Proprietor Ref: UCL/1019

United Construction Co. Dated: 11 April,2015

Lahore.

AUDIT OF ACCOUNTS

We are pleased to enclose accounts of “ United Construction Co." for the year ended
30 June, 2015. We have initialled these accounts for identification purposes only. Kindly
sign these accounts and return the same for our signature.

We also enclose our bill for professional charges for its early
payment.

Thanking.

Karamat Chaudhri & Co.

Chartered Accountants.
Proprietor Ref: UCL/1019
United Construction Co. Dated: 11 April,2015
Lahore.

F E E B ILL

Charges for the Services rendered in Connection with the audit of accounts and
filing of income tax return of " United Construction Co. ” for the year
ended 30 June, 2015.

Tax Fee. 5,000

Audit Fee Rs. 5,000
10,000

Karamat Chaudhri & Co.

Chartered Accountants.
ABDUL QADEER KHAN-INDIVIDUAL
BALANCE SHEET AS AT 30 JUNE, 2020

NOTE 2020 2019 Changes

Rs. Rs. Rs. %

CAPITAL AND LIABILITIES

CAPITAL ACCOUNT
Balance B/F 12,876,500 11,790,000 1,086,500 9.21544
Surplus for the year- 3 1,453,600 1,086,500 367,100 33.7874
Personal Capital 14,330,100 12,876,500 1,453,600 11.2888
Advances and others 18,000,000 - 18,000,000
Business Capital 2,750,000 2,750,000 - 0
35,080,100 15,626,500 19,453,600 124.491
ASSETS -
BUSINESS ASSETS 4 2,750,000 2,750,000 - 0
PERSONAL ASSETS -
Land and Property 5 13,901,724 10,600,000 3,301,724 31.1483
Vehicles 5 800,000 800,000 - 0
14,701,724 11,400,000
Bank Balances 6 17,628,376 1,476,500 16,151,876 1093.93
35,080,100 15,626,500 19,453,600 124.491
- -
The annexed notes form an integral part of these accounts.

Karamat Chaudhri & Co.

Chartered Accountants. Proprietor

ABDUL QADEER KHAN-INDIVIDUAL

PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 30 JUNE, 2020

2020 2019 Changes

RS RS RS %

BUSINESS INCOME
Other Receipts 4,776,000 3,980,000 796,000 20.00
OPERATING EXPENSE -
Staff Salaries & Allowances 1,901,570 1,611,500 290,070 18.00
Utilities Exp. 172,870 146,500 26,370 18.00
Bank Charges 3,457 2,930 527 18.00
Printing & Stationery 103,722 87,900 15,822 18.00
Postage & Courier Charges 138,296 117,200 21,096 18.00
Audit Fee 11,800 10,000 1,800 18.00
Travelling & Conveyance 242,018 205,100 36,918 18.00
Advertisement 228,384 193,546 34,838 18.00
Other Indirect Expense 655,282 555,324 99,958 18.00
3,457,400 2,930,000 527,400 18.00
1,318,600 1,050,000 268,600 25.58
RECEIPTS FROM OTHER SOURCES -
Other Receipts 480,000 400,000 80,000 20.00
SURPLUS BEFORE TAX 1,798,600 1,450,000 348,600 24.04
TAXATION -
Normal - 12,500 (12,500) (100.00)
1,798,600 1,437,500 361,100 25.12
PERSONAL EXPENSE -
House hold expense 345,000 300,000 45,000 15.00
Others 51,000 (51,000) (100.00)
345,000 351,000 (6,000) (1.71)
SURPLUS AFTER TAX TRANSFERRED 1,453,600 1,086,500 367,100 33.79
TO NET WORTH

The annexed notes form an integral part of these accounts.

Karamat Chaudhri & Co.

Chartered Accountants. Proprietor
ABDUL QADEER KHAN-INDIVIDUAL
STATEMENT OFCASH FLOW
FOR THE YEAR ENDED 30 JUNE, 2020

2020 2019
Rs. Rs.

CASH FLOW FROM OPERATING ACTIVITIES

Surplus for the year 1,453,600

1,453,600 -
CHANGES IN WORKING CAPITAL
(Increase)/Decreas in Assets

Increase/(Decreas) in Liabilities
Advances and others 18,000,000
Net cash generated (Used) in operating activities 19,453,600
CASH FLOW FROM INVESTING ACTIVITIES
Vehicles - -
Business Assets (3,301,724) -
Net cash generated (Used) in Investing activities (3,301,724) -
CASH FLOW FROM FINANCING ACTIVITIES -
CASH AND EQUIVALENTS BALANCES-at the beginning of the year 1,476,500 -
CASH AND EQUIVALENTS BALANCES-at the end of the year 17,628,376 -
-
The annexed notes form an integral part of these accounts.

Karamat Chaudhri & Co.

Chartered Accountants. Proprietor
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 JUNE, 2020

1. COMPANY AND ITS OPERATIONS

Abdul Qadeer Khan is a sole proprietor.He is principally engaged
in business of providing Medical services.

2. SIGNIFICANT ACCOUNTING POLICIES

Significant accounting policies of the company are summarized below :-
2.1 Accounting Convention
These accounts have been prepared under the historical cost convention..
2.2 Fixed Assets
Fixed Assets stated at cost less accumulated depreciation except freehold land which is
stated at cost. Depreciation is charged to income applying the reducing balance method.
Normal repairs and maintenance are charged to income as and when incurred and major
repairs are capitalised. Gains and losses on disposals are included in the income of
current year.
2.3 Taxation
Provision for current Taxation is based on current rates of tax.
2.4 Revenue Recognition
Income on incomplete contracts is recognised by making base to their progress and the
quantum of cost incurred against each contract. Net income from completed contract is
recognised upon its completion. Income on investment is recognised upon its receipts.
Gains and losses are recognised on disposals of fixed assets.
5.LAND AND PROPERTY
PARTICULARS COST DEPRECIATION W.D.V.
AS ON ADDITION AS ON RATE FOR THE AS ON
01.07.2019 (Deletion) 30.06.2020 % YEAR 30.06.2020
LAND AND BUILDING - - - - - -
Plot no 242 nishtar town 4,000,000 - 4,000,000 - 4,000,000
Plot no 328-816-212 DHA 1,050,000 1,050,000 1,050,000
Plot no 333-346-602 EME 1,050,000 1,050,000 1,050,000
Plot no 13 Johar Town 4,500,000 4,500,000 4,500,000
10,600,000 10,600,000 10,600,000
MEDICAL EQUIPMENT
MRI Machine 3,301,724 3,301,724 3,301,724
OFFICE EQUIPMENT - - -
FURNITURE AND FIXTURES - - -
3,301,724 3,301,724

MOTOR VEHICLE - - - - -
LEC-16-3988 800,000 - 800,000 - 800,000
LEC-17-769 GIFT - - - - -
800,000 800,000 800,000
2019 11,400,000 3,301,724 14,701,724 - 14,701,724
2018 11,400,000 - 11,400,000 11,400,000

6. CASH AND BANK BALANCE

Habib Metropolitan Bank 17,628,376 -
Cash in Hand-INDIVIDUAL/PERSONAL - 1,476,500
17,628,376 1,476,500

7. GENERAL
Figures have been rounded off to the nearest of rupee.

Karamat Chaudhri & Co.

Chartered Accountants. Proprietor