John Roberts is a retail trader. On 30 April 20-5 the following trial balance was taken from his books:

Trial Balance as at 30 April 20-5 Dr Cr

£

£

Capital on 1 May 20-4 24,640 Furniture and equipment 9,400 Sales 46,800 Postage and stationery 1,680 Returns inwards 1,320 Rates 760 Insurance 450 Wages and salaries 7,480 Purchases 27,510 Drawings 5,000 Trade creditors 2,580 Carriage inwards 270 Cash 180 Bank overdraft 3,480 Sundry expenses 430 Stock at 1 May 20-4 6,560 Loan from City Bank 3,000 Freehold premises 16,500 Trade debtors 2,960 80,500 80,500 Stock at 30 April 20-5 was valued at £6,740 You are required to prepare a trading and profit and loss account for the year ended 30 April 20-5, together with a balance sheet as at that date.