Julie commenced a retail shop business as a self-employed on 1 June 2014. Julies statement of profit or loss for the year ended 31 May 2019 stood as follows:

Turnover		891,631
Cost of Sales		232,518
Gross Profit/Loss		659,113
EXPENSES
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	15,231
Bad debts	8,762
Subscriptions	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 Juliess 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 3,400

Entertaining foreign customers during their stay in UK 2,740

Donation to a charity where Julie received free advertising in the charitys 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 Julies 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 1,296

Audit and accountancy 980

Lease on new premises 820

Defending Julie against a speeding fine 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 Julies car.

11.Repairs and maintenance are as follows: Repainting the shop 7,430 Extending the building in order to create a new reception area 29,800 Renovation to the first floor of the building above the shop 8,020 Maintenance expenses to the car 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 Julies tax adjusted trading profit for the year ended 31 May 2019.