assignment 1 - bamboo castle - 1 Introduction With the...

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1. Introduction: With the inherited money, I will start a small Indian restaurant and take away. This industry has got a rich history and luminous heritage in United Kingdom. The name of the restaurant is Bamboo Castle. The inspiration of this name came from a castle built only using bamboo in India to fight against the colonial power. 1. Scope This business plan will shed light only on the financial aspect of the business. The financial aspect covers trial balance, pro forma profit and loss account and pro forma balance sheet for the first two years of business. I have shown all types of cost that is relevant for the business in the pro forma profit and loss account. i also have illustrated the all the balance sheet. Than at the end , I prepared the trial balance to show that the amount of debit is equal to the amount of credit, this is very crucial for a company to show that the amount of debit is equal to the amount of credit. 2. Financial Aspect: 1. Pro forma profit and loss account Bamboo Castle 2009 2010 SALES £ 110,000 £ 115,000 Cost of Goods Sold £ 43,750 £ 47,600 Gross Profit £ 66,250 £ 67,400 Gross Margin % 60.23% 58.61% OPERATING EXPENSES £ 800 £ 850 Advertising £ 500 £ 500 Auto Expenses £ 3,000 £ 1,000 Credit card processing £ 700 £ 800 £ 800 £ 1,000 Cleaning / Janitorial Services £ 600 £ 800 Charitable Donations £ 200 £ 250 Provision for Employer Taxes £ 1,000 £ 1,100 £ 600 £ 750 Gifts £ 250 £ 250 Gross Wages £ 20,000 £ 22,000 Insurance £ 3,000 £ 3,000 Kitchen Utensils £ 8,000 £ 2,500 £ 2,000 £ 2,200 Miscellaneous Expenses £ 500 £ 500 Musician / Music £ 500 £ 500 Paper & Printing Services £ 300 £ 500
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assignment 1 - bamboo castle - 1 Introduction With the...

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