I have a sole trader client with a 28 Feb year end. 2021 accounts and tax return have been completed and submitted. They have recently decided they would like to move the trade into a limited company, however during the current year they've spent £20k on capital equipment. If I make up sole trader accounts to today, in readiness for cessation then client couldn't claim AIA or WDA's but could transfer the cost to the limited and the limited can then claim WDA's going forward.
Is it possible to shorten the current year end date to say 30.9.21 (and do a short period accounts 1.3.21 to 30.9.21) in order to claim AIA in that period and then prepare a separate set of cessation accounts for the period from 1.10.21 to say 31.12.2021 in which very little has been spent on capital and the business ceases at 31.12.2021.