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Operating Capital Amount Notes
Pre-Opening Salaries and Wages £6,000 Wages pre opening
Prepaid Insurance Premiums £1,000.00 Building Etc
Stock £10,000.00 Estimate
Legal and Accounting Fees £750.00 Accountants advice and assistance company formation
Rent / Vehicle Deposits £2750
Utility Deposits £0.00
Supplies £1,500.00 Miscellaneous items stationery etc
Advertising and Promotions £2,500.00 Leaflets Signage etc
Licenses £250
Lease payments , etc plus other costs not already
Other Initial Start-Up Costs £2,500.00 included
Working Capital (Cash On Hand) £0.00
Total Operating Capital £27500
Total Required Funds £67,500.00

Please refer to the relevant Annexure for supporting quotations.

10.3 Financial Projections

The proper breakdown of these sales can be seen on "Business Division by Profit Margins" sheet
in the financial projections (refer to the financial Annexure).

Projected Income Statement

Year Year Year

2017 2018 2019
Income £276,400 £331,600 £407,966
Cost of
Sales £158,375 £190,050 £233,761
Gross
Profit £118,025 £141,630 £174,204
Payroll £48,383 £50,733 £65,953
Operating
Expenses £32,120 £33,118 £34,147
Earnings
Before £42,067 £57,778 £74,104
Tax
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