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of the trading and profit and loss account and the balance sheet of Alumwell Motors Ltd
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To: Soya Hoberista and Lord Saber
From: Nishtar Hussain
Reference: Interpretation of the trading and profit and loss account and the balance sheet of Alumwell Motors Ltd
Date: 06/03/12
Introduction
As previously requested, I was informed to provide some financial advice for our new client, Alumwell Motors Ltd. They are a fairly new business with two major shareholders Soya Hoberista and Lord Saber. The businesses core purpose is to purchase and sell new and used cars, however they have just completed their second year of trading. You requested some professional advice on how the business is performing and whether they are in a strong enough position to expand their business. I will also provide financial advice on the first two years' of the trading and profit and loss account and the balance sheets.
The layout and contents of a Profit and Loss Account
Alumwell Motors Ltd
Trading and Profit and Loss Accounts 31 December
2010
2011
Sales
700
800
Less Cost of Sales
450
600
Gross Profit
250
200
Less Expenses
Wages
60
65
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