Limited company accounts

Statement of Financial Position Layout

AQA format

[Company Name]
Statement of financial position at [date]
                                          £
Non-current assets                        X
Current assets                            X
──────────────────────────────────────────
Total assets                              X
──────────────────────────────────────────
Equity:
  Ordinary share capital                  X
  Share premium account                   X
  Revaluation reserve                     X
  Retained earnings                    X/(X)
──────────────────────────────────────────
Total equity                              X
Non-current liabilities                   X
Current liabilities                       X
──────────────────────────────────────────
Total equity and liabilities              X

Notes on the equity section

• Equity replaces the capital section used for sole traders and partnerships
• No drawings entry — shareholders receive dividends, not drawings
• Share capital, share premium, and revaluation reserve must always be positive (credit balances)
• Retained earnings can be positive or negative (accumulated losses)
• Non-current liabilities includes debenture loans, mortgages, and long-term bank loans

Calculating number of shares

Ordinary share capital = number of shares × nominal (face/par) value

• £500 000 of 50p shares → 500 000 ÷ 0.50 = 1 000 000 shares
• £500 000 of £2 shares → 500 000 ÷ 2.00 = 250 000 shares