United Engineering Service (Smc-Private) Limited
Statement of Financial Position
As At June 30, 2023
Note
Rs
ASSETS
Non-Current Assets
Property, plant & equipments
1
Current Assets
Trade debts
Advances, deposits and prepayments
Cash and bank balances
22,500
22,500
517,114
517,114
539,614
TOTAL ASSETS
EQUITY AND LIABILITIES
Equity
Share capital
Un - appropriated profit
2
Current Liabilities
Trade creditors, accruals and other payables
Provision for taxation
The annexed notes from 1 to 5 form an integral part of these financial statements.
CHIEF EXECUTIVE
150,000
389,614
539,614
539,614
United Engineering Service (Smc-Private) Limited
Statement of Profit or Loss
For The Year Ended June 30, 2023
Rs
Note
Revenue
8,904,590
Cost of revenue
(7,890,000)
Gross profit
1,014,590
Administrative expenses
3
267,000
-
Finance cost
(267,000)
Profit before taxation
747,590
Provision for taxation
(357,976)
Profit for the year
389,614
Un appropriated profit b/f
-
Un appropriated profit c/f
389,614
The annexed notes from 1 to 5 form an integral part of these financial statements.
CHIEF EXECUTIVE
United Engineering Service (Smc-Private) Limited
Statement of Cash Flows
For The Year Ended June 30, 2023
Rs
A CASH FLOWS FROM OPERATING ACTIVITIES
Profit before taxation
Adjustment for:
Depreciation
Finance Cost
Operating profit before working capital changes
2,500
750,090
(Increase) in trade debts
(Increase) in advances, deposits & prepayments
Increase in creditors, accruals and other payables
Cash (used in) operations
750,090
Finance Cost
Income Tax
Net cash from operating activities
(357,976)
392,114
B CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of operating Fixed Assets
Net cash (used in) investing activities
C
747,590
-
CASH FLOWS FROM FINANCING ACTIVITIES
Share capital and share deposit money
Net cash generated from financing activities
-
Net increase in cash & bank balance
Cash and bank balances at beginning of the year
Cash and bank balances at end of the year
392,114
125,000
517,114
CHIEF EXECUTIVE
United Engineering Service (Smc-Private) Limited
Notes To The Financial Statements
For The Year Ended June 30, 2023
2023
Rs
3
4
Revenue
Cost of revenue
Purchases (including expenses)
Opening stocks, stores & spares
Closing stocks, stores & spares
5
8,904,590
7,890,000
7,890,000
7,890,000
ADMIN, SELLING & GENERAL EXPENSES
Salaries & other benefits
167,000
Travelling & conveyance
28,238
Utilities expenses
32,000
Printing & stationery
11,000
Entertainment
25,250
Depreciation
2,500
Misc. expenses
1,012
267,000
-
United Engineering Service (Smc-Private) Limited
Notes To The Financial Statements
For The Year Ended June 30, 2023
1 Property, Plant & Equipment
Rs.
Depreciation
Particulars
Book Value
As At June
30, 2023
As at July
01, 2022
Addition/
(Deletion)
As at June
30, 2023
Rate
%
For the
year
Office equipments
10,000
-
10,000
10
1,000
9,000
Furniture & Fixtures
15,000
-
15,000
10
1,500
13,500
2023
25,000
-
25,000
2,500
22,500
2 Share Capital
2023
2022
Rs.
Rs.
150,000
150,000
150,000
150,000
Authorized share capital
1,500 (2022: 1,500) ordinary shares of Rs. 100 each
Issued, subscribed and paid up
1,500 (2022: 1,500) ordinary shares of Rs. 100 each
each fully paid up in cash.