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WARRINGTON BOROUGH TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2019 ixed assets Goodwill ang ble assets Current assets tocks Debtors Cash at bank and in hand Creditors: amounts falling due within one year Wet current assets Total assets less current liabilities Creditors: amounts falling due after more than ne year Provisions for liabilities Het assets Capital and reserves Called up share capital Profit and loss reserves otal equity TEMENT OF CHANGES IN EQUITY THE YEAR ENDED 31 MARCH 2019 nce at 1 April 2017 ended 31 March 2018: t and to al comprehensive income for the year nce at 31 March 2018 Notes ended 31 March 2019: it and to:al comprehensive income for the year lends 10 11 nce at 31 March 2019 12 13 14 ARRINGTON BOROUGH TRANSPORT LIMITED 15 17 21 2019 E 191,966 1,047,888 1,026,651 2,266,505 (1,618,292) £ Notes 70,831 4,632,636 4,703,467 648,213 5,351,680 (1,810,538) (146.689) 3,394,453 888,000 2,506,453 3,394,453 2018 £ £ 888,000 180,947 1,072,094 841,643 2,094,684 (1,541,395) Share capital Profit and loss reserves the financial statements were approved by the board of directors and authorised for issue on 20 September 2019 and are signed on ts behalf by: £ 2,365,582 63,913 888,000 2,429,495 126,958 (50,000) £ 888,000 2,506,453 3,207,284 3,207,284 553,289 3,760,573 (338,062) (105,016) 3,317,495 888.000 2,429,495 3,317,495 Total £ 3,253,582 63,913 3,317,495 126,958 (50,000) 3,394,453 WARRINGTON BOROUGH TRANSPORT LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2019 Turnover Cost of sales Gross profit Administrative expenses Operating profit Interest payable and similar expenses Profit before taxation Tax on profit Profit for the financial year Notes 3 7 2019 £ 10,108,127 (7,712,890) 2,395,237 (2,176,322) 218,915 (49,276) 169,639 (42,681) 126,958 The Profit And Loss Account has been prepared on the basis that all operations are continuing operations. 10,002,2 (7,723, 2,278,5 (2,111,2 167,1 (52.2 114,9 (50,5 63,5

WARRINGTON BOROUGH TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2019 ixed assets Goodwill ang ble assets Current assets tocks Debtors Cash at bank and in hand Creditors: amounts falling due within one year Wet current assets Total assets less current liabilities Creditors: amounts falling due after more than ne year Provisions for liabilities Het assets Capital and reserves Called up share capital Profit and loss reserves otal equity TEMENT OF CHANGES IN EQUITY THE YEAR ENDED 31 MARCH 2019 nce at 1 April 2017 ended 31 March 2018: t and to al comprehensive income for the year nce at 31 March 2018 Notes ended 31 March 2019: it and to:al comprehensive income for the year lends 10 11 nce at 31 March 2019 12 13 14 ARRINGTON BOROUGH TRANSPORT LIMITED 15 17 21 2019 E 191,966 1,047,888 1,026,651 2,266,505 (1,618,292) £ Notes 70,831 4,632,636 4,703,467 648,213 5,351,680 (1,810,538) (146.689) 3,394,453 888,000 2,506,453 3,394,453 2018 £ £ 888,000 180,947 1,072,094 841,643 2,094,684 (1,541,395) Share capital Profit and loss reserves the financial statements were approved by the board of directors and authorised for issue on 20 September 2019 and are signed on ts behalf by: £ 2,365,582 63,913 888,000 2,429,495 126,958 (50,000) £ 888,000 2,506,453 3,207,284 3,207,284 553,289 3,760,573 (338,062) (105,016) 3,317,495 888.000 2,429,495 3,317,495 Total £ 3,253,582 63,913 3,317,495 126,958 (50,000) 3,394,453 WARRINGTON BOROUGH TRANSPORT LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2019 Turnover Cost of sales Gross profit Administrative expenses Operating profit Interest payable and similar expenses Profit before taxation Tax on profit Profit for the financial year Notes 3 7 2019 £ 10,108,127 (7,712,890) 2,395,237 (2,176,322) 218,915 (49,276) 169,639 (42,681) 126,958 The Profit And Loss Account has been prepared on the basis that all operations are continuing operations. 10,002,2 (7,723, 2,278,5 (2,111,2 167,1 (52.2 114,9 (50,5 63,5

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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WARRINGTON BOROUGH TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2019 Fixed assets Goodwill Tangible assets Current assets Stocks Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Provisions for liabilities Net assets Capital and reserves Called up share capital Profit and loss reserves Total equity STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2019 Balance at 1 April 2017 Year ended 31 March 2018: Profit and to al comprehensive income for the year Balance at 31 March 2018 Notes Year ended 31 March 2019: Profit and to al comprehensive income for the year Dividends 10 11 Balance at 31 March 2019 12 13 WARRINGTON BOROUGH TRANSPORT LIMITED 14 15 17 21 2019 191.966 1,047,888 1,026,651 2,266,505 (1,618,292) £ Notes 70,831 4,632,636 4,703,467 648,213 5,351,680 (1,810,538) (146,689) 3,394,453 888,000 2,506,453 3,394,453 2018 £ £ 180,947 1,072,094 841,643 2,094,684 The financial statements were approved by the board of directors and authorised for issue on 20 September 2019 and are signed on its behalf by: 888,000 (1,541,395) Share capital Profit and loss reserves £ 888,000 2,365,582 63,913 888,000 2,429,495 126,958 (50,000) 3,207,284 2,506,453 3,207,284 553,289 3,760,573 (338,062) (105,016) 3,317,495 888,000 2,429,495 3,317,495 Total £ 3,253,582 63,913 3,317,495 126,958 (50,000) 3,394,453 WARRINGTON BOROUGH TRANSPORT LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2019 Turnover Cost of sales Gross profit Administrative expenses Operating profit Interest payable and similar expenses Profit before taxation Tax on profit Profit for the financial year The Profit Notes 8 2019 £ 10,108,127 (7,712,890) 2,395,237 (2,176,322) 218,915 (49,276) 169,639 (42,681) 126,958 Loss Account has been prepared on the basis that all operations are continuing operations. 2018 10,002,316 (7,723,340) 2,278,976 (2.111.836) 167.140 (52,237) 114,903 (50,990) 63,913
Transcribed Image Text:WARRINGTON BOROUGH TRANSPORT LIMITED BALANCE SHEET AS AT 31 MARCH 2019 Fixed assets Goodwill Tangible assets Current assets Stocks Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Provisions for liabilities Net assets Capital and reserves Called up share capital Profit and loss reserves Total equity STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 MARCH 2019 Balance at 1 April 2017 Year ended 31 March 2018: Profit and to al comprehensive income for the year Balance at 31 March 2018 Notes Year ended 31 March 2019: Profit and to al comprehensive income for the year Dividends 10 11 Balance at 31 March 2019 12 13 WARRINGTON BOROUGH TRANSPORT LIMITED 14 15 17 21 2019 191.966 1,047,888 1,026,651 2,266,505 (1,618,292) £ Notes 70,831 4,632,636 4,703,467 648,213 5,351,680 (1,810,538) (146,689) 3,394,453 888,000 2,506,453 3,394,453 2018 £ £ 180,947 1,072,094 841,643 2,094,684 The financial statements were approved by the board of directors and authorised for issue on 20 September 2019 and are signed on its behalf by: 888,000 (1,541,395) Share capital Profit and loss reserves £ 888,000 2,365,582 63,913 888,000 2,429,495 126,958 (50,000) 3,207,284 2,506,453 3,207,284 553,289 3,760,573 (338,062) (105,016) 3,317,495 888,000 2,429,495 3,317,495 Total £ 3,253,582 63,913 3,317,495 126,958 (50,000) 3,394,453 WARRINGTON BOROUGH TRANSPORT LIMITED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 31 MARCH 2019 Turnover Cost of sales Gross profit Administrative expenses Operating profit Interest payable and similar expenses Profit before taxation Tax on profit Profit for the financial year The Profit Notes 8 2019 £ 10,108,127 (7,712,890) 2,395,237 (2,176,322) 218,915 (49,276) 169,639 (42,681) 126,958 Loss Account has been prepared on the basis that all operations are continuing operations. 2018 10,002,316 (7,723,340) 2,278,976 (2.111.836) 167.140 (52,237) 114,903 (50,990) 63,913
A financial assessment of the business. Key ratios will need to be calculated, presented, and assessed appropriately. These should cover A. Analysis of the financial performance of the company (use at least 2 ratios) B. Analysis of the financial position of the company (use at least 2 ratios) C. Analysis of the solvency of the company (including at least 2 relevant financial ratios) D. Analysis of the profitability and efficiency of the company (including at least 2 relevant ratios) ● This is an assessment and so explain what the financial information is indicating.
Transcribed Image Text:A financial assessment of the business. Key ratios will need to be calculated, presented, and assessed appropriately. These should cover A. Analysis of the financial performance of the company (use at least 2 ratios) B. Analysis of the financial position of the company (use at least 2 ratios) C. Analysis of the solvency of the company (including at least 2 relevant financial ratios) D. Analysis of the profitability and efficiency of the company (including at least 2 relevant ratios) ● This is an assessment and so explain what the financial information is indicating.
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what do the final numbers for each of these ratios mean

i.e solvency ratio 0.0322 - is this good? are they in profit, what can they do to improve,

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