Professional Documents
Culture Documents
Accounting period to
Schedule
Income Statement Reference 2009 2008 2007
Dividends
Accounting period to
Schedule
Balance Sheet Reference 2009 2008 2007
ASSETS
Property, plant and equipment L 100 88,561 110,277 134,568
Other non-current assets (including
intangibles)
CURRENT ASSETS
UOB-land 177,126
Inventories M 100 - - -
Trade receivables N 300 429,940 384,999 567,619
Other receivables and prepaid N 400 62,210 52,676 61,733
expenses
Amount due from directors K 200 - - -
HP interest 1,946
Bank and cash balances K 500 7,757 5,536 (17,904)
- 678,979 443,211 611,448 -
CURRENT LIABILITIES
Trade payables O 300 89,085 94,323 267,376
Other payables and prepaid O 400 540,778 479,275 491,368
expenses
Amount due to director 266,795 67,014 49,985
Amount due to related companies
Hire purchase creditors K 300 13,590 10,008 10,000
Trust receipt K 300 - - -
Bank overdraft K 500 - - -
Taxation P 100 (8,595) (8,595) (6,449)
Term loan
- (901,653) (642,025) (812,280) -
NET CURRENT ASSETS - (222,674) (198,814) (200,832) -
SHAREHOLDERS' EQUITY
Share capital K 100 5,000 5,000 5,000
Retained profit (152,275) (118,342) (105,700)
Shareholders:
4,999.00 Yap Kim Long 4,999.00 4,999.00
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
Conclusion:
Based on the work carried out, the shareholder's fund balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: K 200
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation Sdn. Prepared by: Mariah 30.12.2010
Year/Period Ende : 30 September 2009 Reviewed by:
Subject : Amount due from director Reviewed by:
Lead schedule
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
Conclusion:
Based on the work carried out, the related parties balance is fairly stated.
Details:
Balance b/f Additional Payment Balance c/f
RM RM RM RM
Work Done:
Refer audit programme in 5.2.3 Funding Cycle for work done.
LY Corresponds to last year's audited accounts
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the amount due to director balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: K 300
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SdPrepared by: Mariah 30.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Hire Purchase creditor Reviewed by:
Schedule
Detail:
1 unit Mitsubishi - WPL 1326
Agreement No: 8197287808
Engine No: 4M40HC2482
Finance by: Public Finance Bhd
Cost 61,793.99
Insurance 1,824.00
Registration fee -
Deposit 23,617.99
40,000.00
Interest @ 4.17% 6,672.00
46,672.00
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
Conclusion:
Based on the work carried out, the hire purchase creditor balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule:
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SdPrepared by: Mariah 30.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Hire purchase creditor Reviewed by:
Note
Interest in suspence:
After 5 year - -
within 24 mths but not more than 5 years (1,390.00) (1,390.00)
within 12 mths but not more than 24 mths 1,668.00 1,668.00
278.00 278.00
within 12 mths 1,668.00 1,668.00
1,946.00 1,946.00
Net:
After 5 year -
within 24 mths but not more than 5 years 14,980.00
within 12 mths but not more than 24 mths 10,008.00
24,988.00
within 12 mths 10,008.00
34,996.00
P.S.YAP & ASSOCIATES (AF:0851) Schedule:K 500
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation Sdn. Prepared by: Mariah 30.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Bank and cash Balances - Reviewed by:
Lead Schedule
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
є Comfirmations have been sent
Conclusion:
Based on the work carried out, the bank and cash balances are fairly stated.
Work Done:
Refer audit programme in 5.2.3 Funding Cycle for work done.
LY Corresponds to last year's audited accounts
C Casting done
GL Agreed with general ledger
Conclusion:
Based on the work carried out, the cash in hand balances are fairly stated.
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
є Comfirmations have been sent
BS Agreed to bank statements
Conclusion:
Based on the work carried out, the cash at bank balances are fairly stated.
P. S. YAP & ASSOCIATES
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
CLIENT : BLUEUER DESIGN & RENOVATION SDN. BHD. PREPARED BY : Mariah DATE : 12/30/2010
AUDIT YEAR : 30 SEPTEMBER 2009 REVIEWED BY : DATE :
1 Motor vehicles 264,685.60 - (7,150.00) 257,535.60 15% 185,433.72 26,730.77 (5,362.50) 206,801.99 79,251.88 50,733.61
2 Air - conditioner 11,100.00 - - 11,100.00 10% 11,040.00 10.00 - 11,050.00 60.00 50.00
3 Firniture and fittings 1,861.08 - - 1,861.08 10% 1,591.08 90.00 - 1,681.08 270.00 180.00
4 Office equipment 34,876.00 4,560.00 - 39,436.00 10% 18,380.70 3,208.30 - 21,589.00 16,495.30 17,847.00
5 Telephone system / handphone 14,365.00 - - 14,365.00 40% 13,847.20 448.80 - 14,296.00 517.80 69.00
6 Machinery / conditioner 20,916.60 8,990.00 - 29,906.60 10% 7,234.06 2,990.66 - 10,224.72 13,682.54 19,681.88
7 - - - - - -
8 - - - - - -
9 - - - - - -
10 - - - - - -
11 - - - - -
12 - - - - -
347,804.28 13,550.00 (7,150.00) 354,204.28 237,526.76 33,478.53 (5,362.50) 265,642.79 110,277.52 88,561.49
At Cost:-
264,685.60 Motor vehicles 257,535.60 - - 257,535.60
11,100.00 Air - conditioner 11,100.00 - - 11,100.00
1,861.08 Furniture and fittings 1,861.08 - - 1,861.08
34,876.00 Office equipment 39,436.00 - - 39,436.00
14,365.00 Telephone system / handphone 14,365.00 - - 14,365.00
20,916.60 Machinery / container 29,906.60 - - 29,906.60
- - -
- - -
- - -
- - -
347,804.28 354,204.28 354,204.28
Accumulated Depreciation:-
185,433.72 Motor vehicles 206,802.00 - - 206,802.00
11,040.00 Air - conditioner 11,050.00 - - 11,050.00
1,591.08 Furniture and fittings 1,681.08 - - 1,681.08
18,380.70 Office equipment 21,589.00 - - 21,589.00
13,847.20 Telephone system / handphone 14,296.00 - - 14,296.00
7,234.06 Machinery / container 10,224.72 - - 10,224.72
- - -
- - -
- - -
- - -
237,526.76 265,642.80 265,642.80
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
OR Vouched to invoice
Conclusion:
Based on the work carried out, the property, plant and equipment balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: N 100
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ende : 30 September 2009 Reviewed by:
Subject : Revenue Reviewed by:
Schedule
(1,982.00) Overcharges - -
(165.40) Discount - -
Analysis:
2009 2010 Deference %
Revenue ### 1,511,195.31 (45,363.88) -2.91
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the revenue balance is fairly stated. There was decrease
2.91% compare to 2009
P.S.YAP & ASSOCIATES (AF:0851) Schedule: N 100-1
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ende : 30 September 2009 Reviewed by:
Subject : Revenue - West M'sia Reviewed by:
Schedule
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the Revenue balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: N 100-2
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ende : 30 September 2009 Reviewed by:
Subject : Revenue - West M'sia(Cash) Reviewed by:
Schedule
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the revenue balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: N 130
(Chartered Accountants)
Initials Date
Client : Blueuer Design & RenovatiPrepared by: Mariah 23.12.2010
Year/Period Ended: 30 September 2009 Reviewed by:
Subject : Gross profit margin Reviewed by:
analysis
Work Done:
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the gross profit was increase 6.87% compare with year ended
2009. This because the revenue decrease about 2.91% but the cost of sales was decrease about
10.05%. The gross profit margin was increase from 42.16% to 46.41% campare to year ended
2009.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: N 300
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation Sdn. B Prepared by: Mariah 07.01.2010
Year/Period Ended: 30 September 2009 Reviewed by:
Subject : Trade receivables Reviewed by:
Schedule
Details:
###
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
є Comfirmations have been sent
Conclusion:
Based on the work carried out, the trade receivables balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: N 400
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah 30.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Other Receivables and Reviewed by:
Prepaid Expenses- Schedule
Work Done:
C Casting done
GL Agree with general ledger
LY Corresponds to last year's audited accounts
Conclusion:
Based on the work carried out, the other receivables and prepaid expenses balance is fairly
stated.
Other receivables:
Blueuer Enterprise 16,692.59 9,534.00 - 26,226.59
Deposit:
Glenmarie Golf Club 21,000.00 - - 21,000.00
Office rental 2,783.50 - - 2,783.50
John Wong - Sri Duta II 2,000.00 - - 2,000.00
Glenmarie yearly fee 5,000.00 - - 5,000.00
Petronas Card for security 1,500.00 - - 1,500.00
TNB deposit for Tower record 500.00 - - 500.00
Handphone deposit:
- 0176772123 100.00 - - 100.00
- 0173372123 100.00 - - 100.00
Tropicana Management 1,000.00 - - 1,000.00
Superkas Shell 2,000.00 - - 2,000.00
35,983.50 - - 35,983.50
P.S.YAP & ASSOCIATES (AF:0851) Schedule: O 100
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Purchase Reviewed by:
Schedule
Analysis:
2009 2010 Deference %
Purchase 377,147.14 495,262.03 118,114.89 31.32
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the purchase balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: O 100-1
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Credit purchase Reviewed by:
Schedule
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the credit purchase balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: O 100-2
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Cash purchase Reviewed by:
Schedule
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the cash purchase balance is fairly stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: O 100-3
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation SPrepared by: Mariah 23.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : T/R a/c purchase Reviewed by:
Schedule
2,460.58 August - -
- September - -
- October* 115,099.66 115,099.66
- November 20,947.29 20,947.29
- December 38,229.78 38,229.78
- January - -
14,343.10 february - -
- March 24,136.15 24,136.15
88,947.00 April - -
- May 26,192.82 26,192.82
- June 64,629.87 64,629.87
72,348.14 July 22,519.30 22,519.30
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
Conclusion:
Based on the work carried out, the Trust receipt account purchase balance is fairly
stated.
P.S.YAP & ASSOCIATES (AF:0851) Schedule: O 200
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah 21.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Expenses Reviewed by:
Operating expenses
- Accounting fees O201 7,350.00 7,350.00 7,350.00 -
71,985.70 Allowances O 501 76,702.90 76,702.90 4,717.20 6.55
2,940.00 Audit fee O 202 2,940.00 2,940.00 - -
8,260.00 Bonus-staff O 502 7,400.00 7,400.00 (860.00) (10.41)
139,300.25 Depreciation 87,323.10 87,323.10 (51,977.15) (37.31)
7,500.00 Director bonus O 203 8,000.00 8,000.00 500.00 6.67
90,500.00 Director salaries O 203 115,600.00 115,600.00 25,100.00 27.73
8,130.60 Electricity and water 7,099.45 7,099.45 (1,031.15) (12.68)
545.19 Entertainment O 204 730.35 730.35 185.16 33.96
25,224.00 EPF O 505 26,984.00 26,984.00 1,760.00 6.98
200.00 Filing fee O 205 200.00 200.00 - -
5.00 Fine and penalty - - (5.00) (100.00)
470.40 Food and refreshment - - (470.40) (100.00)
5,743.26 Insurance-general O 207 2,251.74 2,251.74 (3,491.52) (60.79)
- Late interest - WMV 9025 O208 145.91 145.91 145.91 -
- Late interest - tax O208 479.41 479.41 479.41 -
14,171.00 Lease of lorry-WMV 9025 O 209 11,810.00 11,810.00 (2,361.00) (16.66)
11,326.00 Lease of motor car-WLL 975 O 209 - - (11,326.00) (100.00)
14,280.00 Lease of motor van-WMD 56 O 209 1,190.00 1,190.00 (13,090.00) (91.67)
1,300.51 Leasing agreement fee - - (1,300.51) (100.00)
640.00 Licence fee O 210 70.00 70.00 (570.00) (89.06)
1,616.95 Medical fee 245.00 245.00 (1,371.95) (84.85)
4,309.39 Parking and toll 6,142.77 6,142.77 1,833.38 42.54
53,534.81 Petrol 52,149.62 52,149.62 (1,385.19) (2.59)
4,135.74 Postage and stamps 4,190.44 4,190.44 54.70 1.32
1,224.10 Printing and stationery 1,386.13 1,386.13 162.03 13.24
2,700.00 Quit rent and assessment O 211 1,997.00 1,997.00 (703.00) (26.04)
45,350.00 Rental O 212 46,550.00 46,550.00 1,200.00 2.65
80.00 Rental of motor vehicles O 212 265.00 265.00 185.00 231.25
501.00 Repairs 317.00 317.00 (184.00) (36.73)
15,151.79 Road tax and insurance O 213 15,498.53 15,498.53 346.74 2.29
- Rubbish fees 240.00 240.00 240.00 -
104,520.00 Salaries O 506 93,745.00 93,745.00 (10,775.00) (10.31)
1,008.00 Secretarial fee O 214 1,008.00 1,008.00 - -
- Seminar fees - safety O215 1,750.00 1,750.00 1,750.00 -
3,038.80 Socso O 507 2,821.05 2,821.05 (217.75) (7.17)
Staff uniforms 105.00 105.00
810.43 Sundry expenses O 216 575.50 575.50 (234.93) (28.99)
945.00 Taxation fee O 217 1,050.00 1,050.00 105.00 11.11
17,793.00 Telephone and teleks charges 15,903.40 15,903.40 (1,889.60) (10.62)
Tenancy agreement fee O 218 300.00 300.00
6,388.90 Transport charges 2,371.30 2,371.30 (4,017.60) (62.88)
8,223.50 Travelling expenses O 219 19,466.65 19,466.65 11,243.15 136.72
1,818.00 Upkeep of air conditioner 1,624.00 1,624.00 (194.00) (10.67)
2,454.00 Upkeep of computer 3,204.00 3,204.00 750.00 30.56
15,503.30 Upkeep of motor vehicles 33,275.25 33,275.25 17,771.95 114.63
540.00 Upkeep of office 1,670.00 1,670.00 1,130.00 209.26
694,168.62 664,127.50 664,127.50 (30,041.12) (4.33)
Financial expenses
170.00 Bank charges 157.50 157.50 (12.50) (7.35)
4.05 Bank commission 0.50 0.50 (3.55) (87.65)
5,603.75 Bank interest 3,899.43 3,899.43 (1,704.32) (30.41)
9,343.14 Hire purchase interest O 206 9,678.78 9,678.78 335.64 3.59
15,120.94 13,736.21 13,736.21 (1,384.73) (9.16)
P.S.YAP & ASSOCIATES (AF:0851) Schedule: O 200
(Chartered Accountants)
Initials Date
Client : Blueuer Design & Renovation Sdn. Bhd. Prepared by: Mariah 21.12.2010
Year/Period Ended : 30 September 2009 Reviewed by:
Subject : Expenses Reviewed by:
- 7,350.00 7,350.00
LY C,GL C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment voucher
Conclusion:
Based on the work carried out, the audit fee balance is fairly stated.
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment voucher
Conclusion:
Based on the work carried out, the audit fee balance is fairly stated.
Director's salaries:
Lee Tai Thye
48,000.00 - RM 4,000 x 5 mths 20,000.00 20,000.00
- RM 5,800 x 7 mths 40,600.00 40,600.00
Ng Chou Hock
42,500.00 - RM 4,000 x 5 mths 20,000.00 20,000.00
- RM 5,000 x 7 mths 35,000.00 35,000.00
Director's bonus:
4,000.00 Lee Tai Thye 4,000.00 4,000.00
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers
Conclusion:
Based on the work carried out, the director's remuneration balance is fairly stated.
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers
Conclusion:
Based on the work carried out, the entertainment balance is fairly stated.
Conclusion:
Based on the work carried out, the filing fee balance is fairly stated.
- 145.91 625.32
LY C,GL,PV C,GL,PV
Work Done:
LY Corresponds to last year's audited balance
C Casting done
GL Agree with general ledger
PV Agree with payment vouchers
Conclusion:
Based on the work carried out, the fine and penalty balance is fairly stated.
Conclusion:
Based on the work carried out, the hire purchase interest balance is fairly stated.
Allianz
1,981.25 - Burglary on No.144, stock - -
Conclusion:
Based on the work carried out, the insurance balance is fairly stated.
Conclusion:
Based on the work carried out, the leasing balance is fairly stated.
Conclusion:
Based on the work carried out, the leasing agreement fee balance is fairly stated.
Conclusion:
Based on the work carried out, the licence fee balance is fairly stated.
Quit rent:
Tanah dan Galian 1,097.00 1,097.00
- No. 144, Jalan Cerdas
Taman Seri Cendekia
56000 Kuala Lumpur
- (RM 494 + RM 603)
Assessment:
Dewan Bandaraya Kuala Lumpur
- No 144, Jalan Cerdas
Taman Seri Cendekia
900.00 56000 Kuala Lumpur 900.00 900.00
Conclusion:
Based on the work carried out, the quit rent and assessment balance is fairly stated.
Conclusion: