Laura started trading on 1 February 2021, preparing accounts to 31 January. Her adjusted trading profit for
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Laura started trading on 1 February 2021, preparing accounts to 31 January. Her adjusted trading profit for the year to 31 January 2022 (before deducting capital allowances) was £259,171. Her purchases of plant and machinery during the year were as follows:
Compute her trading income for the first two tax years, assuming 40% private use of the car by Laura. Also compute the amount of any overlap profits.
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