Profit and Loss Palm beach 4017703 For the 2 months ended 31

Profit and Loss Palm beach 4017703
Profit and Loss
Palm beach 4017703
For the 2 months ended 31 August 2019 JUL-AUG 2019
Trading Income
Interest Income 75.00
Revenue - Surf Lessons 64,436.32
Revenue - Yoga Lessons 12,327.25
Sales Revenue - Clothing and merchandise 331,658.00
Total Trading Income 408,496.57
Cost of Sales
Cost of Goods Sold 150,075.00
Total Cost of Sales 150,075.00
Gross Profit 258,421.57
Operating Expenses
Accounting fees 3,500.00
Advertising expenses 9,000.00
Bank Fees 441.00
Depreciation 1,539.17
Electricity 387.64
Freight & Courier 4,740.00
General Expenses 359.25
Insurance 8,375.00
Interest Expense 500.00
Motor Vehicle Expenses 1,100.00
Rent 4,015.15
Repairs and Maintenance 15,000.00
Sales and marketing expenses 13,240.00
Telephone & Internet 950.00
Wages and Salaries 25,700.00
Total Operating Expenses 88,847.21
Net Profit 169,574.36