Cosnett Ltd is a company principally involved in the manufacture of aluminium accessories for camping enthusiasts. Its trial balance at 30 September 2005 was:

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Issued ordinary share capital (1 shares) 600,000 Retained profit at 1 October 2004 625,700 Debentures redeemable 2009 150,000 Bank loan 25,000 Plant and machinery at cost 1,475,800 Accumulated depreciation to 30 September 2005 291,500 Investments in UK companies at cost 20,000 Turnover 3,058,000 Dividends from investments 2,800 Loss arising on factory closure 86,100 Cost of sales Political and charitable contributions Distribution costs Salaries of office staff 2,083,500 750 82,190 42,100 Directors' emoluments 63,000 Rent and rates of offices 82,180 Hire of plant and machinery 6,700 Travel and entertainment expenses 4,350 General expenses 221,400 Trade debtors 396,100 Trade creditors and accruals 245,820 Stocks 421,440 Bank 17,950 Interim dividend paid 21,000 Interest charged 19,360 Provision for deferred taxation 45,100 5,043,920 5,043,920