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zesty

  • Posts: 2452
Yearly expenses for sole traders?
« on: January 13, 2024, 09:28:01 pm »
How much a year are you spending in expenses, diesel, poles, water etc etc.

I remember the days it was pittance.


Shrek

  • Posts: 3931
Re: Yearly expenses for sole traders?
« Reply #1 on: January 13, 2024, 10:02:18 pm »
This year was expensive for me, bought a new 650ltr tank and frame , an extra purefeedom electric hose reel , pole sections , filters for my 4040 , 10 brushes and just basically doubling up on everything . So iv basically got a whole new set up as a back up plus the normal consumables I usually buy

KS Cleaning

  • Posts: 3952
Re: Yearly expenses for sole traders?
« Reply #2 on: January 14, 2024, 09:43:35 am »
The last financial year I was 4.5k in expenses.

KS Cleaning

  • Posts: 3952
Re: Yearly expenses for sole traders?
« Reply #3 on: January 14, 2024, 09:47:46 am »
How much a year are you spending in expenses, diesel, poles, water etc etc.

I remember the days it was pittance.
Don’t forget a Sole Trader can have employees so their expenses will be higher. Did you mean yearly expenses for a one man band?

dazmond

  • Posts: 23966
Re: Yearly expenses for sole traders?
« Reply #4 on: January 14, 2024, 09:49:45 am »
How much a year are you spending in expenses, diesel, poles, water etc etc.

I remember the days it was pittance.

Between £7500-£8000.it used to be around 2k a year when trad
price higher/work harder!

Bungle

  • Posts: 2389
Re: Yearly expenses for sole traders?
« Reply #5 on: January 14, 2024, 10:24:40 am »
How much a year are you spending in expenses, diesel, poles, water etc etc.

I remember the days it was pittance.

Between £7500-£8000.it used to be around 2k a year when trad

 Really  ???
We look at them, they look through them.

Shrek

  • Posts: 3931
Re: Yearly expenses for sole traders?
« Reply #6 on: January 14, 2024, 12:09:54 pm »
How much a year are you spending in expenses, diesel, poles, water etc etc.

I remember the days it was pittance.

Between £7500-£8000.it used to be around 2k a year when trad

 Really  ???

Easily I spend that a year without all the extra backup equipment .
Van lease (this alone is  £3.3k a year), van insurance, road tax, PB insurance, filters , fuel, uniform, poles, brushes , clothes , chemicals, mobile phone , electric bill for heating the van for maybe 4 weeks a year, hoses, etc it mounts up over the year

deeege

  • Posts: 5008
Re: Yearly expenses for sole traders?
« Reply #7 on: January 14, 2024, 04:09:53 pm »
Tax year  2022/2023 around £30000 but that includes the purchase of a van. Usually around £8000-£10000.
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

Smudger

  • Posts: 13438
Re: Yearly expenses for sole traders?
« Reply #8 on: January 14, 2024, 04:14:13 pm »
Make your expenses as high as you can - claim for everything 👍
Never argue with an idiot, they will only bring you down to their level, and beat you with experience

NBwcs

  • Posts: 880
Re: Yearly expenses for sole traders?
« Reply #9 on: January 14, 2024, 07:12:20 pm »
How much a year are you spending in expenses, diesel, poles, water etc etc.

I remember the days it was pittance.

Between £7500-£8000.it used to be around 2k a year when trad



How much of that would you attribute to having a hot water system instead of cold? I got the impression your round was quite local and "tight"? Mines no where near that. Of course the biggest expense in this job seems to surround the vehicle so could be that.

deeege

  • Posts: 5008
Re: Yearly expenses for sole traders?
« Reply #10 on: January 14, 2024, 07:31:10 pm »
Surely Dazmond has paid off his van by now. Isn’t it 6+ years old now?
"....and it's lend me ten pounds, I'll buy you a drink, and mother wake me early in the morning."

zesty

  • Posts: 2452
Re: Yearly expenses for sole traders?
« Reply #11 on: January 14, 2024, 07:44:36 pm »
About right, 6-7k for me each year.

Doesn’t help that xtreme poles are now extremely expensive!


DJW

  • Posts: 1008
Re: Yearly expenses for sole traders?
« Reply #12 on: January 14, 2024, 08:32:57 pm »
Surely Dazmond has paid off his van by now. Isn’t it 6+ years old now?

There’s a lot of Goretex jackets mind.

Stoots

  • Posts: 6211
Re: Yearly expenses for sole traders?
« Reply #13 on: January 14, 2024, 09:36:51 pm »
Diesel about a 2 grand a year

Water production Inc resin filters etc maybe another grand at most

Pole 1 a year maybe

Few odds an ends, couple of pairs of boots a year...

The rest of it just depends I pay about 6k a year just for my van finance, tax and insurance.

Then there's accountant fees, cleaner planner, Web hosting, phone, bank fees, insurances.

Maybe 10k for me but the van payment makes up more than half of that.

Spruce

  • Posts: 8462
Re: Yearly expenses for sole traders?
« Reply #14 on: January 14, 2024, 10:07:11 pm »
Surely Dazmond has paid off his van by now. Isn’t it 6+ years old now?

But he still has to pay the balance of his lease off; another finance agreement is usually how it works.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

Spruce

  • Posts: 8462
Re: Yearly expenses for sole traders?
« Reply #15 on: January 14, 2024, 10:17:16 pm »
It's getting expensive just running a van now.
I've just done the brakes of my van for MOT. The parts alone were nearly £450 and I didn't replace the hand brake shoes. They didn't include labour, as I did it myself.

3 years ago, I bought 5 new Pirelli tyres. The cost was £80 per tyre, including balancing and casing recycling.
I need to replace 2. They are now £129.95 for the same make. The grip isn't that good on these Pirelli's. Continentals are £150 per tyre.
Success is 1% inspiration, 98% perspiration and 2% attention to detail!

The older I get, the better I was ;)

Lee GLS

  • Posts: 3844
Re: Yearly expenses for sole traders?
« Reply #16 on: January 14, 2024, 10:49:26 pm »
It's getting expensive just running a van now.
I've just done the brakes of my van for MOT. The parts alone were nearly £450 and I didn't replace the hand brake shoes. They didn't include labour, as I did it myself.

3 years ago, I bought 5 new Pirelli tyres. The cost was £80 per tyre, including balancing and casing recycling.
I need to replace 2. They are now £129.95 for the same make. The grip isn't that good on these Pirelli's. Continentals are £150 per tyre.

Where do to  in get your brakes from? I’ve just replace the discs and pads on mine and was no where near that much, had to replace a front calliper on the wife’s cmax and it was £35. Couldn’t believe it.