Beauty Plus Ltd started trading on 1 July 2014. At the end of the second year of trading, the bookkeeper provides the following trial balance from the accounting system.

Additional information at 30 June 2016:
Inventory is valued at £12,000.
Equipment has a useful life of five years and no residual value. It is depreciated using the straight-line method.
The company makes an allowance for doubtful receivables based on 10% of opening trade receivables.
Estimated current tax liability is £4,500.
The company classifies expenses by nature.
Required Use the relevant figures in the above information to prepare a statement of comprehensive income for Beauty Plus Ltd for the year ended 30 June 2016. In addition, prepare a statement of financial position at that date. Show all your workings.

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Beauty Plus Ltd Trial balance at 30 June 2016 Debit Credit E Revenue 104,900 Purchases 39,700 Inventory at 1 July 2015 10,000 Equipment at cost 20,000 Trade receivables 6,000 Trade payables 8,000 Cash and cash equivalents 15,300 Interest received 100 Salaries 30,000 Rent and rates 15,000 Insurance Lighting and heating 3,000 1,500 Telephone and Internet Advertising 2,000 500 Allowances at 1 July 2015: Depreciation on plant and equipment Doubtful receivables Share capital at 1 July 2015 4,000 1,000 20,000 Retained profit at 1 July 2015 5,000 143,000 143,000