Heavy Metal Praise Records is a recording business that will focus exclusively on Christian Heavy Metal music groups.
The sole founder and owner of Heavy Metal Praise Records is Johnny Young. Johnny is also a founding member of the Skate Ministry and a skateboarder for the last 20 years.
Heavy Metal Praise Records has the following start-up expenses and the purchase of equipment:
Various office supplies.
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | £1,000 |
| Stationery etc. | £100 |
| Rent | £0 |
| Other | £0 |
| Total Start-up Expenses | £1,100 |
| Start-up Assets | |
| Cash Required | £83,900 |
| Start-up Inventory | £0 |
| Other Current Assets | £15,000 |
| Long-term Assets | £0 |
| Total Assets | £98,900 |
| Total Requirements | £100,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | £1,100 |
| Start-up Assets to Fund | £98,900 |
| Total Funding Required | £100,000 |
| Assets | |
| Non-cash Assets from Start-up | £15,000 |
| Cash Requirements from Start-up | £83,900 |
| Additional Cash Raised | £0 |
| Cash Balance on Starting Date | £83,900 |
| Total Assets | £98,900 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £0 |
| Capital | |
| Planned Investment | |
| Johnny | £100,000 |
| Investor 2 | £0 |
| Other | £0 |
| Additional Investment Requirement | £0 |
| Total Planned Investment | £100,000 |
| Loss at Start-up (Start-up Expenses) | (£1,100) |
| Total Capital | £98,900 |
| Total Capital and Liabilities | £98,900 |
| Total Funding | £100,000 |
| Start-up | |
| Requirements | |
| Start-up Expenses | |
| Legal | £1,000 |
| Stationery etc. | £100 |
| Rent | £0 |
| Other | £0 |
| Total Start-up Expenses | £1,100 |
| Start-up Assets | |
| Cash Required | £83,900 |
| Start-up Inventory | £0 |
| Other Current Assets | £15,000 |
| Long-term Assets | £0 |
| Total Assets | £98,900 |
| Total Requirements | £100,000 |
| Start-up Funding | |
| Start-up Expenses to Fund | £1,100 |
| Start-up Assets to Fund | £98,900 |
| Total Funding Required | £100,000 |
| Assets | |
| Non-cash Assets from Start-up | £15,000 |
| Cash Requirements from Start-up | £83,900 |
| Additional Cash Raised | £0 |
| Cash Balance on Starting Date | £83,900 |
| Total Assets | £98,900 |
| Liabilities and Capital | |
| Liabilities | |
| Current Borrowing | £0 |
| Long-term Liabilities | £0 |
| Accounts Payable (Outstanding Bills) | £0 |
| Other Current Liabilities (interest-free) | £0 |
| Total Liabilities | £0 |
| Capital | |
| Planned Investment | |
| Johnny | £100,000 |
| Investor 2 | £0 |
| Other | £0 |
| Additional Investment Requirement | £0 |
| Total Planned Investment | £100,000 |
| Loss at Start-up (Start-up Expenses) | (£1,100) |
| Total Capital | £98,900 |
| Total Capital and Liabilities | £98,900 |
| Total Funding | £100,000 |