M B Yogish Kumar, Harshith Veeners, Belur Road, Hassan-573201
Balance Sheet as at 31st March 2024
Liabilities Amount Amount Assets Amount Amount
Cash on Hand 25,400
Secured Loans:
From Bank 1,12,71,417 Cash at Banks 4,92,264
Unsecured Loans 35,30,000 Advances and Deposits 9,52,000
Capital Account 86,30,676 Shares and Investments 31,000
Sundry Creditors: Fixed Assets as per Schedule 1,85,97,182
For Purchase 19,29,152
For Expenses 2,01,405 Sundry Debtors 42,19,203
Closing Stock 12,45,600
2,55,62,649 2,55,62,649
Signature of Assessee
(M B Yogish Kumar) Archana K A
Place: Hassan CHARTERED ACCOUNTANT
Date: 08-11-2024
M B Yogish Kumar, Harshith Veeners, Belur Road, Hassan-573201
Profit and Loss Account for the Year Ended 31st March 2023
Particulars Amount Amount Particulars Amount Amount
To Opening Stock 10,65,800 By Sales 1,71,22,350
" Purchase 5,45,019 " Closing Stock
" URD Purchase 1,31,37,322 (Certified by the Assessee) 12,45,600
" Gross Profit c/d 36,19,809
1,83,67,950 1,83,67,950
" Salary and Wages 4,26,688 " Gross Profit b/d 36,19,809
" Rent 1,80,000
" Telephone Charges 1,326
" Interest on Loans 3,88,620
" EPF 12,968
" Light Charges 2,89,216
" Bank Charges 1,24,807
" Office Expenses 3,120
" Staff Welfare Expenses 35,000
" Vehicle Maintenance 1,23,600
" Bank Interest on OD 3,16,587
" Accounting Charges 54,000
" Depreciation Account 94,089
" Net Profit Transferred to Capital A/c 15,69,788
36,19,809 36,19,809
Signature of Assesse
(M B Yogish Kumar) N L Prasad
Archana K A
Place: Hassan CHARTERED ACCOUNTANT
Date: 08-11-2024
M B Yogish Kumar, Harshith Veeners, Belur Road, Hassan-573201
Capital Account as at 31.03.2024
Particulars Amount Particulars Amount
To Drawings 1,80,000 By Balance B/d 82,75,315
" Advance Tax 75,000 " Rental Income 1,44,000
" Depreciation account 11,74,677 " Agricultural Income 4,36,500
" Interest on Housing Loan 3,65,250
" Net Profit During the Year 15,69,788
" Balance C/d 86,30,676
1,04,25,603 1,04,25,603
Signature of Assesse
(M B Yogish Kumar) Archana K A
Place: Hassan CHARTERED ACCOUNTANT
Date: 08-11-2024
M B Yogish Kumar, Harshith Veeners, Belur Road, Hassan-573201
Schedule of Fixed Assets
W.D.V. as on 01- W.D.V. as on
Particulars Rate Depreciation
04-2023 31-03-2024
Motor Car 3,11,956 15% 46,793 2,65,163
New Ford Endover 28,23,675 15% 4,23,551 24,00,124
Machinery 50,07,506 15% 7,51,126 42,56,380
Honda Active Bike 5,000 15% 750 4,250
Computer, Laptop (2018-19) 14,794 40% 5,918 8,876
Ninja 650CC Bike 5,41,701 15% 40,628 5,01,074
New Factory at Hassan KIADB Mysore Road 69,73,255 - - 69,73,255
Residential House 26,21,159 - - 26,21,159
Site 4,32,380 - - 4,32,380
Agricultural Land 11,34,522 - - 11,34,522
Total 1,98,65,948 12,68,766 1,85,97,182
Signature of Assesse
(M B Yogish Kumar) Archana K A
Place: Hassan CHARTERED ACCOUNTANT
Date: 08-11-2024
M B YOGISH KUMAR
HARSHITHA VEENERS
Belur Road, Hassan-573201
Schedule to Balance Sheet As at 31-03-2024
I. Cash at Banks:
Canara Bank, Hassan 8,423
S D C C Bank, Karkala 8,560
Bandan Bank 68,335
ICICI Bank 3,75,000
Union Bank of India 31,946 4,92,264
II. Advances and Deposits:
Rent Advance 5,00,000
Harshith 4,50,000
KST 2,000 9,52,000
III. Sundry Creditors:
DECCAN PLYWOODS 2,89,700
Lotus Enterprises 9,00,000
PREMIER ENTERPRISES 5,60,098
United Associates 1,79,354 19,29,152
IV. Sundry Debtors:
Inwad Panels (64,851)
K A Boards & Doors 16,72,164
Sharada Timbers 3,35,000
SLV Wood & Playwood 58,676
RD & Co 2,25,085
Sri Adi Enterprises 12,81,541
Mohit Industries 54,784
Globle Enterprises 10,620
KNS Doors and Plywoods 4,43,740
Rekha Board 22,540
Uma Wood Industries 50,003
Ram Veeners 49,282
H N K Wood Industries 80,619 42,19,203
V. Secured Loans:
ICICI Bank Property Loan 34,70,026
Bandan Bank 5,88,213
HDB 3,75,000
ICICI Bank A/c No-17401 21,59,346
ICICI Bank OD 22,50,000
ICICI Bank Car Loan 21,28,832
Varanga Co Operative Bank 3,00,000 1,12,71,417
VI. Unsecured Loans:
Laxman 10,80,000
Lokesh 4,00,000
Bharathi 6,00,000
House Lease Advance 14,50,000 35,30,000
VII. Shares and Investments:
RLD Bank, Karkala 700
Varanga Co-Operative Bank, Varanga 30,300 31,000
VIII. Sundry Creditors for Expenses:
GST Payable 1,96,192
Others 5,213 2,01,405
Signature of Assesse
(M B Yogish Kumar)
Place: Hassan Archana K A
Date: 08-11-2024 CHARTERED ACCOUNTANT
