Raymond started trading on 1 October 2020. He chose 31 March as his accounting date and his first accounts were for the period from 1 October 2020 to 31 March 2021. His purchases and sales of plant and machinery during the first two accounting periods were as follows:

There was 25% private use (by Raymond) of the motor car purchased in November 2020 but there was no private use of any of the other assets.

Required:

Prepare a capital allowances computation for the period to 31 March 2021 and for the year to 31 March 2022.
 

Transcribed Image Text:

£ 1 October 2020 1 October 2020 Bought machinery Bought motor van (emissions 212g/km) Bought motor car (emissions 153g/km) Bought office equipment Bought motor car (emissions 102g/km) Sold car bought in February 2021 Bought motor car (emissions 37g/km) Sold machinery (cost £11,500 in October 2020) Bought machinery 130,000 16,200 12 November 2020 18,800 4,800 9,200 18 December 2020 4 February 2021 12 April 2021 12 April 2021 25 November 2021 3 February 2022 9,600 15,500 8,300 60,000 £ 1 October 2020 1 October 2020 Bought machinery Bought motor van (emissions 212g/km) Bought motor car (emissions 153g/km) Bought office equipment Bought motor car (emissions 102g/km) Sold car bought in February 2021 Bought motor car (emissions 37g/km) Sold machinery (cost £11,500 in October 2020) Bought machinery 130,000 16,200 12 November 2020 18,800 4,800 9,200 18 December 2020 4 February 2021 12 April 2021 12 April 2021 25 November 2021 3 February 2022 9,600 15,500 8,300 60,000

Answer rating: 100% (QA)

Capital Allowances Computation Period 1 October 2020 31 March 2021 Motor car N... View the full answer