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Prepare a Statement of Financial Position for Rattle Ltd as of January 31, 2023, using the provided data and calculations.

Accounting

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Answer

BWP4,314,000\text{BWP}4,314,000

Here is the detailed Statement of Financial Position for Rattle Ltd as of 31 January 2023:

Rattle Ltd\textbf{Rattle Ltd} Statement of Financial Position\textbf{Statement of Financial Position} As at 31 January 2023\textbf{As at 31 January 2023} AssetsBWP’000Non-current AssetsPlant and Machinery (440 - 198)242Furniture and Fittings610Motor Vehicles (620 - 372)248Equipment1,633Total Non-current Assets2,733Current AssetsInventory436Trade Receivables1,090Cash in hand and at bank55Total Current Assets1,581Total Assets4,314Equity and LiabilitiesEquityIssued Share Capital1,350General Reserve440Revaluation Reserve141Retained Profits697Total Equity2,628Non-current Liabilities10-year Loan notes450Deferred Tax138Total Non-current Liabilities588Current LiabilitiesTrade Payables949Corporation Tax83Bills payable in 12 months39Bank overdraft payable in 6 months27Total Current Liabilities1,098Total Equity and Liabilities4,314\begin{array}{lrr} \hline \textbf{Assets} & & \textbf{BWP'000} \\ \textbf{Non-current Assets} & & \\ \text{Plant and Machinery (440 - 198)} & 242 & \\ \text{Furniture and Fittings} & 610 & \\ \text{Motor Vehicles (620 - 372)} & 248 & \\ \text{Equipment} & 1,633 & \\ \text{Total Non-current Assets} & & 2,733 \\ \\ \textbf{Current Assets} & & \\ \text{Inventory} & 436 & \\ \text{Trade Receivables} & 1,090 & \\ \text{Cash in hand and at bank} & 55 & \\ \text{Total Current Assets} & & 1,581 \\ \hline \textbf{Total Assets} & & \textbf{4,314} \\ \hline \hline \\ \textbf{Equity and Liabilities} & & \\ \textbf{Equity} & & \\ \text{Issued Share Capital} & 1,350 & \\ \text{General Reserve} & 440 & \\ \text{Revaluation Reserve} & 141 & \\ \text{Retained Profits} & 697 & \\ \text{Total Equity} & & 2,628 \\ \\ \textbf{Non-current Liabilities} & & \\ \text{10-year Loan notes} & 450 & \\ \text{Deferred Tax} & 138 & \\ \text{Total Non-current Liabilities} & & 588 \\ \\ \textbf{Current Liabilities} & & \\ \text{Trade Payables} & 949 & \\ \text{Corporation Tax} & 83 & \\ \text{Bills payable in 12 months} & 39 & \\ \text{Bank overdraft payable in 6 months} & 27 & \\ \text{Total Current Liabilities} & & 1,098 \\ \hline \textbf{Total Equity and Liabilities} & & \textbf{4,314} \\ \hline \hline \end{array}

The total assets are BWP4,314,000\boxed{\text{BWP}4,314,000}.

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