Pl & bs

coops90

Hi there, I am trying to reconcile net loss from the p/l with b/s. Could anyone help with this? Many Thanks


PL:

SALES £274,871.78
COS: £232,629.24

GROSS PROFIT: £42,242.54

EXPENSES: £181,305.71

NET PROFIT/LOSS: -£139,063.17

BALANCE SHEET:

FIXED ASSETS: £8000

CURRENT ASSETS: £77054.15 (LOAN £245, STOCK £71,809.15, OTHER £5,000)

TOTAL CASH AT BANK: £104,344.64

DEBTORS: £108,730.08

NET CURRENT ASSETS: £290,128.87

TRADE CREDITORS: -£78,720.37
DEFERRED INCOME: -£107,743

CURRENT LIABILITIES: -£250,728.67 (LOAN -220K, NET PAY -£957.62, OTHER -£5,000, VAT CONTROL -£30,706.98, VAT SUSPENSE £5935.93)

Total Creditors: amounts falling due within one year-£437,192.04
Net current assets (liabilities) -£147,063.17
Total assets less current liabilities-£139,063.17
Total net assets (liabilities)-£139,063.17
Capital and Reserves
Retained Earnings
Profit for the year -139,063.17
Total Capital and Reserves-£139,063.17