The trial balance of Tanhosier Ltd as at 31 March 2023 is as follows:

The following further information is available:(i) The share capital of the company consists of ordinary shares with a nominal value of £1 each. No dividends are to be paid for the current year.(ii) The sales figure in the above trial balance includes credit sales made in April 2023 amounting to £3,147,000.(iii) Closing inventories on 31 March 2023 cost £8,407,000. Included in this figure are inventories that cost £480,000, but which can be sold for only £180,000.

(iv) Distribution costs of £157,000 relating to March 2023 are not included in the trial balance as the invoice was received after the year end.(v) Loan interest for the last six months of the year has not been paid or accounted for.(vi) The taxation charge for the year has been calculated as £235,000. 

Draft the statement of comprehensive income of Tanhosier Ltd for the year to 31 March 2023 and a statement of financial position at that date, in accordance with the requirements of international standard IAS1.

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Sales Purchases Property, plant and equipment - cost Property, plant and equipment - accumulated depreciation Inventories as at 1 April 2022 Loan interest paid Accruals Distribution costs Administrative expenses Retained earnings as at 1 April 2022 Trade receivables Cash at bank 8% Loan repayable 2026 Share capital Share premium Trade payables £000 29,778 59,088 7,865 200 8,985 7,039 9,045 182 £000 50,332 25,486 426 23,457 5,000 10,000 5,000 2,481 122,182 122,182