Subscribe to this topicForums > L&L Credit Reporting Agency and Business Services > Topic: Monthly Financials
| Dec 8th 2007, 08:50 SkyRanger Hammerer |
Monthly Financials | |
| For CEO financial reports only. | ||
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| Jan 6th, 12:31 Sully Okelly |
Re: Monthly Financials | |
| Y-T-D Thru Dec. 07 Y-T-D Thru Nov. 07 P/L Dec. 07 Gross Sales/Deposits Rec'd $ - $13,402 $13,402 Cost of Services - - $ - Gross Profit - 13,402 $13,402 Operating Expenses - - $ - Operating income - 13,402 $13,402 Non-Operating Income/(Expense) - - $- Interest Income - - $- Interest Expense - - $- Net income - 13,402 $13,402 Other Gains (Losses) - - Available for Dividends - - $- Preferred Dividends - - $- Available for Common Shares - 13,402 $13,402 Common Dividends - - $- Added to Retained Earnings - 13,402 $13,402 |
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| Jan 6th, 12:41 Sully Okelly |
Re: Monthly Financials | |
| I guess the forum page is pre-wysiwyg days or it hates tabs, which, of course, excel uses to seperate columns, lol The first numbers represent the prior period, November 2007, which we weren't in business for so all zeros, the second set of numbers are for December 2007 and the third number is Year to Date 2007. The hyphens represent zeros. Basically we took in 13,402 in december and didn't spend any of it. A balance sheet for start up is to follow, but not prepared yet. I will be posting to a web site next month and this shall not take place the same way :) |
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| Jan 20th, 01:53 Sully Okelly |
Re: Monthly Financials | |
| My apologies, in confusion, I never posted this. December 2007 Balance Sheet Assets Cash On Hand $13,402.00 Land (880*$10L) $8,800.00 Intangibles (Credit Agency & Exchange Software - Branding) $2,250,000.00 Other Current Assest $- Total Assets $2,272,202.00 Liabilities Accounts Payable $- Credit Agency Depositors Funds $10,402.00 Insurance & Escrow Funds $- Other Current Liabilities $- Total Liabilities $10,402.00 Equity Total Equity SubTotal $2,261,800.00 Retained earnings - beginning $- Retained earnings - current from P/L Statement $13,402.00 Total Share Holder Equity $2,275,202.00 Checksum (Assets-Liabilities-Equity-Retained Earnings=0) $- |
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| Feb 9th, 12:01 Sully Okelly |
Re: Monthly Financials | |
| Hi All :) I expected to have a web site for financials all done, but alas, we had January 2008 hapen, lol. So here are the financials and we'll try again this month :) LLCRA&BS Profit & (Loss) Statement & Balance Sheet for January 2008 P & L Statement Revenue Received IPO Income $- Web Site Trading Commissions $- Business Plan & Projection Income $25,000.00 Advertising Income $- Credit Service Income $- Data Entry Income $- Accounting & Management Fees $300.00 Web Income $- Affliate Commissions $- Less Accounts Receivables $- Total Revenue Received $25,300.00 Expenses Paid IPO Cost of Sales Expense $- Advertising and Promotions Expense $- Data Entry Cost of Sales Expense $- Web Site Expenses $- Fraud Insurance Fund Payments $- Consultations and Fees $37.00 Miscellaneous $- Salaries and Wages $- Commission Expense $- Affiliate Commission $- Web Site Upgrade Expenses $- Total Expenses Paid Out $37.00 Total Gross Income - Profit/(Loss) $25,263.00 Other Net Income (Misc) $- Other Net Expenses (Misc) $- Total Other Net Profit/(Loss) $- Total Net Profit/(Loss) (Available for Dividends) $25,263.00 Prior Period Retained Earnings $13,402.00 Dividends to Distribute $25,000.00 Common Shares Dividends Paid Out(3697766) $18,488.83 Treasury Shares Dividends Paid Out(1302234) $6,511.17 Total Shareholder Dividends Paid $25,000.00 Total Retained Earnings $13,665.00 January 08' Balance Sheet Assets Cash On Hand $35,585.00 Land (880*$10L) $8,800.00 Intangibles (Credit Agency & Exchange Software) $2,250,000.00 Venture Capital Loans to Startups $- Other Current Assest Total Assets $2,294,385.00 Liabilities Accounts Payable $- Credit Agency Depositors Funds $904.00 Insurance & Venture Capital Escrow Funds $30,000.00 Other Current Liabilities $- Total Liabilities $30,904.00 Equity Total Equity SubTotal $2,263,481.00 Common Stock $- Treasury Stock $- Retained earnings - beginning $13,402.00 Retained earnings - current from P/L Statement $13,665.00 Total Share Holder Equity $2,277,146.00 Checksum (Assets-Liabilities-Equity-Retained Earnings=0) $- Respectfully, Sully Okelly CEO - LLCRA & BS |
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| Mar 14th, 03:34 Sully Okelly |
Re: Monthly Financials | |
| P & L Statement February 2008 Revenue Received IPO Income $- Web Site Trading Commissions $- Business Plan & Projection Income $ 6,000.00 Advertising Income $- Credit Service Income $- Data Entry Income $- Accounting & Management Fees $700.00 Web Income $- Affliate Commissions $- Less Accounts Receivables $- Total Revenue Received $ 6,700.00 Expenses Paid IPO Cost of Sales Expense $- Advertising and Promotions Expense $- Data Entry Cost of Sales Expense $- Web Site Expenses $- Fraud Insurance Fund Payments $- Consultations and Group Fees $ 137.00 Miscellaneous $- Salaries and Wages $ 18,000.00 Commission Expense $- Affiliate Commission $- Web Site Upgrade Expenses $- Total Expenses Paid Out $ 18,137.00 Total Gross Income - Profit/(Loss) $ (11,437.00) Other Net Income (Misc) $- Other Net Expenses (Misc) $- Total Other Net Profit/(Loss) $- Total Net Profit/(Loss) (Available for Dividends)(11,437.00) Prior Period Retained Earnings $13,655.00 Dividends to Distribute $- Common Shares Dividends Paid Out(3697766) $- Treasury Shares Dividends Paid Out(1302234) $- Total Shareholder Dividends Paid $- Total Retained Earnings $2,218.00 February 08' Balance Sheet Assets Cash On Hand $ 14,434 Land (880*$10L) $ 8,800.00 Intangibles (Credit Agency & Exchange Software) $ 2,250,000.00 Venture Capital Loans to Startups $- Other Current Assest Total Assets $ 2,273,234.00 Liabilities Accounts Payable $- Credit Agency Depositors Funds $904.00 Insurance & Venture Capital Escrow Funds $70,000.00 Other Current Liabilities $- Total Liabilities $70,904.00 Equity Equity SubTotal $2,202,330.00 Common Stock $- Treasury Stock $- Retained earnings - beginning $13,655.00 Retained earnings - current from P/L Statement $2,218.00 Total Share Holder Equity $2,204,548.00 Checksum (Assets-Liabilities-Equity-Retained Earnings=0) $- Financial Statement Comments February saw limited completion of various projects, Payment of some payroll and Alignment for IPOing our first offering to the public. The company is poised to earn significantly over the next quarter, with very limited expenses. Respectfully, Sully Okelly CEO - LLCRA & BS |
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| Apr 14th, 02:40 Sully Okelly |
Re: Monthly Financials | |
| P & L Statement March 2008 Revenue Received IPO Income $- Web Site Trading Commissions $- Business Plan & Projection Income $- Advertising Income $- Credit Service Income $- Data Entry Income $- Accounting & Management Fees $800.00 Web Income $- Affliate Commissions $- Less Accounts Receivables $- Total Revenue Received $ 800.00 Expenses Paid IPO Cost of Sales Expense $- Advertising and Promotions Expense $- Data Entry Cost of Sales Expense $- Web Site Expenses $- Fraud Insurance Fund Payments $- Consultations and Group Fees $ 37.00 Miscellaneous $- Salaries and Wages $- Commission Expense $- Affiliate Commission $- Web Site Upgrade Expenses $- Total Expenses Paid Out $ 37.00 Total Gross Income - Profit/(Loss) $ 763.00 Other Net Income (Misc) $- Other Net Expenses (Misc) $- Total Other Net Profit/(Loss) $- Total Net Profit/(Loss) (Available for Dividends) $ 2,981.00 Prior Period Retained Earnings $ 2,218.00 Dividends to Distribute $- Common Shares Dividends Paid Out(3697766) $- Treasury Shares Dividends Paid Out(1302234) $- Total Shareholder Dividends Paid $- Total Retained Earnings $763.00 March 08' Balance Sheet Assets Cash On Hand $ 67,094.00 Land (880*$10L) $ 8,800.00 Intangibles (Credit Agency & Exchange Software) $ 2,250,000.00 Venture Capital Loans to Startups $- Other Current Assest Total Assets $ 2,325,894.00 Liabilities Accounts Payable $- Credit Agency Depositors Funds $885.00 Insurance & Venture Capital Escrow Funds $119,200.00 Other Current Liabilities $- Total Liabilities $120,085.00 Equity Equity SubTotal $ 2,205,809.00 Common Stock $- Treasury Stock $- Retained earnings - beginning $2,218.00 Retained earnings - current from P/L Statement $ 763.00 Total Share Holder Equity $ 2,205,046.00 Checksum (Assets-Liabilities-Equity-Retained Earnings=0) $- Financial Statement Comments March produced further preparation for our first offering to the public and then a need to completely reassess projections, due to the announced change of land pricing by Linden Labs. A meeting for these changes is scheduled for this evening and further announcemnets will follow. These changes will affect ALL of the startups we are working with currently and most in a positive fashion, by reducing startup costs. The still company is poised to earn significantly over the next quarter, with very limited expenses. KFE is ready for IPO, which shall launch this week on LLFS! Kristjan Flanagan has sold 1.5 Sims in 5 weeks, while taking 8 days off for a vacation! Gr8 Job Kristjan! Those interested in an investors package, please contact me, so you are on the list :) I would also like to welcome Arnaud Villota to our team. He joins us as an assistant to myself and will be a client liason, assist in business plan writing and prospectus development. He and I will work closely together with each client. We are very grateful for his joining us :) Respectfully, Sully Okelly CEO - LLCRA & BS |
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