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Prior year adjustment

In preparing 2011 accounts for CH and HMRC it has become evident that the Debtors were overstated in 2010. This led to  the turnover being overstated by 1.5% and also of course the PCTCT. What is the correct way to show this please?

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Doesn't this just reverse itself?

Personally, I'd be loathed to suggest that incorrect accounts had been prepared.  It's like giving HMRC a can of worms and a tin opener.  If it just arises as a result of an accounting estimate proving insufficiently conservative, that's the correct treatment anyway.

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