[bazzais]

Firstly, good luck and best wishes!!

It sounds achievable - but the idea is to not make a profit - you have to pay tax on profits.  If you think your goning to make some profit - buy a landrover or some new tools that year

[SallyintNorth]

Just to be clear... buying capital equipment comes out of your profit.  You still get taxed on the profit, but it's delayed - usually spread over 4 years or 10 years depending on the item - by the depreciation on the capital item.  You do still have to pay the tax, though - as well as spending the money on the capital purchase.  So only do it if the capital item is something from which you will get good use!