Steve Hoy runs a small coffee shop. The value of his net assets as at 1 April 2029 was £16,735. By 31 March 2030 he could supply the following data relating to the assets and liabilities of the firm:

He also informs you that he took cash drawings of £32 per week. He also introduced net assets into the firm from his own private resources. These new assets have an estimated value of £8,000.
Required Estimate the net profit for the year ending 31 March 2030 based on the above information.

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Non-current assets 15,456 Inventory 3,013 Receivables 1,431 Bank 876 Payables 2,412 Expenses owing 76 Cash in till 17 Prepayments 56