Black Hole Futsal & Café

Projected Balance Sheet

Projected Projected Projected Projected Projected
Particulars Schedule No. 2075/76 2076/77 2077/78 2078/79 2079/90
Capital & Liabilities
Capital and Reserves
Share Capital 1 50,00,000 50,00,000 50,00,000 50,00,000 50,00,000
Reserves and Surplus 2 (4,06,290) 3,22,736 14,56,738 29,83,105 49,55,132
Long Term Loan 3 80,00,000 68,00,000 67,80,000 59,13,000 51,76,050

Grand Total 1,25,93,710 1,21,22,736 1,32,36,738 1,38,96,105 1,51,31,182

Assets
Fixed assets net of depreciation and impairment 4 1,07,55,693 98,28,350 90,43,592 83,70,413 77,85,296

Current assets
Cash and bank balances 5 20,02,340 62,079 23,891 25,400 28,000
Closing Stock 9 14,390 14,390 4,57,200 4,79,600 7,20,800
Advance & Receivables 6 18,21,287 42,61,786 59,79,159 74,51,487 92,54,778

Total current assets 38,38,017 43,38,254 64,60,250 79,56,487 1,00,03,578

Less: Current liabilities and provisions
Current liabilities 7 - - 88,875 1,22,825 1,41,190
Short Term Loan 8 20,00,000 19,60,000 19,20,800 18,82,384 18,44,736
Income Tax Provisions - 83,868 2,57,429 4,25,586 6,71,765
Total current liabilities and provisions 20,00,000 20,43,868 22,67,104 24,30,795 26,57,691

Net current assets 18,38,017 22,94,386 41,93,145 55,25,692 73,45,886

Grand Total 1,25,93,710 1,21,22,736 1,32,36,738 1,38,96,105 1,51,31,182

Schedule 1- 11 referred to above form an integral part of the Financial Statement - - - - -
 Black Hole Futsal & Café
Projected Income Statement for FY 2073-74

Particulars Schedule Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90

Income
Sales 9 1,43,900 40,60,000 45,72,000 62,96,000 72,08,000

Total Income 1,43,900 40,60,000 45,72,000 62,96,000 72,08,000

Less: Cost of Sales 10 1,11,963 11,15,800 12,93,150 20,54,880 23,28,240

Gross Profit 31,937 29,44,200 32,78,850 42,41,120 48,79,760

Less:
Administrative Expense 11 11,520 1,46,883 1,72,803 7,94,894 9,22,823
Depreciation 4 3,26,207 9,27,343 7,84,757 6,73,180 5,85,117

Profit Befor Interest & TAX (PBIT) (3,05,790) 18,69,974 23,21,290 27,73,046 33,71,821
Interest Expenses 1,00,500 10,57,080 9,29,858 8,21,093 7,28,029

Profit Before Tax (PBT) (4,06,290) 8,12,894 13,91,431 19,51,953 26,43,792

Provision For Income Tax - 83,868 2,57,429 4,25,586 6,71,765

Profit After Tax (4,06,290) 7,29,026 11,34,002 15,26,367 19,72,027

Schedule 1- 11 referred to above form an integral part of the Financial Statement
Schedules related to Financial Statement

Schedule 1
Share Capital (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
Share Capital
Propritors Fund 50,00,000 50,00,000 50,00,000 50,00,000 50,00,000
Total 50,00,000 50,00,000 50,00,000 50,00,000 50,00,000

Schedule 2
Reserve & Retained Earning (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
Opening Balance - (4,06,290) 3,22,736 14,56,738 29,83,105
Add: Profit Transferred from P/L Account (4,06,290) 7,29,026 11,34,002 15,26,367 19,72,027
Less: Proprietors Drawing - - - - -
Total (4,06,290) 3,22,736 14,56,738 29,83,105 49,55,132
 Schedule 3
Long Term Loan (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90

Un Subordinated Proprietor's Loan - - 10,00,000 10,00,000 10,00,000

Term Loan 80,00,000 68,00,000 57,80,000 49,13,000 41,76,050
Total 80,00,000 68,00,000 67,80,000 59,13,000 51,76,050

Schedule 5
Cash & Bank Balances (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
Cash & Liquid Investments 20,02,340 62,079 23,891 25,400 28,000
Total 20,02,340 62,079 23,891 25,400 28,000

Schedule 6
Advance & Receivables (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
Sundry Debtors 18,21,287 42,61,786 59,79,159 74,51,487 92,54,778
Adavnce - - - - -
Total 18,21,287 42,61,786 59,79,159 74,51,487 92,54,778
 Schedule 7
Current Liabilities & Provision (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
Audit Fee Payable - - 6,375 29,325 35,190
Sundry Creditors - - - - -
Salary Payable - - 80,000 90,000 1,00,000
TDS Payable - - 2,500 3,500 6,000
Total - - 88,875 1,22,825 1,41,190

Schedule 8
Short Term Loans & Borrowings (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
OD Loan 20,00,000 19,60,000 19,20,800 18,82,384 18,44,736.32
Total 20,00,000 19,60,000 19,20,800 18,82,384 18,44,736
 Schedule 9
Sales (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90
Revenue Generated from Sales 1,43,900 40,60,000 45,72,000 62,96,000 72,08,000
Total 1,43,900 40,60,000 45,72,000 62,96,000 72,08,000

Schedule 10
Cost of Sales (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90

Purchase of Direct Materials

Purchase 87,500.00 4,89,600 7,71,520 7,47,360 6,93,280
Add: Opeining Balance of Stock
Opening Stock - 14,390 14,390 4,57,200 4,79,600
Less: Closing Balance of Stock
Closing Stock 14,390.00 14,390.00 4,57,200 4,79,600 7,20,800.00
Direct Consumption 73,110 4,89,600 3,28,710 7,24,960 4,52,080
Direct Expenses 38,853 6,26,200 9,64,440 13,29,920 18,76,160
Cost of Sales 1,11,963 11,15,800 12,93,150 20,54,880 23,28,240
 Schedule 11
Administrative Expense (Amount in Rs)

Particulars Projected 2075/76 Projected 2076/77 Projected 2077/78 Projected 2078/79 Projected 2079/90

Salary & Allowance Expenes 4,600 58,650 69,000 3,17,400 3,65,010

Office Rent 2,200 28,050 33,000 1,51,800 1,66,980
Printing and Stationery Expenses 133 1,700 2,000 9,200 11,040
Business Promotion 100 1,275 1,500 6,900 8,280
Audit Fees 500 6,375 7,500 34,500 41,400
Bank Charges & Commission 1,016 12,954 15,241 70,106.30 84,127.56
Fuel Expenses 417 5,313 6,250 28,750 34,500
Travelling Expenses 417 5,313 6,250 28,750 34,500
Courier Expenses 667 8,500 10,000 46,000 55,200
Water & Electricity 967 12,325 14,500 66,700 80,040
Newspapers & Periodicals 92 1,169 1,375 6,325 7,590
Telephone & Internet Expenses 165 2,104 2,475 11,385 13,662
Refreshment 110 1,403 1,650 7,590 9,108
Office Expenses 138 1,753 2,063 9,487.50 11,385
Total 11,520 1,46,883 1,72,803 7,94,894 9,22,823
 (Amount in Rs)
Schedule 4 Schedule 4

Fixed Assets Projected 2075/76

Depreciation Depreciation
Particulars Rate of Depreciation Opening Balance Addition Total (Opening ) Depreciation for the year (Closing) Closing Balance
Land - - - - - - -
Furniture & Fixture 25% 19,96,500 - 19,96,500 31,363 1,66,375 1,97,738 18,30,125
Building and Civil Works 5% 88,97,650 - 88,97,650 - 1,48,294 1,48,294 87,49,356
Plant and Machinery 15% 1,23,250 - 1,23,250 21,750 6,163 27,913 1,17,088
Computer & Peripherals 25% 64,500 - 64,500 21,500 5,375 26,875 59,125
Vehicle 20% - - - - - - -
Total 1,10,81,900 - 1,10,81,900 74,613 3,26,207 4,00,819 1,07,55,693

Fixed Assets Projected 2076/77

Depreciation Depreciation
Particulars Rate of Depreciation Opening Balance Addition Total (Opening ) Depreciation for the year (Closing) Closing Balance
Land - - - - - - -
Furniture & Fixture 25% 18,30,125 - 18,30,125 1,97,738 4,57,531.25 6,55,269 13,72,594
Building and Civil Works 5% 87,49,356 - 87,49,356 1,48,294 4,37,467.79 5,85,762 83,11,888
Plant and Machinery 15% 1,17,088 - 1,17,088 27,913 17,563.13 45,476 99,524
Computer & Peripherals 25% 59,125 - 59,125 26,875 14,781.25 41,656 44,344
Vehicle 20% - - - - - - -
Total 1,07,55,693 - 1,07,55,693 4,00,819 9,27,343 13,28,163 98,28,350
Fixed Assets Projected 2077/78
Depreciation Depreciation
Particulars Rate of Depreciation Opening Balance Addition Total (Opening ) Depreciation for the year (Closing) Closing Balance
Land - - - - - - -
Furniture & Fixture 25% 13,72,594 - 13,72,594 6,55,269 3,43,148.44 9,98,417 10,29,445
Building and Civil Works 5% 83,11,888 - 83,11,888 5,85,762 4,15,594.40 10,01,356 78,96,294
Plant and Machinery 15% 99,524 - 99,524 45,476 14,928.66 60,404 84,596
Computer & Peripherals 25% 44,344 - 44,344 41,656 11,085.94 52,742 33,258
Vehicle 20% - - - - - - -
Total 98,28,350 - 98,28,350 13,28,163 7,84,757 21,12,920 90,43,592

Fixed Assets Projected 2078/79

Depreciation Depreciation
Particulars Rate of Depreciation Opening Balance Addition Total (Opening ) Depreciation for the year (Closing) Closing Balance
Land - - - - - - -
Furniture & Fixture 25% 10,29,445 - 10,29,445 9,98,417 2,57,361.33 12,55,779 7,72,084
Building and Civil Works 5% 78,96,294 - 78,96,294 10,01,356 3,94,814.68 13,96,171 75,01,479
Plant and Machinery 15% 84,596 - 84,596 60,404 12,689.36 73,094 71,906
Computer & Peripherals 25% 33,258 - 33,258 52,742 8,314.45 61,057 24,943
Vehicle 20% - - - - - - -
Total 90,43,592 - 90,43,592 21,12,920 6,73,180 27,86,100 83,70,413

Fixed Assets Projected 2079/90

Depreciation Depreciation
Particulars Rate of Depreciation Opening Balance Addition Total (Opening ) Depreciation for the year (Closing) Closing Balance
Land - - - - - - -
Furniture & Fixture 25% 7,72,084 - 7,72,084 12,55,779 1,93,021.00 14,48,800 5,79,063
Building and Civil Works 5% 75,01,479 - 75,01,479 13,96,171 3,75,073.95 17,71,245 71,26,405
Plant and Machinery 15% 71,906 - 71,906 73,094 10,785.95 83,880 61,120
Computer & Peripherals 25% 24,943 - 24,943 61,057 6,235.84 67,292 18,708
Vehicle 20% - - - - - - -
Total 83,70,413 - 83,70,413 27,86,100 5,85,117 33,71,217 77,85,296