Bunker plc is a trading company; it does not carry out any manufacturing operations. The following information

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Bunker plc is a trading company; it does not carry out any manufacturing operations.

The following information has been extracted from the books of account for the year to 31 March 2010:

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Additional information:
1 Depreciation policy:
Depreciation is provided at the following annual rates on a straight line basis: delivery vans 20%; office cars 7.5%; stores plant and equipment 10%.
2 The following taxation rates may be assumed:
corporation tax 35%; income tax 25%; value added tax 15%.
3 The investment income arises from investments held in non-current asset investments.
4 It has been decided to transfer an amount of £150,000 to the deferred taxation account.
5 There were 1,000,000 ordinary shares of £1 each in issue during the year to 31 March 2010. There were no preference shares in issue.

Required:
In so far as the information permits, prepare Bunker plc’s published income statement for the year ending 31 March 2010 in accordance with the minimum requirements of the related accounting standards.

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