A prior period adjustment has been made to correct an error in the corporation tax charge for the year ended 31 December 2022. The corporation tax liability has been restated from £13,443 to £11,171.
Comparative figures in the balance sheet and profit and loss account have been adjusted accordingly. This adjustment has reduced the corporation tax expense and increased retained earnings by £2,272 as at the same date.
Income and expenses for the year ending 31 December 2022 were omitted from the filed accounts. The comparatives have been restated to include these transactions, which are now recorded in accordance with FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime.