Recent content by Kyle Curran

  1. K

    Expanding my business at 16

    UPDATE: I went to visit the unit on Tuesday and it seems decent. A few minor things need done - floors cleaned, walls painted, plug sockets fitted, water supply hooked up to sink, new light bulbs and few ceiling tiles need replaced but with family and friends on board I should be able to get...
  2. K

    Expanding my business at 16

    Send me £5k and you can have free cupcakes for life ;)
  3. K

    Expanding my business at 16

    My family are super supportive and I'm sure they will give what they can to support me, after-all they might be wanting a job someday ;) Thanks!
  4. K

    Expanding my business at 16

    Definitely a mixture of family donations and crowdfunding will be my way to go. I'll keep the thread updated. Thanks!
  5. K

    Expanding my business at 16

    I did originally have my dad as the director but it offered no benefit as most grants and loans want to know about shareholders as well - and I was the majority shareholder. Although, I will 100% consider crowdfunding and hope it works out for me. Thanks!
  6. K

    Expanding my business at 16

    I am in contact with someone at the Prince's Trust and they have arrange a £250 grant for me. Unfortunately their larger grants are only available to those 18 and over and my age restricts me from accessing a startup loan. Thanks!
  7. K

    Expanding my business at 16

    My mistake its actually £66 per week. Thanks!
  8. K

    Expanding my business at 16

    Since I was 14, I have been selling cupcakes and cakes from my home to the public. In 2019, I decided to take my business in a different direction - I registered with Companies House and began selling pre-packed baked goods to dessert stores. At one point I had a customer who took £500 a week in...
  9. K

    Business advice for under-18s

    I am currently 16 years old and I have been running my business since January making roughly £100-150 per month. Recently I have taken on some new wholesale customers and I am looking at now making around £1500 a month. As I am taking on more customers I will have to legitimise my business a...
  10. K

    Help! ...Corporation Tax

    Thanks for the help :)
  11. K

    Does being a director in a ltd company affect self employed status?

    I have recently set up a limited company which I will likely use in the future (so it is dormant right now and I will deal with dormant accounts, confirmation statement etc) but I am also self employed in a different field right now. Does me being a director in a company affect anything to do...
  12. K

    Help! ...Corporation Tax

    I recently set up my business as a limited company which I intend to keep dormant until i'm fully ready to commit to it. I logged into my business tax account on the government website using my user id and password, here it shows a button underneath my corporation tax area which says activate...
  13. K

    How to grow my business?

    Following advice from other users on this site I am looking for advice on how to grow my business. Kyle's Cakes is a home-based bakery. I sell custom cupcakes, cheesecakes and cakes which are ordered by my customers through Facebook. We have a dedicated Facebook page and Instagram page but they...
  14. K

    Looking for advice on starting my business.

    First of all thank you for your kind words about me having a good grasp on business, it really means a lot as this is what I would like to do when I grow up. I am well aware of the workload that comes with the job but I believe that by doing something I love this wont really matter to me. As...
  15. K

    Looking for advice on starting my business.

    Unfortunately my family see this as a phase kind of thing they are unwilling to help out most of the time and barely give me support as is which is understandable given they have had little experience in business before - especially not with running a business so young. I understand that I will...
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