HomeMy WebLinkAboutSuperior (EXEMPT Financial Statement) SUPERIOR LANDSCAPING &LAWN SERVICE, INC. AND AFFILIATE
BALANCE SHEETS
JUNE 30,2016 .
ASSES SUPERIOR OTERO EIiuunatingFairy Total
• CURRENT ASSETS
Cash $ 891;903 $ 5,676 $ - $ 897;579
Contracts receivable(net of allowance) 4,296,567 - - 4,296,567
Prepaid expenses 113,241 - - 113,241
Costs and estimated earning in excess of billings-
on
illings on uncompleted contracts 563,536 - - 563 536
Total currant assets 5,865,247 5,676 - 5,870,923
PROPERTY AND EQUIPMENT—NET 1,320,856 482,097 - 1,802,953
Oi l I ER ASSETS 53,612 16,441 - 70,053
$ 7,239,715 $ 504,214 8 - $ 7,743,929
LIABILITIES AND STOCK HOIDER'S.EQIJI'1'1'
• CURRENT LIABILITIES
Short term-borrowings $ 460,000 $ - $ - $ 460,000 I
Current portion of long-tcnn debt 218,357 17,986 - 236,343 1
Accounts payable—trade 859,622 7,787 - 867,409
Accnted liabilities 28,403 - - 28,403
Billings in excess of costs and estimated earnings I
on uncompleted contracts — 2,444,337 - - 2,444,337 I
Total current liabilities 4,010,719 25,773 - 4,036,492
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LONG-TERM DEBT 275,272 419,524 - 694,796I
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STOCKHOLDER'S EQUITY I
Common stock—100 shares of$1 par value I
authorized,issued and outstanding 100 - - 100
Additional paid iii capital 400 .65,998 - 66,398
Retained earnings(deficit) 2,953;224 (7,081) - 2,946,143
2,953,724 58,917 - 3,012,641
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7,239,715 $ 504,214 $ - 8 7,743,9.29
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Th6'accoiuprinying notes arc an integral part of these statements
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