Accounts For 2007

Accounts for 2007

**Income and expenditure for year ended December 2007**
Income	2007	2006	2005
Common Arrangement of work sections	977	1,469	1,408
Production Information code	770	898	1,100
Royalties	1,362	238	243
Total	3,109	2,604	2,751

Cost of sales
Opening stock	10,568	11,151	11,703
Despatch costs		97	386
Less closing stock	(10,183)	(10,568)	(11,151)
Total	385	680	938

Gross profit	2,724	1,925	1,813

Deposit interest received	(126)	(114)	(108)

Expenses
Bank charges	120	120	120
	50	50	280
			21
Total	170	170	421

Retained surplus for the year	2,680	1,868	1,500

**Balance sheet for year ended December 2007**
	2007	2006	2005
Current assets
Stocks	10,183	10,568	11,151
Trade debtors	1,486	1,787	160
Bank deposit account	26,640	23,314	22,500
Bank current account	2,782	2,812	2,836

Total	41,091	38,481	36,647

Current liabilities
Accruals for website development	10,000	10,000	10,000
Accountancy accrual	50	50	350
VAT creditor			42
Despatches to creditor	296
Total	10,346	10,050	10,392

Net current assets	30,677	28,123	25,255

Reserves
General fund brought forward	28,123	26,255	24,755
Surplus for year	2,554	1,868	1,500

General funds carried forward	30,677	28,123	26,255