The following information is available for Victoria Pemberton for the tax year 2020/21: (1) Victoria is self-employed running a specialist wedding services store. His profit and loss account for the year ended 31 December 2020 is as follows:

Note Gross profit 848,000 Expenses : Depreciation 35,800 Motor expenses 42,000 Professional fees 34,000 Other expenses 474,080 Total--> (585,880) Net profit 262,120 =========

(2) During the year ended 31 December 2020 Victoria drove a total of 40,000 miles, of which 20,000 miles were driven when he visited his suppliers in Europe. The balance of the mileage is 30% for private journeys and 70% for business journeys in the United Kingdom.

(3) The figure for professional fees consists of 5,000 for legal fees in connection with an action brought against a supplier for breach of contract and 29,000 for accountancy. Included in the figure for accountancy is 8,000 in respect of personal tax advice for the tax year 2019/20.

(4) The figure for other expenses of 474,080 includes 23,200 for gifts to customers of food hampers costing 49.00 each and 17,000 for gifts to customers of pens carrying an advertisement for the shop costing 42 each. It also includes a general provision for doubtful debts of 8,500

(5) Victoria uses one of the five rooms in his private house as an office for when she works at home. The total running costs of the house for the year ended 31 December 2020 were 30,200. This cost is not included in the profit and loss account expenses of 585,880.

(6) Victoria uses her private telephone to make business telephone calls. The total cost of the private telephone for the year ended 31 December 2020 was 24,800, and 15% of this related to business telephone calls. The cost of the private telephone is not included in the profit and loss account expenses of 585,880.

Required : Calculate Victorias tax adjusted trading profit for the year ended 31 December 2020