You are presented with the following information relating to Plott plc for the year to 31 March 19X1:

Required:
Insofar as the information permits, prepare Plott plc’s balance sheet as at 31 March 19X1 in accordance with the minimum requirements of the Companies Act 1985 and related accounting standards.
Notes:
1. Where appropriate, formal notes must be attached to your balance sheet;
and 2. detailed working should be submitted with your answer.

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000 Advance corporation tax (paid on 14 June 19X0) Bank overdraft Called-up share capital (issued and fully paid) 70 500 2,100 Corporation tax (based on the profit for the year to 31 March 19X1) 900 Creditors 300 Debtors 200 Deferred taxation (credit) 150 Fixed assets: at cost 3,800 accumulated depreciation (at 31 March 19X1) 1,400 Fixed asset investments: at cost 100 Proposed dividend Profit and loss account (at 1 April 19X0: credit) Retained profit (for the year to 31 March 19X1) Share premium account Stocks: at cost (at 31 March 19X1) Trade creditors Trade debtors Additional information: 1 The above information has been obtained after the compilation of the company's profit and loss account for the year to 31 March 19X1. 2 Details of fixed assets for the year to 31 March 19X1 are as follows: 1,200 420 585 315 400 2,000 5,300