A You are presented with the following information relating to Plott plc for the year to 31 March 2014: ..... $£ 000$

Bank overdraft ..... 500 Called-up share capital (issued and fully paid) ..... 2,100 Corporation tax (based on the profit for the year to 31 March 2014) ..... 900 Accounts payable ..... 300 Accounts receivable ..... 200 Deferred taxation (credit) ..... 80 Non-current assets: at cost ..... 3,800 accumulated depreciation (at 31 March 2014) ..... 1,400 Non-current asset investments: at cost ..... 100 Retained profits (at 1 April 2013: credit) ..... 1,200 Proposed dividend ..... 420 Retained profit (for the year to 31 March 2014) ..... 585 Share premium account ..... 315 Inventory: at cost (at 31 March 2014) ..... 400 Trade accounts payable ..... 2,000 Trade accounts receivable ..... 5,300

\section*{Additional information:}

1 The above information has been obtained after the compilation of the company's income statement for the year ending 31 March 2014.

2 Details of non-current assets for the year to 31 March 2014 are as follows:

$£ 000$

(a) At cost At 1 April $2013 \quad 3,400$

Additions 600 Disposals 200

(b) Accumulated depreciation At 1 April $2013 \quad 1,200$

Additions 500 Disposals 300 3 The market value of the non-current asset investments at 31 March 2014 was $£ 110,000$. There were no purchases or sales of non-current asset investments during the year.

4 Inventories comprise finished goods. The replacement cost of these goods is similar to the value indicated in the statement of financial position.

5 Assume that the basic rate of income tax is $25 \%$.

6 The authorised share capital of the company consists of $2,500,000$ ordinary shares of $£ 1$ each.

\section*{Required:}

In so far as the information permits, prepare Plott plc's statement of financial position as at 31 March 2014 in accordance with the minimum requirements of the relevant accounting standards.

\section*{Notes:}

1 Where appropriate, formal notes must be attached to your statement of financial position; and 2 Detailed working should be submitted with your answer.