John Flynn Balance Sheets as at 31 December

Draw up a cash flow statement for John Flynn for the year ended 31 December 20X9. You are told that fixtures bought in 20X9 cost £400, whilst a van was bought for £4,000.

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Fixed assets Buildings Fixtures less Depreciation Van less Depreciation Current Assets Stocks Trade debtors Bank Cash Current Liabilities Creditors Bank overdraft Loan (repayable in 10 years' time) Represented by 20X8 20X9 5,000 5,000 1,800 2,000 2,890 5,470 9,690 12,470 3,000 8,410 4,860 5,970 3,100 350 11,310 150 14,530 2,900 2,040 1,260 (2,900) (3,300) 8,410 11,230 18,100 23,700 (2,000) ( 5,000) 16,100 18,700 Capital account: Balance at 1 January 15,500 16,100 Add Net profit for the year 6,800 7,900 Cash introduced 2,500 22,300 26,500 Less Drawings ( 6,200) (7,800) 16,100 18,700