TRADING PROFIT

110.RONALD Ronald commenced self-employment on1January 2021.He had a tax adjusted trading profit of £3,840 for the four-month period ended 30 April 2021,and £12,060 for the year ended 30April 2022.These figures are before taking account of capital allowances. The only item of plant and machinery owned by Ronald is his motor car,which cost £24,000 on 1September 2021. The motorcar has a CO2 emission rate of 122 grams per kilometre, and 70% of the mileage driven by Ronald is for private journeys. ANSWERS Trading profit Period ended 30 April2021 3840 Period ended 30 April2022 12060 Capital allowances(£24,000*6%*30%) (432) -------------- 11628 *8/12 7752 ------------------ 11592 --------------- Good day please i don't understand why all the profits of 12060 for the year ended 30 april 2022 was included in the trading profit for the year 21/22 and not apportioned when the year ends on 5 april 2022.I'll appreciate if you can explain better.