During the preparation of the current year’s financial statements, it came to light that certain sales transactions relating to the period from 6 August 2021 to 31 July 2023 had not been previously recorded in the accounts. As a result, a prior year adjustment has been made to recognise the omitted income in the appropriate periods.
The corresponding VAT on these sales has also been adjusted accordingly, and the necessary amendments have been reflected in the VAT workings for the current period.
These adjustments have no impact on the current year’s operating performance but have been made to ensure the accuracy and completeness of the company’s historical financial records.