A company has the following results for the four years to 31 March 2024:

Calculate the total repayment of corporation tax (with interest) to which the company is entitled, assuming that:

(a) all possible claims are made to relieve the trading loss against total profits

(b) any repayment of corporation tax which is generated by these claims is made on 12 January 2025

(c) corporation tax for the three years to 31 March 2023 was all paid on the due dates

(d) the rate of interest paid on repayments of corporation tax is 3.25% per annum.

Also explain how the situation would differ if the company were to cease trading on 31 March 2024 (computations are not required).