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Trading P+L and Balance Sheet

  • 05-03-2010 12:18pm
    #1
    sarahmccarthy
    Closed Accounts Posts: 15 ✭


    Hi

    Im doing a college project and i'm on one of the last phases of it and its the financial side of it (which isnt my strong point)smile.gif. The project is we are leasing a Opticians in the Shopping Centre in Limerick the retail unit is 3,500 square feet. I have to do a trading profit and loss account for year 1 and i also have to do a Balance Sheet. This has to be done for the first 3 years.

    One of the figures(amoung others e.g. purchases and havent a notion where to start with the balance sheetfrown.gif) i'm finding it hard to get is the Professional Fee's e.g. accounting fee's and legal fee for the business for a year. Also would they differ that much every year or would they be the same figure.

    Then there is insurance I have rang up a few insurance companies but when i say i'm doing a project they are not that helpful. I have to get insurance for
    Stock, Public Liability and Employer insurance any idea on what these figures would be for a year??

    Thanks if anyone can answer any of these!!


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