P&L Loss Presentation

Good Morning,

I have a technical question:

If a company make a loss of say, (£10,000) in the year and the tax rate is 20% and all losses can be carried forward to offset against future profits. Will your SOP&L look like this:

Taxable total profits (£10,000)

Corporation Tax* £2,000

Retained Profit/(Loss) (£8,000)

Note: The tax “expense” would be an income in this scenario (as long as it is probable that there will be income in coming years to match against).

And also if it is probable that there is going to be future profits, your SOFP would have a Tax asset of £2,000

Am I correct in my assumptions?