Vehicle bought, but additional cost incurred after the year end

Vehicle bought, but additional cost incurred...

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Client limited company bought a vehicle on sep 10 from an individual who was going through bankruptcy, my client paid say £48,000 for vehicle which was taken on HP.

client year end is 31/12/10, we prepared and filed accounts by 31/3/11. client did not mention or we were not aware that any legal matters were outstanding therefore in may 2011, my client agreed settlement figure of £5000 to the trustee in bankruptcy.

we have the asset on accounts as £45k, further to this the vehicle has been disposed on 1/11/11 at £43k

i am not sure should the additional cost of £5k be shown as additions in y/e 31/12/11? and claim capital allowance (10%) and then do a disposal at nil value for this?

any comments or suggestions welcomed

thank you in advance

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