Recent content by grid

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    Can a company cancel a contract when they proceed to take payment?

    Except that we already know IT IS personal information that's caused the rejection because I said that their email mentions credit check/fraud/verification checks, etc.... Some unknown 3rd party credit/fraud reference agency must have given a false positive against me and told them I am a...
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    Can a company cancel a contract when they proceed to take payment?

    ?? Are you suggesting that personal details about me that cause my order(s) to be cancelled with them (and only them) are not personal details? It wasn't a random occurence, they have something on their system personal to me that is rejecting the order. I'm genuinely asking what do you mean? Are...
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    Can a company cancel a contract when they proceed to take payment?

    Thanks for replying. I just don't understand how they can take the full lump sum without a contract being in place. This was no one-time glitch or error. It happened systematically on every order that was placed. There is no justification for it, no email from them to say money was taken. Also...
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    Can a company cancel a contract when they proceed to take payment?

    Also I should explain, that I received an order email confirming they received the order, which I thought meant it was placed but they claim that wasn't an order confirmation as I received the cancellation email later that day.
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    Can a company cancel a contract when they proceed to take payment?

    . Yes it explains a contract is formed only when order confirmation is sent and that they have a right to refuse subject to fraud/credit checks, etc. I have a problem with refusing a contract and then taking my money regardless. If they can assert that no contract has been created because I...
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    Can a company cancel a contract when they proceed to take payment?

    Here is the situation: You sign up to a service, whether that is broadband, mobile, magazine subscription, etc, etc. You have two options, either pay a monthly subscription or pay the whole contract off in one lump sum. You choose the latter. The company confirms the order was successful and is...
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    Balance Sheet: Net Assets = P&L plus Share capital??

    The land was transferred from myself to the company and I didn't charge the company for it, so I suppose it's gifted from my personal ownership to the company. Therefore I shouldn't label the £7999 as "Retained Earnings" or "Profit and Loss account" should I? I thought Retained Earnings/Profit...
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    Balance Sheet: Net Assets = P&L plus Share capital??

    Hello everyone, I have to file my first micro accounts by Friday and I have been looking at some template balance sheets to understand how they work. I understand the Assets and Liabilities, so A - L = Net Assets, i.e what the company is worth, example: Fixed Assets: £10000 Current Assets...
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    Reclaim VAT on business purchases?

    As I understand it, if one is VAT registered he passes the output VAT to the taxman from his sales, and reclaims the input tax from purchases. What happens if he decides to buy some retail goods that will never generate output tax as he has not 'yet' sold them on (but actually never will) as...
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