At 31 October 20X9, Lytax Ltd was engaged in the following five long-term contracts. In each contract Lytax was building cold storage warehouses on five sites where the land was owned by the customer. Details are given below:

It is not expected that any customers will default on their payments.
Up to 31 October 20X8, the following amounts have been included in the revenue and cost of sales figures:

It is the accounting policy of Lytax Ltd to arrive at contract revenue by adjusting contract cost of sales (including foreseeable losses) by the amount of contract profit or loss to be regarded as recognised, separately for each contract.
Required:
Show how these items will appear in the statement of financial position of Lytax Ltd with all appropriate notes. Show all workings in tabular form.

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4 £000 £000 £000 £000 £000 Contract price 1,100 950 1,400 1,300 1,200 At 31 October 640 1,070 Cumulative costs incurred 664 535 810 Estimated further costs to completion Estimated cost of post-completion guarantee rectification work 106 75 680 800 165 10 30 45 20 Cumulative costs incurred transferred to cost of sales 580 470 646 525 900 Progress billings: Cumulative receipts 615 680 615 385 722 Invoiced - awaiting receipt 60 40 25 200 34 - retained by customer 75 80 60 65 84 2 £000 400 400 70 £000 £000 Cumulative revenue Cumulative costs incurred transferred to cost of sales Foreseeable loss transferred to cost of sales £000 340 245 £000 517 517 560 460 610 610