jenna

Can i also ask about where the numbers come from in the P&L reserves. In my own i had:

Year one
*Share capital – the amount invested by myself or investors in the business
*Profit after tax for the year

in yours i see:

*share capital
*Profit and loss brought forward
*Profit and loss for the year

I don’t really understand the brought forward part, since this is my first year of trading. I should note that since these are new business forcasts, there were no opening balances entered.

Thanks, i just want to understand where the numbers have come from, so i know that my profit figures are correct in my business plan.