Surfing Shops Australia- Vishwa Shah 45101720.

Surfing Shops Australia- Vishwa Shah
45101720
Balance Sheet
As of July 2018
14-05-19
6:08:19 PM
1-0000 Assets
1-1000 Current Assets
1-1100 Cash On Hand
1-1110 ANZ Bank $1,399,459.05
1-1120 Payroll Cheque Account $89,756.00
1-1140 Petty Cash $1,950.00
1-1180 Undeposited Funds $12,456.00
1-1190 Electronic Clearing Account $14,236.00
Total Cash On Hand $1,517,857.05
1-1200 Trade & Other Receivables $2,551.40
1-1210 Prov'n for Doubtful Debts ($4,568.00)
1-1215 Financial Assets $4,784.00
1-1220 Deferred Tax Assets $3,214.00
1-1300 Inventory
1-1310 Surfboards $219,357.44
1-1320 Surfboard fins $36,265.46
1-1330 Surf gear $21,057.13
1-1340 Wetsuits & gear $28,357.73
1-1400 Prepaid Insurance $4,516.00
1-1500 Prepaid Interest $1,456.00
1-1600 Prepaid Rend $8,500.00
Total Current Assets $1,843,348.21
1-3000 Fixed Assets
1-3100 Warehouse Equipment
1-3110 Warehouse Equipment at Cost $29,409.10
1-3120 Warehouse Equipment Accum Dep ($2,420.83)
1-3300 Truck
1-3310 Truck at Cost $187,272.73
1-3320 Truck Accum Dep ($32,683.33)
1-3400 Furniture & Fixture
1-3410 Furniture & Fixtures at cost $85,454.54
1-3420 Furniture & Fixtures Accum Dep ($3,343.33)
1-3500 Warehouse
1-3510 Warehouse at cost $200,000.00
1-3520 Warehouse Accum Dep ($4,166.67)
1-3600 Land $350,000.00
Total Fixed Assets $809,522.21
Total Assets $2,652,870.42
2-0000 Liabilities
2-1000 Current Liabilities
2-1100 Credit Cards
2-1110 Master Card $21,450.00
2-1120 Visa Card $11,400.00
Total Credit Cards $32,850.00
2-1200 Trade & Other Payables $17,074.30
2-1210 Accrual $1,450.00
2-1230 Liabilities for Investments $12,105.00
2-1240 Deferred Tax Liability $12,000.00
2-1300 GST Liabilities
2-1310 GST Collected $65,264.18
2-1320 GST Paid ($14,279.89)
Total GST Liabilities $50,984.29
2-1350 Fuel Tax Credits Accrued $18,950.00
2-1360 Import Duty Payable $49,686.55
2-1390 Luxury Car Tax Payable $26,800.00
2-1400 Payroll Liabilities
2-1410 Payroll Accruals Payable $55,600.00
2-1420 PAYG Withholding Payable ($9,820.00)
Total Payroll Liabilities $45,780.00
2-1500 Customer Deposits $500,000.00
2-1600 Warranty $37,000.00

Surfing Shops Australia- Vishwa Shah
Balance Sheet
As of July 2018
14-05-19
6:08:20 PM
Total Current Liabilities $804,680.14
2-2000 Long Term Liabilities
2-2100 Bank Loans $146,000.00
2-2200 Other Long Term Liabilities $34,000.00
2-2300 DB Plan Deficits $46,820.00
Total Long Term Liabilities $226,820.00
Total Liabilities $1,031,500.14
Net Assets $1,621,370.28
3-0000 Equity
3-1000 Surfing Shops Shareholders' Eq $225,027.00
3-2000 Shareholder Capital "B" Shares $1,420,015.00
3-3000 Capital Drawings $6,475.00
3-8000 Retained Earnings $13,215.00
3-9000 Current Year Earnings ($43,361.72)
Total Equity $1,621,370.28