Finance overview
LHP Technical Services · September 2026 closed · all figures in AED, excluding VAT unless stated
AED 46,046 is overdue from 2 clients.
Urban Threads owes AED 40,446 (7 days late, promised 8 Oct). Bean Theory Café owes AED 5,600 (42 days, cheque bounced on 5 Sep).
VAT return Q3 is ready to file — AED 14,380 to pay by 28 Oct.
Output VAT 38,268 less input VAT 23,888. Reviewed by Joseph Mathew. Review the return
Cash today
AED312,600
30,019 free after 30-day commitments
September income
AED254,800
15.4%vs Aug 301,200
September expenses
AED243,300
Result +11,500
Receivables
AED256,558
2 overdue46,046
Payables
AED125,301
Suppliers 94,101 · subcontractors 31,200
VAT due (Q3)
AED14,380
Due 28 Octin 26 days
Income vs expenses
Apr–Sep 2026 · AED thousandsIncomeOperational expensesProject expenses
| Month | Income | Expenses | Net |
|---|---|---|---|
| Apr | 238,400 | 231,900 | +6,500 |
| May | 142,600 | 179,100 | −36,500 |
| Jun | 276,900 | 253,400 | +23,500 |
| Jul | 168,300 | 194,300 | −26,000 |
| Aug | 301,200 | 265,800 | +35,400 |
| Sep | 254,800 | 243,300 | +11,500 |
| Total | 1,382,200 | 1,367,800 | +14,400 |
Break-even is about AED 226k of billing a month
Overheads cost about AED 122k every month, work or no work. Project costs take about 46% of what you bill, so each AED 1 billed leaves 54 fils to cover overhead. Billing was above 226k in Apr, Jun, Aug and Sep, and below it in May and Jul, the two loss months.
Where September's money went
Total expenses AED 243,300
Operational 124,70051%
Project 118,60049%
Operational · runs every month
Salaries & wages (24 staff)94,600
Warehouse rent7,500
Labour accommodation6,500
Fuel4,200
Visa, insurance & PRO3,450
6 other categories8,450
Project · charged to project codes
Materials71,400
Subcontractors34,800
Site consumables & misc5,900
Transport to site3,900
Equipment rental2,600
Overheads AED 300 over budgetBudget
Receivables aging
AED 256,558 to collect · plus 28,465 retention held by clientsOverdue now
- Urban Threads Trading40,446.007 days
- Bean Theory Café5,600.0042 days
Retention held by clients
28,465TS-26-014 · Gulf Horizon11,545
TS-26-016 · Al Noor Medical5,140
TS-26-008 · Atlas Logistics Release now4,800
TS-26-017 · Urban Threads4,280
TS-26-011 · Bean Theory Café DLP to 21 Feb2,700
Average collection time: 34 daysSend reminders
Payables due next 30 days
7 supplier bills AED 94,101 · 3 subcontractor claims AED 31,200- Star Hardware & Fittings4,200Due in 6 days
- LHP Metals & Glass42,000Scheduled 12 Oct
- Desert Aluminium Profiles11,340PDC issued
- Al Safa Glass Trading24,780Needs approval
- Subcontractor claims31,2008,400 on hold
- BuildMart Building Materials7,392Approved
- Prime Flooring Solutions2,541Approved
- Royal Silicone & Sealants1,848Approved
Coolbreeze MEP payment is on hold until a valid insurance certificate is uploadedSubcontractors
Bank & cash
4 places where the money sits today| Account | Status | Balance (AED) | Share |
|---|---|---|---|
| Emirates NBD current ••4521Main account · WPS salaries, clients, suppliers | Reconciled 30 Sep | 286,060 | 91.5% |
| Mashreq current ••0937Secondary account · card and online payments | Synced 8:45 AM | 18,340 | 5.9% |
| Petty cash floats (4)Rafiq 1,240 · Ramesh 860 · Vignesh 1,600 · office safe 2,500 | 1 claim pending | 6,200 | 2.0% |
| Cash in handOffice safe, counted 30 Sep by Joseph Mathew | Counted | 2,000 | 0.6% |
| 312,600 |
Runway2.6 monthsCash ÷ overhead of 122,000
Work in hand987,400≈ 4.3 months of billing
Committed to 1 Nov282,58190.4% of cash
Expected in by 1 Nov237,5785 invoices, 1 overdue