The following information has been extracted from the accounting records of Sycamore Ltd for the year ended 30 June 20X3.

Required:

Prepare a current cost profit and loss account for Sycamore Ltd for the year ended 30 June 20X3.

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Sales Historical cost trading profit Interest payable Corporation tax charge for the year Ordinary dividend Additional depreciation adjustment Cost of sales adjustment Monetary working capital adjustment L Gearing adjustment: + L+S £ 9,000,000 4,000,000 500,000 1,500,000 600,000 200,000 800,000 370,000 20%