Abbreviated Accounts - help please

[seriouslyconfused]

Hi , I'm having to do my Dad's accounts as he is in hospital and they are now due. I've downloaded the abbreviated accounts form so I can submit online but I'm obviously putting info in the wrong boxes as it won't submit.

What I'm not sure of is 'called up share capital unpaid', 'share up capital' and 'shareholder funds' - the company has an authorized share capital of 4000 ordinary shares at £1 but the total actual shareholding amounts to 1405 ordinary shares at £1 each...

A previous form (DCA) states that 'the total net assets should equal the total of shareholder funds'

Can anyone offer any advice as what to put where on the online form or explain the definitions above - the only other shareholder is my 93 old Grandmother ! Thanks

[Geoff T]

hang around OP - couple of REALLY :cool: Beanies around...:)

[seriouslyconfused]

Thanks Geoff but now I'm even more confused - i don't know what an 'OP' is or what 'beanies' are !! I'm off to watch Eastenders and lose the will to live totally !!:|

[Geoff T]

Thanks Geoff but now I'm even more confused - i don't know what an 'OP' is or what 'beanies' are !! I'm off to watch Eastenders and lose the will to live totally !!:|

Just you HOLD ON THERE friend!

People who have their own business have no time for this "soap" cobblers!

"OP" = Original post (original question, or poser of the question)

"Beanie" = "bean counter" - accountants, they LOVE being called that!:rolleyes:;)

Ps- who did for Archie?:D

[elainec100@cheapaccounting]

Has the company traded in the year?

[Geoff T]

Has the company traded in the year?

THAR SHE BLOWS!

Sorry Elaine - been saving that for months!;)

Seriously confused ("OP") - Elaine is a spot on "beanie" - she'll see you right!

[elainec100@cheapaccounting]

THAR SHE BLOWS!

Sorry Elaine - been saving that for months!;)

Seriously confused ("OP") - Elaine is a spot on "beanie" - she'll see you right!


Now then Geoffrey - are you calling me a Whale? :|:eek:

You will only do that once :eek::eek::eek::eek:

[Williams lester]

Ps- who did for Archie?:D

It was Stacey :p

[seriouslyconfused]

Hi Elaine - No, the company has not traded in the last year. I spoke to Companies House today and asked why my Dad had put in a DCA last year (- in fact he only wrote them a letter with the 1985 declarations, with very limited info) and why this could not be done for this year -I phoned them as the AA02 says that it is only applicable if you have NEVER traded , so I read on the form?

Companies house told me that to submit online I would have to do the abbreviated accounts form. Any advice would be appreciated. I'm usually quite intelligent and completely miffed that I can't fathom out what should be such a simple form........

PS. The others have now gone quiet - no doubt off to watch the final of Pop Star to Opera Star !!!!!!!

[elainec100@cheapaccounting]

If it hasn't traded then file this form:

http://www.companieshouse.gov.uk/forms/generalForms/AA02_post_october_dormant_company_accounts_dca.pdf

Figures should be same as last year if not traded

[elainec100@cheapaccounting]

PS. The others have now gone quiet - no doubt off to watch the final of Pop Star to Opera Star !!!!!!!

Lost me on than one - what the **** is that

[seriouslyconfused]

Hi Elaine - the AA02 form is the first one I looked at BUT under the guidance notes paragraph 6a it states its only suitable for companies that have NEVER traded. The company has traded in the past

Does it mean suitable for comanies that have never traded on or after 6th April 2008 ?

It would be simple if last years submitted figures looked correct ! The info given was

Called up share capital not paid - NIL
cash at bank and in hand - £1,500
Net assets - £2,500

Issued share capital 1405 of £1 each ( nothing in the next box)

Shareholders funds - Nil

( the guidance notes again say, in the margin - total net assets should equal total shareholders funds )

This should be so simple - I haven't started on the AR01 yet !!

PS - Pop star to Opera Star - just another TV show that Geoff and WL might have sneaked off to watch !

[elainec100@cheapaccounting]

Oh right - you need accounts down. I have to say based on what you have posted there some info is missing - that doesn't make sense to me.

Sorry but my advice would be to pay someone to file them on your behalf plus also make sure that the corporation tax returns are up to date etc.

We can give you a quote.

But based on what you have posted the balance sheet doesn't balance! A signficant problem in the accounting world.

[seriouslyconfused]

Thanks Elaine - Its actually reassuring to see it doesn't make sense to you either !! I'm off to find out some more but may well be back to you for a quote - thanks again

[seriouslyconfused]

Now on my third day of researching the position and have come up with the following:-

1. Form AA02 CANNOT be used where the company has traded at any time in the past

2. Numerous websites claim there is a template for a dormant company which has traded in the past but has not traded in the last year - even the Companies House website claims to have a template in the 'webfiling' section, but one does not appear to exist ! There are some guidance notes which say what the dormant accounts should contain but no example - has anyone found an actual template ?

3. From the accounts section 3 on the AA02 there are five boxes:-

Only four of these have a £ sign - why ?

4. How do you complete these five boxes when:-

Called up share capital not paid = 0.00
Cash at bank / in hand = 1,500.00

Net Assets ( surely then should be) 1,500.00 !!

If you then complete issued share capital:

1405 of £1.00 - do you then enter 1405 after 'each' - if so, why does this form part of any calculation - the form clearly states that ' the Net Assets should equal the Shareholders Fund'. It can't if you take the issued share capital into the equation ?

What am I missing here ? thanks for any advice