Decisions 2021-2026
Here are our short-term to long-term financial decisions starting from 2021 to 2026.
The following table and graph shows the firm's annual wages of the staff at the firm over the next five years including any new staff we will employ, and the total for each year.
(Inc. VAT)
(Inc. VAT)
The following table and graph show the annual cost of consumables including viable and fixed costs over the next five years.
(Inc. VAT)
(Inc. VAT)
Following table and graph showing our long-capital costs over the next five years. It includes software upgrades new computers, furniture for new staff, etc.
(Inc. VAT)
(Inc. VAT)
Following table and graph showing our revenue costs over the next five years. We have set a £2000 budget on the marketing but we manage to keep within the budget by using marketing/networking through free sites too keep costs low.
(Inc. VAT)
(Inc. VAT)
The following table and graph show our loan repayments over a four year period. This was worked out using the Barclays Bank PLC business loan calculator, our loan provider. A loan of £25,000 was taken and repayment is over 48 months at a 8.50% interest. We manage to pay back our loan by the end of 2024.
The following table and graph show our annual insurance payments over the next five years. The insurances are covered by Barclays Bank PLC.
We double insurance is shown, that includes insuring our Pop-up shop property.
We double insurance is shown, that includes insuring our Pop-up shop property.
The following table and graph show our payments towards our partners who invested in our business. Our partners start asking for repayments from 2024 onwards.
The following table and graph show our payments towards our contingency planning. We pay towards it when we have made some profit and also as the beginning of the business.
The following table and graph shows our total annual cash flow going out over the next five years and including the start-up.
(Inc. VAT)
(Inc. VAT)
The following table and graph show our total annual cash flow coming in. This includes not only our income but investments, loans, grants too.
Our projects increase as during the first five years.
An example of the projects we do each year:
2021: 6 x £20,000
2022: 1 x £50,000, 6 x £20,000
2023: 2 x £50,000, 7 x £20,000
2024: 3 x £50,000, 5 x £20,000
2025: 1 x £80,000, 1 x £50,000, 6 x £20,000.
2026: 2 x £80,000, 1 x £50,000, 6 x £20,000
As tutors each will be paid £21,000p/year (this is reduced due to paying tax). At the beginning four of the staff will be tutors but this will increase as we gain more staff.
Other income includes freelance architectural writing, rendering and consultation, renting of shop space/services. The prices we charge for this can be found on our PRICES page.
(Inc. VAT)
Our projects increase as during the first five years.
An example of the projects we do each year:
2021: 6 x £20,000
2022: 1 x £50,000, 6 x £20,000
2023: 2 x £50,000, 7 x £20,000
2024: 3 x £50,000, 5 x £20,000
2025: 1 x £80,000, 1 x £50,000, 6 x £20,000.
2026: 2 x £80,000, 1 x £50,000, 6 x £20,000
As tutors each will be paid £21,000p/year (this is reduced due to paying tax). At the beginning four of the staff will be tutors but this will increase as we gain more staff.
Other income includes freelance architectural writing, rendering and consultation, renting of shop space/services. The prices we charge for this can be found on our PRICES page.
(Inc. VAT)
The following table and graph so the amount of our annual income vs. the amount that is left after Tax Returns are made. The HM Revenue & Customs charge businesses 20% Tax Return.
The following and last table and graph show our Total Costs vs. Sales Revenue vs. Fixed Costs. We mange to break-even near the end of 2024.