Lindesay Trading Ltd Trial Balance as at 31 March 2001

£000 Ordinary share capital Preference share capital Share premium account Revaluation reserve General reserve as at 1 April 2000 Profit and loss account as at 1 April 2000 Long-term loan Land and buildings at cost 834 Patents 20 Motor vehicles at cost 312 Opening stock as at 1 April 2000 10 Debtors 157 Creditors Bank 186 Electricity 12 Wages and salaries 183 Telephone 5 Sales Insurance 6 Purchases 750 Other expenses 125 Land and buildings accumulated depreciation as at 1 April 2000 Motor vehicles accumulated depreciation as at 1 April 2000 2,605 Notes (all figures in £000s):

1. Closing stock is £13.

2. The following are not recorded in the trial balance:

(a) Dividends payable on ordinary shares £19 and on preference shares £9.

(b) Taxation payable £58.

3. Authorised share capital was £500 for ordinary share capital and £400 for preference share capital.

. There was £45 owing for wages and salaries.

. Debenture interest was £8.

. Of the insurance £1 was prepaid.

. The proposed auditors’ fees are £3.

Oy Co)1 SIO)

Required:

Prepare for internal management purposes the trading, profit and loss and appropriation account for the year ended 31 March 2001 and the balance sheet as at 31 March 2001.