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Profit & Loss Statement (Forecast)

 

FY2018 FY2019 FY2020
Revenue £288,945 £423,233 £564,108
Direct Cost £69,120 £101,863 £155,735
Gross Margin £219,825 £321,370 £408,374
Gross Margin % 76% 76% 72%
Operating Expenses
Salary £104,750 £144,973 £176,822
Employee Related Expenses £20,426 £28,270 £34,968
Advertising & Marketing £29,640 £31,122 £32,678
Bank Fees £1,440 £2,160 £3,240
Consulting £4,800 £7,200 £10,800
Insurance £600 £900 £1,350
IT Software £2,400 £2,520 £2,646
Legal £7,200 £7,560 £8,694
Office Supplies £480 £504 £529
Rent £4,200 £8,820 £18,522
Telephone & Internet £1,500 £1,575 £1,654
Travel £2,400 £2,520 £2,646
Utilities £900 £1,890 £3,969
Web Hosting £480 £504 £529
Major Purchases £7,920 £12,480 £21,840
Total Operating Expenses £189,136 £252,997 £320,887
Operating Income
Depreciation £1,980 £1,980 £1,980
Total Expenses £260,236 £356,840 £478,601
Net Profit (Before Tax) £28,709 £66,393 £85,507
Corporation Tax £5,455 £12,615 £16,246
Net Profit (After Tax) £23,254 £53,779 £69,261
Net Profit / Sales 8% 13% 12%
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