Trading losses brought forward claimed against profits

Hi. My partner and I have a Ltd company that we use for small amounts
of work we do outside of our day jobs (computer programming and
project management). In recent years the turnover hasn't been very
high, and for the years ending in 2005, 2006 and 2007 was actually 0,
resulting in a loss of around GBP 100 each year (bank charges etc). So
for these years I've been working out the accounts and filing the
CT600 myself (previously we engaged an accountant).

I'm currently working on the accounts and CT600 for the year ending in
2008, where the turnover was GBP 1500 and the gross profit GBP 1300.

Am I allowed to simply add up the losses from 2005, 2006 and 2007 and
put the value into box 4 of the CT600 (Trading losses brought forward
claimed against profits), so reducing the profits chargeable to
corporation tax?

I've been trawling through the documentation on the HMRC website to
try and work this out for myself, but didn't find anything I could
make sense of (the closest was CTM04020 and CTM04050).

TIA...Nick.

--
Nick Challoner, nick@challoner.com
Aviation photography: http://www.challoner.com/aviation
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"Number 1 ... The Larch"

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. (03.08.2008 23:38)

Peter Saxton (04.08.2008 11:08)

Nick Challoner (04.08.2008 20:33)