Balance sheet for Companies House

[Unicornchris]

Hi,

Need a little bit of help please. Just filling in my balance sheet for Companies House (very small company - turnover less than £12,000). This is my second year. My profit/loss this year was £215 profit. I presume I would just put in £215 on the companies house balance sheet (for the profit/loss account). But where do I put my first years profit/loss reserve (which was a loss of £10). Do I put that figure in 'other reserves'?. Have to put the £10 somewhere so the balance sheet 'balances'.

Thanks!!

 

[E-Accountant]

yes you may put (£10) in the other reserves or accumulated reserve field.

 

[MyAccountantOnline]

Hi,

Need a little bit of help please. Just filling in my balance sheet for Companies House (very small company - turnover less than £12,000). This is my second year. My profit/loss this year was £215 profit. I presume I would just put in £215 on the companies house balance sheet (for the profit/loss account). But where do I put my first years profit/loss reserve (which was a loss of £10). Do I put that figure in 'other reserves'?. Have to put the £10 somewhere so the balance sheet 'balances'.

Thanks!!

Is the £215 the after tax profit of the company?

 

[Unicornchris]

That's pre-tax profit

 

[MyAccountantOnline]

That's pre-tax profit

In that case you'll need to amend your balance sheet to include the Corporation tax due leaving the after tax/retained profits carried forward.