Financial Accounting: Updated Financial Statements and Financial Analysis

FINANCIAL ACCOUNTING

TABLE OF CONTENTS
ASSESSMENT ...............................................................................................................................1
1. Updated Financial Statements Bialto Beach Limited .............................................................1
2. Financial Analysis of Rapston Hotels
REFERENCES..............................................................................................................................14

ASSESSMENT
1. Updated Financial Statements Bialto Beach Limited
Bialto Beach Limited Income Statement For The Year Ended 31
December 2019
Notes 31/12/19
£
Revenue 7239015
Cost of sales -5338039
Gross profit 1900976
Operating Expenses -12250
Distribution costs 6 -396779
Administrative expenses 7 -801558
690389
Other operating income 22400
Profits from operations 712789
Finance cost -74569
Profit before taxation 638220
Taxation 8 -179766
Profit after taxation 458454
Bialto Beach Ltd Statement Of Financial Position As At 31 December 2019
Notes 31/12/19 31/12/18
£ £ £ £
ASSETS
Non Current Assets
Tangible 1 2516339 1250700
Current Assets
Inventories 2 538675 226549
Other Receivables 3 935673 672371
Cash 0 1474348 426359 1325279
TOTAL ASSETS 3990687 2575979
EQUITY AND
LIABILITIES
1

Equity
Called up share
capital 100000 100000
Accumulated profits 1477015 1577015 1018561 1118561
Non current
liabilities 5 1174550 658854
Current liabilities 4 1239122 798564
TOTAL EQUITY
AND LIABILITIES 3990687 2575979
1 Non-Current Assets Property F&F
Plant &
Machinery
Computer
Equipment Total
Cost b/fwd 1225000 290000 560686 87500 2163186
Additions 1250000 165000 26400 1441400
Disposals -79500 -79500
Cost c/fwd 2475000 455000 481186 113900 3525086
Depreciation b/fwd 361225 139125 335171 76965 912486
Charge for year 39500 47381 56379 19335 159755
Elimination on disposal -63494 -63494
Depreciation c/fwd 400725 186506 328056 96300 1008747
NBA @ 31/12/2019 1574275 268494 158130 17600 2516339
NBA @ 31/12/2018 863775 150875 225515 10535 1250700
2% cost 15% RB 25% RB 33% cost
Computer Equipment
Addition Cost
Accumulate
d Depr'n Depr'n NBV
2018/19 26400 - 8800 17600
2017/18 31605 21070 10535 -
Pre 2017 55895 55895 - -
113900 76965 19335 17600
2