Sagunto Ltd has an authorised capital of 1.5 million £1 ordinary shares, of which 1 million have been issued as fully paid.

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The following information was extracted from the accounts for the year ended 30 September 19_6. Freehold premises at cost Carriage inwards 250 000 Purchases Sales Stock 1 Oct 19_5 Wages and salaries: Administration Distribution 13.500 750 000 Returns inward Returns outward 430 000 18.000 25 000 80 000 20 000 Directors' remuneration Auditors' fees General administrative expenses 2 500 20 000 9.000 40 000 60 000 Discounts allowed 2 500 Motor vehicle Retained earnings 260 000 running costs 11.000 (Cr. Bal 1 Oct 19_5)