It was identified that there were mis postings in the prior year ended 31 July 2022.
The comparative figures have been restated and are now presented in the Balance Sheet as follows:
Description Previously Reported Restated
Share Capital £14,837 £9,901
Finance Lease (£1,137) £0
Loans and Borrowings (£7,251) £0
Other debtors £4,036 £12,424
Retained profit (£2,317) £2,619
Management has reviewed and corrected this mis postings in the current year financial statements to accurately reflect the company’s financial position and results. These adjustments have not had a material impact on the retained earnings or the going concern of the company.