TXF6 UK

Section A: Q5

exam

Q5 Section A

2 marks

Lili Ltd commenced trading on 1 January 2015. The company incurred the following expenditure prior to 1 January 2015:

£
30 November 2007 Initial market research 15,000
6 June 2010 Research into competitors 12,000
31 July 2014 Entertaining potential customers and suppliers 8,000
15 December 2014 Donation to local school fair in exchange for advertising 2,000

What is the amount of Lili Ltd's deductible pre-trading expenditure in respect of the year ended 31 December 2015?

Input your answer in the following format, e.g. 12345
(Don't use commas or decimal points etc.)
£