Recent content by romkyns

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    P&L account Companies House vs HMRC

    For the record, according to a URL I can't post here :/ (HMRC help on "Long Periods Account Help") one doesn't need to submit accounts with the second CT600. There's a reason for this in the HMRC's short CT600 form, something along the lines of "Accounting Period is different to the period of...
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    P&L account Companies House vs HMRC

    Oh right - so should I attach the same accounts to both CTs, or not attach any to the second submission? My software doesn't seem to have the option not to attach accounts.
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    P&L account Companies House vs HMRC

    When submitting two CT600s in a row due to the first AP being longer than 12 months, would the second CT be accompanied by a P&L statement that only covers those couple of weeks, and thus being very small? If so, this would mean that the P&L figure submitted to Companies House (as of 31st) is...
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    Zero called up share capital - acceptable?

    On the Companies House abbreviated form, it is shown separately at the top. I'm confused as to which figure is supposed to balance this out. There doesn't seem to be anywhere in the top half where I could meaningfully put a negative 100. The bottom half also doesn't seem to have anywhere to add...
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    Zero called up share capital - acceptable?

    I see - the shares are indeed recorded in the registry. In the balance sheet, would the unpaid capital be shown as a negative figure, decreasing the total for the upper half? That seems to be the only way for things to balance.
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    Zero called up share capital - acceptable?

    When incorporating, we authorised 100 shares at £1, allocating 50 to each director in our shareholders agreement. We didn't pay for these shares until after the first financial year was over. We also didn't record any share capital in the accounts. Would it be correct to record zero "called up...
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    Loan from director in case of liquidation

    Anyone? Is it reasonable for the company to explicitly agree with the director that the loan is repayable at the same time as other creditors in case of liquidation, or agree the order/proportion of repayment of each director's contribution? Or are these things entirely up to the liquidator?
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    Basic accounting: how to record the paying up of shares

    Thank you everyone. This seems to be required only where the company loans money to the director. Or is this also required for director-to-company loans?
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    Basic accounting: how to record the paying up of shares

    Thanks! I'm also a bit confused as to where these two accounts (paid-up shares and directors' loan) go on the balance sheet. The rest are fairly clear, but these two are confusing. Would I include both paid-up shares and directors' loan in the "shareholders' funds" part of the balance sheet? I...
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    Basic accounting: how to record the paying up of shares

    Apologies if this is too basic and unwelcome here - do let me know :) Our company has 100/£1 issued share capital, and we have deposited about £3000 into the company's bank account to cover expenses. The idea was for the first deposit to cover the shares, so that all the shares are fully paid...
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    Loan from director in case of liquidation

    Suppose that a private limited company has £100 in paid up share capital, a bank account with £10k and pretty much no other assets (because all computer equipment is owned personally by directors). The £10k in the bank account was deposited by directors as a no-interest loan to the company. In...
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    Loan from directors to company

    For the first few months of its existence, our private limited company operated without a bank account. Various expenses were paid for by me with my personal debit card. The other director then occasionally paid his half share of the expenses to me. The idea is that the business will repay...
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