Rose Limited operates a small chain of retail shops that sells high-quality teas and coffees. Approximately half of sales are on credit. Abbreviated and unaudited financial statements are as follows:

Since the unaudited financial statements for Rose Limited were prepared, the following information has become available:

Required:
Prepare revised financial statements for Rose Limited for the year ended 31 March 2014, incorporating the information in 1 to 7 above. (Work to the nearest £1,000.)

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Rose Limited Income statement for the year ended 31 March 2014 Revenue Cost of sales Gross profit Labour costs Depreciation Other operating costs Operating profit Interest payable Profit before taxation Taxation Profit for the year 000 12,080 (6,282) 5,798 (2,658) (625) (1,003) 1,512 (66) 1,446 (434) 1,012