Dividends from prior year profits

Hi. Can dividends in a Ltd company (single shareholder) be declared that are in excess of this year’s profit after tax, by using some of the previous year’s retained profit to cover the difference? (assuming sufficient reserve is retained to maintain a positive balance sheet).  My own accountant says ‘no’, the max declarable dividend is this year’s profit after tax - My memory and common sense says ‘yes’, as long as it doesn’t lead to negative shareholder equity. 

I’m against the clock before filing, so any guidance would be much appreciated  

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