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Easy Limited Balance Sheet as at 31 December 2006 |
||
|
|
2006 |
2005 |
|
|
£000 |
£000 |
|
|
|
|
|
Non current assets |
5,700 |
3,000 |
|
|
______ |
______ |
|
|
|
|
Current assets |
|
|
|
Inventories |
250 |
165 |
|
Debtors |
740 |
500 |
|
Bank and cash |
2,260 |
1,195 |
|
|
_______ |
_______ |
|
|
3,250 |
1,860 |
Current liabilities |
|
|
|
Trade creditors |
(990) |
(660) |
|
Other creditors and accruals |
(330) |
(220) |
|
Corporation tax |
(1,020) |
(540) |
|
Bank loans and overdrafts |
(760) |
(400) |
|
|
_______ |
_______ |
|
|
(3,100) |
(1,820) |
Non-current liabilities |
|
|
|
Bank loans and overdrafts |
(4,940) |
(2400) |
|
|
|
|
|
|
|
|
|
|
910 |
640 |
|
|
====== |
====== |
Capital and reserves |
|
|
|
Share capital |
100 |
100 |
|
Accumulated profit |
810 |
540 |
|
|
_______ |
_______ |
|
|
910 |
640 |
|
|
====== |
====== |
|
|
|
|
Analysis
|
|
|
|
Stock turnover
(inventories/COS x 365) |
30 |
30 |
|
Debtor days
(debtors/sales x 365) |
30 |
30 |
|
Creditor days
(creditors/purchases x 365) |
60 |
60 |
|
Liquidity
(current assets/current liabilities) |
1.05 |
1.02 |
|
Gearing
(non-current liabilities/cap & res+nlc) |
84% |
79% |
Commentary: Sales growth has
been funded by retained earnings and long-term loans.
|
||