Raymond started trading on 1 October 2019. He chose 31 March as his accounting date and his first accounts were for the period from 1 October 2019 to 31 March 2020. His purchases and sales of plant and machinery during the first two accounting periods were as follows:

There was 25% private use (by Raymond) of the motor car purchased in November 2019 but there was no private use of any of the other assets.

Required:

Prepare a capital allowances computation for the period to 31 March 2020 and for the year to 31 March 2021.

Transcribed Image Text:

1 October 2019 1 October 2019 12 November 2019 18 December 2019 4 February 2020 12 April 2020 12 April 2020 25 November 2020 3 February 2021 Bought machinery Bought motor van (emissions 212g/km) Bought motor car (emissions 153g/km) Bought office equipment Bought motor car (emissions 102g/km) Sold car bought in February 2020 Bought motor car (emissions 110g/km) Sold machinery (cost 11,500 in October 2019) Bought machinery 130,000 16,200 18,800 4,800 9,200 9,600 15,500 8,300 60,000