6.6 Simon’s trial balance at 30 April 20X3 (before the preparation of the financial statements) is as follows:

Dr Cr

£

£

Sales 182,000 Cost of goods sold 93,600 General expenses 42,600 Plant and machinery, at cost 53,000

- accumulated depreciation 1.5.X2 24,000 Fixtures and fittings at cost 16,000

- accumulated depreciation 1.5.X2 5,400 Stock 10,000 Debtors 21,000 Creditors 11,000 Bank 19,200 Capital 50,000 Drawings 17,000 272,400 272,400 Simon charges depreciation on plant and machinery at 25 per cent per annum on a reduc- ing-balance basis. He charges depreciation on fixtures and fittings at 10 per cent per annum on a straight-line basis.

Prepare Simon’s profit and loss account for the year ending 30 April 20X3 and his balance sheet as at that date.