After the income statement and statement of changes in equity have been prepared for the year ending 30 April 2013, the following balances remain in the books of Flop plc. Prepare a statement of financial position in accordance with the relevant accounting standards.

$£ 000$ s ..... $£ 000$ s Ordinary share capital ..... 50 Share premium ..... 30 Revaluation reserve ..... 12 General reserve ..... 15 Foreign exchange reserve ..... 4 Retained profits ..... 18 Patents, trade marks and licences ..... 3 Goodwill ..... 21 Land and buildings ..... 140 Provision for depreciation: Land and buildings ..... 40 Plant and machinery ..... 45 Provision for depreciation: Plant and machinery Inventory of raw materials: 30 April 2013 ..... 12 ..... 24 Work in progress: 30 April 2013 ..... 5 Finished goods: 30 April 2013 ..... 13 Accounts receivable: Trade ..... 42 Accounts receivable: Other ..... 2 Prepayments and accrued income ..... 1 Loan notes (redeemable in 6 months' time) ..... 25 Loan notes (redeemable in $4^{1 / 2}$ years' time) ..... 20 Bank overdraft (repayable in 3 months) ..... 2 Trade accounts payable (payable in next 12 months) ..... 13 Trade accounts payable (payable after 12 months)

Bills of exchange (payable within 12 months) ..... 3 Corporation tax (payable in 9 months' time) ..... 19 National insurance (payable in next month) ..... 1 Pensions contribution owing ..... 4 Deferred taxation ..... 3