Financials February 2022

A breakdown of our finances for the month.

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Summary

The following reflect the overall status of the finances at the end of the month.

Current Assets: £9,381.01

• Current Account: £1,803.32
• Petty Cash (approximate): £165.22
• Paypal: £317.31
• Deposit Account: £7,095.16

Liabilities: £12,642.06

• Out of Hours Deposits (approximate): £6,400.00
• Business Rates: £1,748.00
• Visor Project Surplus: £4,494.06

Money Owed: £1,497.00

• Outstanding Invoices 15th March: £1,497.00

Notes of interest

Income looks reasonable, lots of mailboxes and some additional coworking. Just the one unusual expense in sublimation inks.

Income/Outgoings

Turnover: £5,831

• Sales: £5,831

add Other Income: £71

• Grant Income: £71

less Cost of Sales: £212

• Materials: £212

less Admin Expenses: £3,501

• Office Costs: £1,360
  • Electricity (January usage): £489.22
• Rent: £1,740
• Web Hosting: £4
• Computer Software: £114
• Office Equipment: £52
• Internet & Telephone: £216
• Bank/Finance Charges: £14

less Staff Costs: £525

• Salaries: £525

less Bad Debts: £99

• Bad Debts Written Off: £99

Operating Profit: £1,565

Generated from a FreeAgent report exported on 2022-03-15 19:28:28 +0000, also summary financial-summary-202202.yaml

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