Current Liabilities
Loan to NAB 52,000 -
Total Non-Current Liabilities 52,000 -
Total Liabilities 125,105 -
Net Assets 405,083 -
Equity
Current Year Earnings 305,083 -
Owner A Share Capital 100,000 -
Total Equity 405,083 -