The Fotiades brothers own the SouviakiHat, a casual Greek restaurant, but they do not keep a full set of accounting records. However, the following information has been produced from the restaurant's records:

a Summary of the bank account for the year ended 31 August 2009:

b Assets and liabilities, other than balance at bank:

c All receipts are banked and all payments are made from the business bank account.
d Discounts received during the year ended 31 August 2009 from trade creditors amounted to £3,100.
e A trade debt of £540 owing by Meat Suppliers Ltd and included in the trade debtors at 31 August 2009 is to be written off as irrecoverable.
f It is SouvlakiHat’s policy to provide depreciation at the rate of 20 percent per annum on the cost of delivery vans held at the end of each accounting year; no depreciation is provided in the year of sale of a delivery van.
Required 1 Prepare SouvlakiHat’s profit and loss account for the year ended 31 August 2009.
2 Prepare SouvlakiHat’s balance sheet as at 31 August 2009.

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1 Sept. 2008 balance b/d 15,820 Sale of private holiday house 40,000 Purchase of delivery van B Motor vehicle expenses 16,000 1,350 Sale of delivery van A 10,000 Advertising 2,560 Receipts from trade debtors 121,000 Rent and rates 10,200 Wages 25,000 Electricity 390 Payments to suppliers 105,000 Insurances 550 Drawings 22,000 31 Aug. 2009 balance c/d 3,770 186,820 186,820