Accounts help

[Paul]

Attached is the accounts of a company (details deleted) that I would like info on, not got much idea myself, anyone take a look and give me the bottom line on what it earnt in the period and what it's worth?

 

Edit: cleared details - thanks for info

[Scooter]

can you get hold of the (ideally detailed) Profit and loss account for the period?

[Scooter]

The accounts period is over a year, they may have changed their year end or it may be their first year's accounts, do you know?

[Paul]

First years accounts, set up in Feb 2015 I think ?

[Scooter]

Ok so that means the Profit and loss account from the balance sheet is the profit for that whole period, not an accumulation of prior years profits and/or losses. On the face of it quite a low profit but then we don't know the levels of salary being taken by the directors?

[tintinmt]

You need a lot more information than that to work out what the business is worth - if that's what you mean.

Even with detailed management accounts you will likely end with it being worth - what someone will pay for it.

This is especially true as the business has no track record.