Recent content by porkbelly32

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    Seeking advice on Closure of Dormant Company.

    Thanks for that, that makes thing more straight forward then, I'll just withdraw them as dividends and leave enough to cover the company closing fee. Can just about grasp the content in the second link 😵‍💫, but seeing as I have a mere sub £500 which was already taxed at a previous stage, I...
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    Seeking advice on Closure of Dormant Company.

    Dividends would be subject to my income tax and have to be declared? I have always been advised that they are legitimate mechanisms to spend company profits and won't need additional declaring as a benefit in kind type of threshold?
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    Seeking advice on Closure of Dormant Company.

    Seems I can't edit my original post, just want to add that I'm not that well versed in doing the books as I've always had an online accountancy to manage all of this, but since I've not had any transactions via the company for such a long time, I thought it'd be easy to do it myself. If not, I...
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    Seeking advice on Closure of Dormant Company.

    Apologies if this is not the correct sub-forum, I'm just seeking some advice on the best way to handle some loose ends and close my company down for good. Background and context, I'm the sole director of my Limited Company which has been in dormancy for the past 18 months or so. I'm now in a...
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    Buying wholesale items under Company but paying for with personal funds

    I was thinking the same, the only link would be the sellers invoices. Common sense would say "no one cares" as I'm not witholding any form of tax/duties, but I didn't want to make an assumption and get stung by some obscure rule. This looks more promising!
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    Buying wholesale items under Company but paying for with personal funds

    True, but it's something I've considered by adding additional SIC code to my company. Which apparently has no real impact at all from a HMRC perspective (in that I won't be trading in that area).
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    Buying wholesale items under Company but paying for with personal funds

    Absolutely, that was my initial thought. But I am erring on the side of caution to see if I would fall foul of anything :)
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    Buying wholesale items under Company but paying for with personal funds

    Hi All, I've tried searching through the forums to see if this was asked previously, but did not come across any that matched my scenario. So here goes... I have a VAT registered Limited Company. I'm really into a hobby, lets say Paintball as it's a good example. I spend a lot of my personal...
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