Beauty Plus Ltd started trading on 1 July 2014. At the end of the second year of

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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.

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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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