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Balance Sheet as at DD/MM/YY


£
 £
 £
Fixed Assets
 Cost
 Depre- 
ciation
 Net Book 
Value
Land and Buildings
 1,000
 50
 950
Plant & Machinery
 200
 40
 160
Fixtures & Fittings
 300
 90
 210
Motor Vehicles
 400
 175
 225

1,900
 355
 1,545
Current Assets


Stocks  this is the same figure as closing stock on the profit and loss
  300 

Debtors
 304

Less Provision for 
doubtful debts
 (4)

Prepayments
 10

Bank and cash
 300

Total Current Assets
910
Current Liabilities


Creditors
 100

Accruals
 20

Overdraft
 280

Total Current Liabilities
(400)
Net Current Assets

510
Long Term Liabilities


Loan

(55)



£2,000
Represented by:


Capital

1,500
+Profits earned: 


     this year  this is the same figure as net profit in the profit and loss
    200 
     in previous years
  1,000
     1,200
-Drawings

(700)



£2,000