EXAMPLE TRADING LTD · 2025-04-01 to 2026-03-31. Check every figure before you pay. This preview is free.
Corporation Tax to pay
£5,510.00
Profit falls in the small profits band, taxed at 19%.
Corporation Tax calculation
| Profit before tax (from your accounts) | £29,000.00 |
|---|---|
| Taxable profit | £29,000.00 |
| Tax before marginal relief | £5,510.00 |
| Corporation Tax | £5,510.00 |
Profit and loss
| Turnover | £65,000.00 |
|---|---|
| Cost of raw materials and consumables | -£12,000.00 |
| Staff costs | -£15,000.00 |
| Other charges | -£9,000.00 |
| Profit before tax | £29,000.00 |
| Tax | -£5,510.00 |
| Profit for the year | £23,490.00 |
Balance sheet
| Debtors | £8,000.00 |
|---|---|
| Cash at bank and in hand | £19,590.00 |
| Current assets | £27,590.00 |
| Creditors due within one year | -£4,000.00 |
| Net current assets | £23,590.00 |
| Net assets | £23,590.00 |
| Called up share capital | £100.00 |
| Profit and loss reserve | £23,490.00 |
| Capital and reserves | £23,590.00 |
The balance sheet balances: net assets equal capital and reserves.