Flyer Ltd started in business on 1 April 20X4. Its issued share capital was 200,000 ordinary shares of £1 each and 100,000 5 percent preference shares of £1 each. The following information is available:

• Its net profits for the first two years of business were: 20X4/5 £90,200; 20X5/6 £84,600.
• Preference dividends were paid for each of these years, whilst ordinary dividends were proposed as 20X4/5 8 per cent and 20X5/6 6 percent.
• Corporation tax, based on the profits of these two years, was: 20X4/5 £18,000; 20X5/6 £16,000.
• Transfers to general reserve took place: 20X4/5 £20,000; 20X5/6 £15,000.

Draw up profit and loss appropriation accounts for each of the years ended 31 March 20X5 and 20X6.