Julie commenced a retail shop business as a self-employed on 1 June 2014. Julie's statement of profit or loss for the year ended 31 May 2019 stood as follows: Turnover Cost of Sales Gross Profit/Loss EXPENSES 891,631 232,518 659,113 Wages and salaries 62,673 Other Staff Costs 7,438 Entertainment, gifts and donations 9,280 Stationery and Consumables 3,825 Security and cleaning services 2,801 Advertising & promotional expenses 4,132 Overseas Travelling Expenses 2,764 Legal and professional fees 3,677 Electricity, water and telephone charges 10,917 Rent 43,912 Insurance 1,315 Motor vehicle expenses 8,456 Repairs and maintenance 51,250 Depreciation Bad debts Subscriptions 15,231 8,762 9,860 246,292 Net Profit 412,821 The following additional information has been provided to you: 1. Wages and salaries include an annual salary of 8,500 & 9,000 paid to Julies's husband and father respectively. Her spouse works as driver whereas her father is the cashier of the shop. The other driver of the business, Paul, earns an annual salary of 6,500. 2. The other staff costs relate to costs incurred in transporting the employees from their residence to the shop and back. 3. Entertainment, gifts and donations consist of the following: Entertaining local customers Entertaining foreign customers during their stay in UK 3,400 2,740 Donation to a charity where Julie received free advertising in the charity's newsletter amounted to 680. This was not a qualifying charitable donation. 4. Julie entered into an agreement with a private security company. The yearly package of 1,771 includes the provision of security services to both the residence and the shop. The charge for the office amounted to 1,202. 5. Cleaning services amounted to 1,030 and 30 related to the cleaning of Julie's residence. 6. Julie had a business trip to France to meet her suppliers and this was included in the 'Overseas Travelling Expenses'. The trip costed her 1,895. The rest was attributed to the holidays spent by Julie in Italy. 7. Legal and professional fees are made up as follows: Debt collection service Audit and accountancy Lease on new premises Defending Julie against a speeding fine 1,296 980 820 581 8. Julie resides with her family on the first floor of the building above the shop. Rental expenses relate to 40% for the shop whereas 80% of the electricity, water and telephone charges relate to the business. 9. Julie owns a car which she used partly for the business and partly for private purposes. It has been ascertained that 30% relates to personal use by Julie. 10. The motor vehicle expenses are exclusively made up of fuel expenses incurred by Julie's car. 11. Repairs and maintenance are as follows: Repainting the shop Extending the building in order to create a new reception area Renovation to the first floor of the building above the shop Maintenance expenses to the car 7,430 29,800 8,020 6,000 12. A debt of 860 previously written off has been recovered in the income year ended May 2019. Same has been omitted in the profit or loss statement of Julie. 13. During the year ended 31 May 2019, Julie took goods out of the shop for her personal use without paying or accounting for them. The cost of these was 430, and they had a selling price of 630. 14. Julie is entitled to a capital allowance of 13,060 attributed to the car. REQUIRED Calculate Julie's tax adjusted trading profit for the year ended 31 May 2019. 13. During the year ended 31 May 2019, Julie took goods out of the shop for her personal use without paying or accounting for them. The cost of these was 430, and they had a selling price of 630. 14. Julie is entitled to a capital allowance of 13,060 attributed to the car. REQUIRED Calculate Julie's tax adjusted trading profit for the year ended 31 May 2019