budget & projection system v1.32

8/2/2019 Budget & Projection System v1.32

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Budget & Projection SystemVersion 1.32

Designed by The Accountants Circle for Trial Version O

The Accountants Circle Copyright 2007-2010

Licensed to: Trial Version Only

Details

Client: Sample Client Ltd

Report Title: Budget

Report Title Year: Next Year

Previous Year End: 30 June 2008

Report Version 1st Draft

Report Date Format: Month

Prepared By: Trial Version Only

Show Current Date: YesShow Current Time: No

Privacy Notice: Private & Confidential

Copyright Notice: Copyright

Ratios

Gross Profit Ratio Yes

Net Profit Ratio Yes

Current Ratio Yes

Acid Test Ratio Yes

ROCE Yes

Sales / Fixed Assets Yes

Net Worth / Total Assets Yes


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nly

License: Unlicensed

Report Settings

Graphs Yes

Ratio Analysis Yes

Currency Symbol:

Business Type Ltd Company


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Fixed Assets

Forecast Capital Cash Purchases

Opening BalanceCost Depreciation

Plant & Machinery 0

Office Equipment 1,500Furniture & Fixtures 1,000Motor Vehicles 3,000Tools & Minor Equipment 1,500

Website & Internet 1,000

Capital Purchase VAT

Hire Purchase

Opening Balance

Forecast Capital Hire Purchases

Plant & Machinery

Office EquipmentFurniture & Fixtures

Motor VehiclesTools & Minor Equipment

Website & InternetSpare

SpareSpareSpareSpare

SpareSpare


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Spare

Spare

VAT on Hire Purchases

Capital PurchasedVAT on Capital Purchased

Total Capital Cash Outlay


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Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09

0 0 0 0 0 0 0


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0 0 0 0 0 0 0

0 0 0 0 0 0 0 #0 0 0 0 0 0 0

0 0 0 0 0 0 0


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Total Adj

0

0000

00

0

000

000

0

0

0

0

00

00

00

0000

00


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0

0

0

0


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Debtors & Creditors

Debtors

Trade Debtors

Jul 08 Aug 08

Opening Balance 10,000.00 Receipts 7,000.00 3,000.00

Trade Debtors Receipts

Current Month 0%

30 - 60 Days 70%

60 - 90 Days 30%

90 - 120 Days

Over 120 Days

100%

Other Debtors Jul 08 Aug 08

Opening Balance Receipts

Creditors

Trade Creditors

Jul 08 Aug 08

Opening Balance 5,000.00 Payments 3,500.00 1,500.00

Payment terms for Direct Costs

Current Month 0%

30 - 60 Days 70%

60 - 90 Days 30%

90 - 120 Days

Over 120 Days

100%Payment terms for Overheads

Month 0%

Month+1 70%

Month+2 30%

Month+3


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Month+4

100%

Other Creditors Jul 08 Aug 08

Opening Balance 1,000.00 Payments 1,000.00


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Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09




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Apr 09 May 09 Jun 09 Total Receipts

10,000.00

Apr 09 May 09 Jun 09 Total Receipts

0.00

Apr 09 May 09 Jun 09 Total Payments

5,000.00


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Apr 09 May 09 Jun 09 Total Payments

2,000.00


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Other Balance Sheet Items

Assets

Stock on Hand

Opening Balance 3,000.00 Adjustments

Stock on Hand

Total Purchases

Cash/Bank

Cash at Bank 1,500.00

Cash on Hand 100.00

Liabilities

PAYE & NIC

Opening Balance 3,000.00 Payments

VAT

Opening Balance 1,100.00 Payments/(Receipts)

VAT Payments Quarterly Due End of

Corporation Tax

Rate

Opening Balance Payments/(Receipts)

Directors Loan Account

Opening Balance Payments/(Receipts)

Financing

Current base rate 5.0%

Overdraft Interest


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Interest rate (above base) 2.0% Interest Adjustments

Loan

Opening Balance 0.00 Payments

Interest rate (above base) 2.0% Interest Adjustments

Additional Loan Available 10,000.00 Drawndown

Repayments period (months) 36

Factoring Company

Opening Balance 0.00 Drawdown Adjustments

Max facility available 0.0% Opening Facility

Interest (above base) 2.0% Drawdown Priority

Charges 5.0% Charges on

Equity

Share Capital

Opening Balance 100.00 Share Issue

Profit and Loss Account

Opening Balance 12,400.00 Dividends

Retained Profit


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Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09

3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00 3,000.00

1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67


3,000.00

1,100.00

Jul, Oct, Jan, Apr


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0%

Clear Overdraft

Turnover


1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00

12,739 13,077 13,416 13,755 14,094 14,133 14,172


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Feb 09 Mar 09 Apr 09 May 09 Jun 09 Total Adj

3,000.00

3,000.00 3,000.00 3,000.00 3,000.00 3,000.00

1,666.67 1,666.67 1,666.67 1,666.67 1,666.67

Feb 09 Mar 09 Apr 09 May 09 Jun 09 Total Payments

6,000.00

2,200.00

0.00

0.00

Total Adjustments


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0.00

Feb 09 Mar 09 Apr 09 May 09 Jun 09

0.00

0.00

0.00

0.00

Feb 09 Mar 09 Apr 09 May 09 Jun 09 Total Adj

0.00

1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00

14,711 15,249 16,288 17,327 18,866


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Software Unlicensed - Trial Version Only

Sample Client Ltd

Balance Sheet

Year Ending Jun 08

Fixed assets 8,000

Current assets

Stock on Hand 3,000

Trade Debtors 10,000Other Debtors 0

Cash on Hand 100

Cash at Bank 1,500

14,600

Creditors due within one year

Bank Overdraft 0

Trade Creditors 5,000

Other Creditors 1,000

Factoring Company 0

VAT 1,100PAYE & NIC 3,000

Directors Loan Account 0

Corporation Tax 0

10,100

Net current assets 4,500

Total assets less current liabilities 12,500

Creditors due after more than one year

Hire Purchase 0

Loan 0

12,500

Capital and reserves


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Income

SALES SPLIT/ANALYSISJul 08

VATSales Type 1 70,000.00 1.00 17.5% 5,833.33

Sales Type 2 0.00 1.00 17.5% 0.00

Sales Type 3 0.00 1.00 17.5% 0.001.00 17.5% 0.00

1.00 17.5% 0.00

1.00 17.5% 0.00

1.00 17.5% 0.00

1.00 17.5% 0.00

1.00 17.5% 0.001.00 17.5% 0.00

1.00 17.5% 0.00

1.00 17.5% 0.00

1.00 17.5% 0.00

Total 5,833.33

Income by Period (Adjustments)

Jul 08

Sales Type 1

Sales Type 2

Sales Type 3

Spare

Spare

Spare

SpareSpare

Spare

SpareSpare

Spare

Spare

Total Adjustment 0.00

IncomeType

AnnualAmount

MultiplyingFactor


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Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09

5,833.33 5,833.33 5,833.33 5,833.33 6,333.33 6,333.33

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

5,833.33 5,833.33 5,833.33 5,833.33 6,333.33 6,333.33

Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09

500.00 500.00

0.00 0.00 0.00 0.00 500.00 500.00


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6,833.33 6,833.33 7,333.33 7,333.33 7,833.33

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

6,833.33 6,833.33 7,333.33 7,333.33 7,833.33


1,000.00 1,000.00 1,500.00 1,500.00 2,000.00

1,000.00 1,000.00 1,500.00 1,500.00 2,000.00


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Total

77,999.960.00

0.000.00

0.000.000.00

0.00

0.000.000.000.00

0.00

77,999.96

Total

8,000.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.000.00

0.00

0.00

8,000.00


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Direct Costs

VATMaterial Purchased 20,000 1.0 17.5%

1.0 17.5%1.0 17.5%

1.0 17.5%

1.0 17.5%

Adjustment to Stock on Hand

Total Purchases

Subcontractor Costs 12,000 1.0 17.5%

1.0 17.5%

1.0 17.5%

1.0 17.5%1.0 17.5%

1.0 17.5%

1.0 17.5%

1.0 17.5%

1.0 17.5%

1.0 17.5%

Direct Staff Costs 0 1.0

Total Other Direct Costs

Direct Staff 100.0%

Direct Costs by Period (Adjustments)

Material Purchased

SpareSpare

Spare

Spare

Subcontractor Costs

Spare

AnnualAmount

MultiplyingFactor

Net Pay (% of Gross including NIC)


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Spare

Spare

Spare

SpareSpare

SpareSpare

Spare

Direct Staff Costs

Total Adjustment


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1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 1,666.67

1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 800.00 800.00

1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,800.00 1,800.00

5,333.34 5,333.34 5,333.34 5,333.34 5,333.34 6,933.34 6,933.34


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800.00 800.00

0.00 0.00 0.00 0.00 0.00 800.00 800.00


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Feb 09 Mar 09 Apr 09 May 09 Jun 09 Total

1,666.67 1,666.67 1,666.67 1,666.67 1,666.67 20,000.04

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00

1,666.67 1,666.67 1,666.67 1,666.67 1,666.67

1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 12,000.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

800.00 800.00 800.00 800.00 800.00 5,600.00

1,800.00 1,800.00 1,800.00 1,800.00 1,800.00

6,933.34 6,933.34 6,933.34 6,933.34 6,933.34 37,600.04

Total

0.00

0.000.00

0.00

0.00

0.00

0.00


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0.00

0.00

0.00

0.000.00

0.000.00

0.00

800.00 800.00 800.00 800.00 800.00 5,600.00

800.00 800.00 800.00 800.00 800.00 5,600.00


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Directors Remuneration 100.0%Administrative Staff Costs 65.0%

Overhead Expenses by Period (Adjustments)

Advertising & MarketingRent

Rates & Water

Insurance

Gas & ElectricityCleaning, Security & Waste

Telephone

Printing, Postage & Stationery

Spare

Spare

Travel & Subsistence

Motor Expenses

Vehicle Hire

Repairs & Renewals

Equipment Hire

Sundry ExpensesAccountancy

Legal & Professional Fees

Subscription

Bank Charges

Exchange Rate Variance

Bank Interest

Loan Interest & Charges

Hire Purchase Interest

Bad Debts

SpareSpare

Spare

Spare

Spare

Spare

Spare

Net Pay (% of Gross including NIC)


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Spare

Spare

Directors Remuneration

Administrative Staff Costs


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Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08

50.00 50.00 50.00 50.00 50.00 50.00500.00 500.00 500.00 500.00 500.00 500.00

83.33 83.33 83.33 83.33 83.33 83.33

83.33 83.33 83.33 83.33 83.33 83.33

41.67 41.67 41.67 41.67 41.67 41.6741.67 41.67 41.67 41.67 41.67 41.67

166.67 166.67 166.67 166.67 166.67 166.67

25.00 25.00 25.00 25.00 25.00 25.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

20.83 20.83 20.83 20.83 20.83 20.83250.00 250.00 250.00 250.00 250.00 250.00

0.00 0.00 0.00 0.00 0.00 0.00

41.67 41.67 41.67 41.67 41.67 41.67

0.00 0.00 0.00 0.00 0.00 0.00

41.67 41.67 41.67 41.67 41.67 41.67

208.33 208.33 208.33 208.33 208.33 208.33

41.67 41.67 41.67 41.67 41.67 41.67

0.00 0.00 0.00 0.00 0.00 0.00

16.67 16.67 16.67 16.67 16.67 16.67

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00

1,612.51 1,612.51 1,612.51 1,612.51 1,612.51 1,612.51

0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00


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1,612.51 1,612.51 1,612.51 1,612.51 1,612.51 1,612.51

Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08


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Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Total

50.00 50.00 50.00 50.00 50.00 50.00 600.00500.00 500.00 500.00 500.00 500.00 500.00 6,000.00

83.33 83.33 83.33 83.33 83.33 83.33 999.96

83.33 83.33 83.33 83.33 83.33 83.33 999.96

41.67 41.67 41.67 41.67 41.67 41.67 500.0441.67 41.67 41.67 41.67 41.67 41.67 500.04

166.67 166.67 166.67 166.67 166.67 166.67 2,000.04

25.00 25.00 25.00 25.00 25.00 25.00 300.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

20.83 20.83 20.83 20.83 20.83 20.83 249.96250.00 250.00 250.00 250.00 250.00 250.00 3,000.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

41.67 41.67 41.67 41.67 41.67 41.67 500.04

0.00 0.00 0.00 0.00 0.00 0.00 0.00

41.67 41.67 41.67 41.67 41.67 41.67 500.04

208.33 208.33 208.33 208.33 208.33 208.33 2,499.96

41.67 41.67 41.67 41.67 41.67 41.67 500.04

0.00 0.00 0.00 0.00 0.00 0.00 0.00

16.67 16.67 16.67 16.67 16.67 16.67 200.04

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.000.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00

1,612.51 1,612.51 1,612.51 1,612.51 1,612.51 1,612.51

0.00 0.00 0.00 0.00 0.00 0.00 0.00

0.00 0.00 0.00 0.00 0.00 0.00 0.00


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1,612.51 1,612.51 1,612.51 1,612.51 1,612.51 1,612.51

Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09 Total

0.000.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.00

0.000.00

0.00

0.00

0.00

0.00

0.00


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0.00

0.00

0.00

0.00


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Sample Client Ltd

Forecast Trial Balance - Software Unlicens

Fixed assets

Plant & Machinery 0 0 0 0 0 0

Plant & Machinery - Depreciation 0 0 0 0 0 0

Office Equipment 1,500 1,500 1,500 1,500 1,500 1,500 1

Office Equipment - Depreciation (42) (83) (125) (167) (208) (250) (

Furniture & Fixtures 1,000 1,000 1,000 1,000 1,000 1,000 1Furniture & Fixtures - Depreciation (21) (42) (62) (83) (104) (125) (

Motor Vehicles 3,000 3,000 3,000 3,000 3,000 3,000 3

Motor Vehicles - Depreciation (83) (167) (250) (333) (417) (500) (

Tools & Minor Equipment 1,500 1,500 1,500 1,500 1,500 1,500 1

Tools & Minor Equipment - Depreciation (42) (83) (125) (167) (208) (250) (

Website & Internet 1,000 1,000 1,000 1,000 1,000 1,000 1

Website & Internet - Depreciation (28) (56) (83) (111) (139) (167) (

Current assets

Stock on Hand 3,000 3,000 3,000 3,000 3,000 3,000 3

Trade Debtors 9,854 8,910 8,910 8,910 8,910 9,498 9

Other Debtors 0 0 0 0 0 0

Cash on Hand 100 100 100 100 100 100

Cash at Bank 0 764 1,712 1,477 2,426 2,575 1


Bank Overdraft (100) 0 0 0 0 0

Trade Creditors (6,405) (6,377) (6,377) (6,377) (6,377) (6,377) (6

Other Creditors (1,000) 0 0 0 0 0

Factoring Company 0 0 0 0 0 0

VAT (395) (789) (1,184) (395) (789) (1,272) (

PAYE & NIC 0 0 0 0 0 0

Corporation Tax 0 0 0 0 0 0

Directors Loan 0 0 0 0 0 0

Hire Purchase 0 0 0 0 0 0

Loan 0 0 0 0 0 0

Long-Term Creditors

Hire Purchase 0 0 0 0 0 0

Loan 0 0 0 0 0 0

Capital and Reserves

Share Capital (100) (100) (100) (100) (100) (100) (

Dividends 1,000 2,000 3,000 4,000 5,000 6,000 7

Capital Introduced 0 0 0 0 0 0

Profit and Loss Account (12,400) (12,400) (12,400) (12,400) (12,400) (12,400) (12

Income

Sales Type 1 (5,833) (11,667) (17,500) (23,333) (29,167) (35,500) (41

Sales Type 2 0 0 0 0 0 0

Sales Type 3 0 0 0 0 0 0

Total Income

Direct Costs

Opening Stock 3,000 3,000 3,000 3,000 3,000 3,000 3

Material Purchased 1,667 3,333 5,000 6,667 8,333 10,000 11Closing Stock (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3

Subcontractor Costs 1,000 2,000 3,000 4,000 5,000 6,000 7

Direct Staff Costs 0 0 0 0 0 800 1

Month EndingJul 08

Month EndingAug 08

Month EndingSep 08

Month EndingOct 08

Month EndingNov 08

Month EndingDec 08

Month EndJan 09


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Overhead Expenses

Advertising & Marketing 50 100 150 200 250 300

Rent 500 1,000 1,500 2,000 2,500 3,000 3

Rates & Water 83 167 250 333 417 500

Insurance 83 167 250 333 417 500

Gas & Electricity 42 83 125 167 208 250

Cleaning, Security & Waste 42 83 125 167 208 250

Telephone 167 333 500 667 833 1,000 1

Printing, Postage & Stationery 25 50 75 100 125 150

Directors Remuneration 0 0 0 0 0 0

Administrative Staff Costs 0 0 0 0 0 0

Travel & Subsistence 21 42 62 83 104 125 Motor Expenses 250 500 750 1,000 1,250 1,500 1

Vehicle Hire 0 0 0 0 0 0

Repairs & Renewals 42 83 125 167 208 250

Equipment Hire 0 0 0 0 0 0

Sundry Expenses 42 83 125 167 208 250

Accountancy 208 417 625 833 1,042 1,250 1

Legal & Professional Fees 42 83 125 167 208 250

Subscription 0 0 0 0 0 0

Bank Charges 17 33 50 67 83 100

Exchange Rate Variance 0 0 0 0 0 0

Bank Interest 0 0 0 0 0 0

Loan Interest & Charges 0 0 0 0 0 0

Hire Purchase Interest 0 0 0 0 0 0

Bad Debts 0 0 0 0 0 0

Deprecation Expense 215 431 646 861 1,076 1,292 1

Overdraft Interest 0 1 1 1 1 1

Loan Interest 0 0 0 0 0 0

Hire Purchase Interest 0 0 0 0 0 0

Factoring Charges 0 0 0 0 0 0

0 0 0 0 0 (0)


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The Accountants Circle LLC Copyright 2007


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1st Draft

Sample Client Ltd

Budget

June 2009


Private & Confidential

Prepared By: Trial Version Only

Report Produced: 18 April 2012

Copyright

Profit & Loss

Cash Flow Forecast

Balance Sheet

Graphs

Ratio Analysis

Assumptions


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Sample Client Ltd

Forecast Profit & Loss - Software Unlicen

Income

Sales Type 1 5,833 5,833 5,833 5,833 5,833 6,333 6,333 6,

Sales Type 2 0 0 0 0 0 0 0

Sales Type 3 0 0 0 0 0 0 0

Total Income 5,833 5,833 5,833 5,833 5,833 6,333 6,333 6,

Direct Costs

Opening Stock 3,000 3,000 3,000 3,000 3,000 3,000 3,000 3,

Material Purchased 1,667 1,667 1,667 1,667 1,667 1,667 1,667 1,

Closing Stock (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,000) (3,

Subcontractor Costs 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1,


Total Direct Costs 2,667 2,667 2,667 2,667 2,667 3,467 3,467 3,

Gross Profit 3,167 3,167 3,167 3,167 3,167 2,867 2,867 3,

Overhead ExpensesAdvertising & Marketing 50 50 50 50 50 50 50

Rent 500 500 500 500 500 500 500

Rates & Water 83 83 83 83 83 83 83

Insurance 83 83 83 83 83 83 83

Gas & Electricity 42 42 42 42 42 42 42

Cleaning, Security & Waste 42 42 42 42 42 42 42

Telephone 167 167 167 167 167 167 167

Printing, Postage & Stationery 25 25 25 25 25 25 25

Directors Remuneration 0 0 0 0 0 0 0

Administrative Staff Costs 0 0 0 0 0 0 0

Travel & Subsistence 21 21 21 21 21 21 21

Motor Expenses 250 250 250 250 250 250 250

Vehicle Hire 0 0 0 0 0 0 0

Repairs & Renewals 42 42 42 42 42 42 42

Equipment Hire 0 0 0 0 0 0 0 Sundry Expenses 42 42 42 42 42 42 42

Accountancy 208 208 208 208 208 208 208

Legal & Professional Fees 42 42 42 42 42 42 42

Subscription 0 0 0 0 0 0 0

Bank Charges 17 17 17 17 17 17 17

Exchange Rate Variance 0 0 0 0 0 0 0

Bank Interest 0 0 0 0 0 0 0

Loan Interest & Charges 0 0 0 0 0 0 0

Hire Purchase Interest 0 0 0 0 0 0 0

Bad Debts 0 0 0 0 0 0 0

Deprecation Expense 215 215 215 215 215 215 215

Overdraft Interest 0 1 0 0 0 0 0

Loan Interest 0 0 0 0 0 0 0

Hire Purchase Interest 0 0 0 0 0 0 0

Factoring Charges 0 0 0 0 0 0 0 Total Overhead Expenses 1,828 1,828 1,828 1,828 1,828 1,828 1,828 1,

Net Profit Before Tax 1,339 1,338 1,339 1,339 1,339 1,039 1,039 1,

Corporation Tax 0 0 0 0 0 0 0

Retained Profit 1,339 1,338 1,339 1,339 1,339 1,039 1,039 1,

Dividends (1,000) (1,000) (1,000) (1,000) (1,000) (1,000) (1,000) (1,

Retained Prof it b/f 12,400 12,739 13,077 13,416 13,755 14,094 14,133 14,

Retained Profit c/f 12,739 13,077 13,416 13,755 14,094 14,133 14,172 14,

MonthEnding Jul 08

MonthEnding Aug

08

MonthEnding Sep

08

MonthEnding Oct

08

MonthEnding Nov

08

MonthEnding Dec

08

MonthEnding Jan

09

MonthEnding F

09

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Sample Client Ltd

Forecast Cash Flow - Software Unlicensed - Tria

Receipts

Sales 7,000 7,798 6,854 6,854 6,854 6,854 7,265 7

7,000 7,798 6,854 6,854 6,854 6,854 7,265 7

Payments

PAYE & NIC 3,000 0 0 0 0 0 0

VAT 1,100 0 0 1,184 0 0 1,272

Other Creditors 0 1,000 0 0 0 0 0

Corporation Tax 0 0 0 0 0 0 0

Overdraft interest 0 1 0 0 0 0 0

Direct Purchases 3,500 2,871 1,958 1,958 1,958 1,958 1,958 1


Other Direct Costs 0 823 1,175 1,175 1,175 1,175 1,175 1

Directors Remuneration 0 0 0 0 0 0 0

Other Overheads 0 1,240 1,772 1,772 1,772 1,772 1,772 1

Directors Loan 0 0 0 0 0 0 0

Dividends 1,000 1,000 1,000 1,000 1,000 1,000 1,000 1

8,600 6,934 5,905 7,089 5,905 6,705 7,977 6

Movement (1,600) 864 949 (235) 949 149 (711)

Balance brought forward 1,500 (100) 764 1,712 1,477 2,426 2,575 1

Balance carried forward (100) 764 1,712 1,477 2,426 2,575 1,863 2

Month EndingJul 08

Month EndingAug 08

Month EndingSep 08

Month EndingOct 08

Month EndingNov 08

Month EndingDec 08

Month EndingJan 09

Month EnFeb 09

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Sam

Forecast Balance Sheet - So

Fixed assets

Plant & Machinery 0 0 0 0 0

Office Equipment 1,458 1,417 1,375 1,333 1,292 1,2

Furniture & Fixtures 979 958 938 917 896 8

Motor Vehicles 2,917 2,833 2,750 2,667 2,583 2,5

Tools & Minor Equipment 1,458 1,417 1,375 1,333 1,292 1,2Website & Internet 972 944 917 889 861 8

7,785 7,569 7,354 7,139 6,924 6,7

Current assets

Stock on Hand 3,000 3,000 3,000 3,000 3,000 3,0

Trade Debtors 9,854 8,910 8,910 8,910 8,910 9,4

Other Debtors 0 0 0 0 0

Cash on Hand 100 100 100 100 100 1

Cash at Bank 0 764 1,712 1,477 2,426 2,5

12,954 12,774 13,723 13,488 14,436 15,1


Bank Overdraft 100 0 0 0 0

Trade Creditors 6,405 6,377 6,377 6,377 6,377 6,3Other Creditors 1,000 0 0 0 0

Factoring Company 0 0 0 0 0

VAT 395 789 1,184 395 789 1,2

PAYE & NIC 0 0 0 0 0

Corporation Tax 0 0 0 0 0

Directors Loan 0 0 0 0 0

Hire Purchase 0 0 0 0 0

Loan 0 0 0 0 0

7,900 7,166 7,561 6,772 7,166 7,6

Net current assets 5,054 5,608 6,162 6,716 7,270 7,5

Total assets less current liabilities 12,839 13,177 13,516 13,855 14,194 14,2

Creditors due after more than one yearHire Purchase 0 0 0 0 0

Loan 0 0 0 0 0

12,839 13,177 13,516 13,855 14,194 14,2

Capital and Reserves

Month EndingJul 08

Month EndingAug 08

Month EndingSep 08

Month EndingOct 08

Month EndingNov 08

Month EndDec 08

M


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Sample Client LtdGraphs - Software Unlicensed - Trial Version Only

Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 0

Income 5,833 5,833 5,833 5,833 5,833 6,333 6,333


Direct Cost 2,667 2,667 2,667 2,667 2,667 3,467 3,467

Overheads 1,828 1,828 1,828 1,828 1,828 1,828 1,828

Total Expenses 4,494 4,495 4,494 4,494 4,494 5,294 5,294


Gross Profit 3,167 3,167 3,167 3,167 3,167 2,867 2,867

Net Profit 1,339 1,338 1,339 1,339 1,339 1,039 1,039

Income & Expenditure from July 2008 To June 2009

Net Income from July 2008 To June 2009


0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

Income Direct Cost Ov

4,000

5,000

6,000

7,000

8,000

9,000

5,833 5,833 5,833 5,833 5,833

6,333 6,333

6,833

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Total Expenditure from July 2008 To June 2009

Net Profit / (Loss) from July 2008 To June 2009


0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

2,667 2,667 2,667 2,667 2,667

3,467 3,467 3,467

1,828 1,828 1,828 1,828 1,828 1,828 1,828 1,828

Direct Cost Overheads


0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

Gross Profit Net Profit


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Sample Client LtdRatio Analysis - Software Unlicensed - Trial Version OnlyJul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09

54.3% 54.3% 54.3% 54.3% 54.3% 45.3% 45.3% 49.3% 49.3% 52.7% 52.7%

23.0% 22.9% 23.0% 23.0% 23.0% 16.4% 16.4% 22.5% 22.5% 27.8% 27.8%

164.0% 178.3% 181.5% 199.2% 201.4% 198.4% 213.4% 214.9% 216.1% 249.9% 253.4%

126.0% 136.4% 141.8% 154.9% 159.6% 159.2% 169.7% 174.5% 178.6% 207.2% 214.4%

ROCE Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502

0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0%

Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502 Err:502

Profit Ratios - July 2008 To June 2009

Liquidity Ratios - July 2008 To June 2009

Gross ProfitRatio

Net ProfitRatio

CurrentRatio

Acid TestRatio

Sales /Fixed Assets

Net Worth /Total Assets

Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Ju

0%

10%

20%

30%

40%

50%

60%

Gross Profit Ratio Net Profit Ratio

Ratio%

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Capital Ratios - July 2008 To June 2009

Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

ROCE Sales / Fixed Assets Net Worth / Total Assets

Ratio%

Jul 08 Aug 08 Sep 08 Oct 08 Nov 08 Dec 08 Jan 09 Feb 09 Mar 09 Apr 09 May 09 Jun 09

0%

50%

100%

150%

200%

250%

300%

Current Ratio Acid Test Ratio

Ratio

%


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Assumptions


General

1) The current economic situation in the country will remain as at present.

2) Interest rates will not fluctuate significantly from their current levels during the period

covered by the forecasts.3) No significant industrial disputes will arise which may affect the company's purchases

or sales.

4) The rates of VAT, Corporation Tax, and National Insurance will remain as at present.

5) There will be no capital expenditure other than that forecast.

6) Capital Purchases are paid in full in the month purchased.

7) No interest will be received in respect of reinvested surplus cash.

8) Inflation will have a negligible impact on the forecasts and has therefore been ignored.

9) There are no significant fixed asset disposals.

10) VAT is paid quarterly and any refunds are received the month following the return.

11) Depreciation is calculated monthly using the straight-line method

12) Any CIS withheld or recoverable has nil overall effect.

13) Factoring account drawdown is paid when bank is in surplus.

(i.e. No unnecessary drawdown if bank is in surplus)

Specific

1) Receipts for Sales received: Current Month 0%

30 - 60 Days 70%

60 - 90 Days 30%

90 - 120 Days 0%

Over 120 Days 0%

2) Payments for Direct Costs made: Current Month 0%

30 - 60 Days 70%

60 - 90 Days 30%90 - 120 Days 0%

Over 120 Days 0%

3) Payments for Overhead Expenses made: Current Month 0%

30 - 60 Days 70%

60 - 90 Days 30%

90 - 120 Days 0%

Over 120 Days 0%

4) Current Base Rate: 5%

5) Current Loan Rate: 7%

6) Current Factoring Rate: 7%Current Factoring Charges (on Turnover): 5%

7) Anticipated Gross Profit Margin: 52%

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budget & projection system v1.32

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