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Demo Report Generated!
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Demo
Demo Company Ltd - Year ending 31 March 2024
Profit & Loss Account
For the year ending 31 March 2024
Turnover£120,000.00
Cost of Sales£0.00
Gross Profit£120,000.00
Administrative Expenses(£42,500.00)
Operating Profit£77,500.00
Interest Payable(£250.00)
Profit Before Tax£77,250.00
Corporation Tax (19%)(£14,678.00)
Profit for the Financial Year£62,572.00
Financial Overview
Revenue£120,000
Expenses£42,500
Profit£77,500
Corporation Tax Due
£14,678.00
Based on 19% Corporation Tax rate
Net Profit
£62,572.00
Available for dividends or reinvestment
AI Advisor Insights
Net Profit: £77,250
Corporation Tax of £14,678 will be due.
You Might Be Wondering...
Please Confirm
We noticed a 'CLIENT MEETING LUNCH' expense. Was this primarily for business entertainment or a team meal?
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