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Small Business Profit and Loss Statement2

The document outlines the financial overview of a medical office start-up, detailing total expenses of £582,860 against a budget of £583,910, resulting in a slight under-budget of £1,050. It also highlights total funding of £620,000, exceeding the budget of £600,000 by £20,000, with a net income of £253,175.93 projected for the year after accounting for expenses and taxes. The breakdown includes categories such as administrative costs, location expenses, marketing, and labor, all of which are detailed with their respective budget and actual figures.

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20 views6 pages

Small Business Profit and Loss Statement2

The document outlines the financial overview of a medical office start-up, detailing total expenses of £582,860 against a budget of £583,910, resulting in a slight under-budget of £1,050. It also highlights total funding of £620,000, exceeding the budget of £600,000 by £20,000, with a net income of £253,175.93 projected for the year after accounting for expenses and taxes. The breakdown includes categories such as administrative costs, location expenses, marketing, and labor, all of which are detailed with their respective budget and actual figures.

Uploaded by

Nermeen Yosri
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd

Company Name

Medical Office Start-up


Overview
START-UP OVERVIEW Budget Actual (Under) / Over

Total expenses £ 583,910.00 £ 582,860.00 -£ 1,050.00

Administrative / General £ 10,200.00 £ 9,150.00 -£ 1,050.00


Location / Office £ 354,910.00 £ 354,910.00 £ -
Marketing £ 13,300.00 £ 13,300.00 £ -
Labour £ 205,000.00 £ 205,000.00 £ -
Other £ 500.00 £ 500.00 £ -

Total Funding £ 600,000.00 £ 620,000.00 £ 20,000.00

Investors £ 80,000.00 £ 80,000.00 £ -


Loans £ 500,000.00 £ 495,000.00 -£ 5,000.00
Additional Funding £ 20,000.00 £ 45,000.00 £ 25,000.00

Funding Less Expenses £ 16,090.00 £ 37,140.00 £ 21,050.00

START-UP FUNDING Budget Actual (Under) / Over

Investors
Owner 1 £ 50,000.00 £ 50,000.00 £ -
Owner 2 £ 30,000.00 £ 30,000.00 £ -
Owner 3 £ - £ - £ -
Other £ - £ - £ -
Total £ 80,000.00 £ 80,000.00 £ -

Loans
Bank Loan £ 450,000.00 £ 450,000.00 £ -
Non-Bank Loan £ 50,000.00 £ 45,000.00 -£ 5,000.00
Other £ - £ - £ -
Total £ 500,000.00 £ 495,000.00 -£ 5,000.00

Additional Funding
Grant £ 20,000.00 £ 45,000.00 £ 25,000.00
Other £ - £ - £ -
Total £ 20,000.00 £ 45,000.00 £ 25,000.00

Total Start-up Funding £ 600,000.00 £ 620,000.00 £ 20,000.00


Company Name
Medical Office Start-up
Overview
START-UP EXPENSES Date Due Budget Actual (Under) / Over

Administrative / General
Permits £ 1,500.00 £ 1,500.00 £ -
Insurance £ 3,400.00 £ 3,200.00 -£ 200.00
Legal £ 300.00 £ 450.00 £ 150.00
Business Consultant £ 2,500.00 £ 2,000.00 -£ 500.00
Training £ 2,000.00 £ 1,500.00 -£ 500.00
Software (General) £ 500.00 £ 500.00 £ -
Other £ - £ - £ -
Total £ 10,200.00 £ 9,150.00 -£ 1,050.00

Location / Office
Space Rental / Lease £ 50,000.00 £ 50,000.00 £ -
Utility Costs £ 2,500.00 £ 2,500.00 £ -
Telephone Set-Up & Annual Cost £ 410.00 £ 410.00 £ -
Furniture £ 15,000.00 £ 15,000.00 £ -
Medical Equipment £ 150,000.00 £ 150,000.00 £ -
Hardware £ 10,000.00 £ 10,000.00 £ -
Software (CRM, etc) £ 7,000.00 £ 7,000.00 £ -
Installation Fees £ 5,000.00 £ 5,000.00 £ -
Start Up Inventory (Pharma) £ 100,000.00 £ 100,000.00 £ -
Medical Supplies (Gloves, Etc) £ 5,000.00 £ 5,000.00 £ -
Miscellaneous £ 10,000.00 £ 10,000.00 £ -
Other £ - £ - £ -
Total £ 354,910.00 £ 354,910.00 £ -

Marketing
Logo Design £ 300.00 £ 300.00 £ -
Branding / Identity Development £ 200.00 £ 200.00 £ -
Launch Advertising £ 10,000.00 £ 10,000.00 £ -
Website £ 700.00 £ 700.00 £ -
Printed Marketing Pieces £ 500.00 £ 500.00 £ -
Promo Materials £ 500.00 £ 500.00 £ -
Listing Fees £ 300.00 £ 300.00 £ -
Internet Marketing £ 100.00 £ 100.00 £ -
Trade Shows £ 500.00 £ 500.00 £ -
Networking Events £ 200.00 £ 200.00 £ -
Other £ - £ - £ -
Total £ 13,300.00 £ 13,300.00 £ -
Company Name
Medical Office Start-up
Overview
START-UP EXPENSES Date Due Budget Actual (Under) / Over

Labour Expenses
Job-Listing Fees £ - £ - £ -
Payroll £ 200,000.00 £ 200,000.00 £ -
Training £ 5,000.00 £ 5,000.00 £ -
Other £ - £ - £ -
Other £ - £ - £ -
Other £ - £ - £ -
Total £ 205,000.00 £ 205,000.00 £ -

Other
Contingencies Reserve £ - £ - £ -
Launch Party £ 500.00 £ 500.00 £ -
Other £ - £ - £ -
Other £ - £ - £ -
Other £ - £ - £ -
Total £ 500.00 £ 500.00 £ -

Total Start-up Expenses £ 583,910.00 £ 582,860.00 -£ 1,050.00


Company
Name
Profit & Loss Sheet
INCOME January February March April May June July August September October November December YTD

Estimated Sales £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 80,000.00 £ 960,000.00

Less (Discounts, Errors, etc) -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 5,000.00 -£ 60,000.00

Service revenue £ - £ - £ - £ - £ - £ - £ - £ - £ - £ - £ - £ - £ -

Other revenue £ - £ - £ - £ - £ - £ - £ - £ - £ - £ - £ - £ - £ -

Net sales £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 75,000.00 £ 900,000.00

Cost of Goods Sold £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 1,000.00 £ 12,000.00

Gross profit £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 74,000.00 £ 888,000.00

EXPENSES January February March April May June July August September October November December YTD

Administrative General £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 912.50 £ 10,950.00

Location / Office £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 29,575.00 £ 354,900.00

Marketing £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 1,108.00 £ 13,296.00

Labour £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 17,083.33 £ 204,999.96

Other £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 500.00 £ 6,000.00

Total expenses £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 49,178.83 £ 590,145.96

Income before taxes £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 24,821.17 £ 297,854.04

Income tax expense £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 3,723.18 £ 44,678.11

NET INCOME £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 21,097.99 £ 253,175.93

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