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Balance Sheets

Last updated May 23, 2023 Edit

A snapshot of the business’ assets (what it owns or is owed) and its liabilities (what it owes) on a particular day

Required by any limited liability company



Total equity: Capital raised from share sales + retained profit

# Assets

# Current Assets

# Non-current Assets

# Liabilities

# Current liabilities

# Non-current liabilities

Net position

Net assets = Total assets (value £) - Total liabilities (value £)

# Other formulae

Total assets = current assets + non-current assets

Total liabilities = current liabilities + non-current liabilities

Working capital = current assets – current liabilities

Total equity = share capital + reserves

# Working Capital