Tx notes fa22 Final

You should indicate by the use of zero any items in the accounts for which no adjustment is 
required. 
£ 
£ 
Gross profit from trading 
25,620 
Profit on sale of business premises (1) 
1,750 
27,370
Advertising 
642 
Irrecoverable Debts
75 
Depreciation 
2,381 
Light and heat 
372 
Miscellaneous expenses (2)
347 
Motor car expenses (3) 
555 
Rates 
1,057 
Repairs and renewals (4) 
2,598 
Sta
ff
wages (5) 
12,124 
Telephone 
351
20,502 
Profit before tax
6,868 
£
Subscription to Printers’ Association 
45 
Contribution to local Enterprise Agency 
50 
Gifts to customers: 
Company calendars costing £7.50 each 
75 
Two food hampers 
95 
£
Refurbishing second hand press before it could be used in the business
522
Redecorating administration o
ffi
ces 
429 
Building extension to enlarge paper store in February 2022 
1,647 
2,598 

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20.
 
Sail Ltd 
Sail Ltd has the following results for the year ended 31 March 2023. It has one wholly owned 
subsidiary company.
Calculate the amount of corporation tax payable by Sail Ltd for the year ended 31 March 2023 
and state giving reasons the due date for payment.


£
Trading profit
380,000
Interest receivable
9,000
Property Income
12,000
Chargeable gains
21,000
Dividends received from non subsidiary UK companies
50,000
Qualifying charitable donations
22,000

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