I have just taken on a Sole Traders Accounts and I am trying to complete his self - employed accounts for the 09-10 tax year. Previous accountant of 3 years (since startup) has not completed an asset list or taken into account depreciation or capital allowances. I have complied a list of assets for the 07-08, 08-09 and 09-10 years from the purchase invoices but think first two years have just gone through P&L as purchases. My client says the list doesnt include many of the assets he holds. In light of this could anyone please suggest the best way to introduce the assets to the sole trader accounts.