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PROFIT & LOSS TEMPLATE: TURNOVER BELOW £50,000
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Profit and Loss for the Year ended 2020Month 1Month 2Month 3Month 4Month 5Month 6Month 7Month 8Month 9Month 10Month 11Month 12YTD
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££££££££££££
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Sales55005,0002,0001500120080050065017005,0003500300030,350
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Other Income5004504503002505003502502502505505504,650
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Total turnover600054502450180014501300850900195052504050355035,000
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 Cost of goods bought for resale or goods used230023001800250050060070080090040030030013400
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Total cost of sales230023001800250050060070080090040030030013,400
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0
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Gross Profit37003150650700950700150100105048503750325021,600
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Car, van and travel expense4004004004004004004004004004004004000
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4,800
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0
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Wages, salaries and other staff costs5005005005005005005005005005005005006,000
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0
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Rent, rates, power and insurance costs2402402402402402402402402402402402402,880
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0
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Repairs and renewals of property and equipment1001005602002002001501501501501501001,200
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0
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Accountancy, legal and other professional fees1001001001001001001001001001001001001,200
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0
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Interest and bank and credit card etc. financial charges505050505050505050505050600
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0
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Phone, fax, stationery and other office costs1201201201201201201201201201201201201440
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0
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Total allowable expenses15101510197016101610161015601560156015601560151019,130
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0
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Net profit/(loss)1990164013209106601540141014605103290219017403040
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