The accountant of Scampion plc, a retailing company listed on the London Stock Exchange, has produced the following draft financial statements for the company for the year to 31 May 19X7.

You discover the following further information:

Required: :
A profit and loss account for the year to 31 May 19X7 and a balance sheet at that date for Scampion ple complying with the Companies Acts insofar as the information given will allow.
Ignore advance corporation tax and related tax credit on investment income.

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Profit and Loss Account for year to 31 May 19X7 000 000 Sales 3,489 Income from investments 15 3,504 Purchases of goods and services 1,929 Value added tax paid on sales Wages and salaries including pension scheme Depreciation Interest on loans General administration expenses - Shops - Head office. Net profit for year Corporation tax at 40% 3,205 299 120 179 Profit after tax for year Balance Sheet at 31 May 19X7 000 000 Fixed assets Land and buildings Fixtures, fittings, equipment and motor vehicles 1,178 194 Investments Current assets Stock Debtors Cash at bank and in hand. Current liabilities Creditors 167 1,539 230 67 84 381 487 (106) 1,433 Ordinary share capital (1 shares) 660 Reserves Loans. 703 70 1,433