Clare Analetto (continued)

You also have the following notes to the accounts.

1. Closing stock of antiques is £7,000.

2. Depreciation for the year is to be charged at 2% on premises, 10% on machinery, 15% on office equipment, and 25% on the motor car.

Required:

Prepare C. Analetto’s trading and profit and loss account for the year ended 31 December 2001 and the balance sheet as at 31 December 2001.