Recent content by Unicornchris

  1. U

    Balance sheet for Companies House

    That's pre-tax profit
  2. U

    Balance sheet for Companies House

    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...
  3. U

    claiming mortgage interest as rental expense

    Hi, Please could somebody help me!!! Can I claim the mortgage interest as a rental expense if... My house I rent out has no mortgage, but the house I live in has got a mortgage on. Could I claim the mortgage interest (from the property I live at) as an expense on my rental property...
  4. U

    Claiming for losses

    Thanks a lot for your help!
  5. U

    Claiming for losses

    Hi, Can I claim for losses from 2010-11 (for self assesment) if I made a net profit of £1800 but had capital allowances of £2100 (resulting in a loss of £300). eg. Can this be carried forward to 2011-12. I have a bad feeling I can't but wondered if anyone could fill me in? Thanks
  6. U

    Claiming for losses from 2010-11

    Hi, I am a sole trader but also work full time in employment. Not sure if I'm allowed to claim for losses from 2010-11, for 2011-12 tax return. Made a net profit of £1684 in 10-11 and claimed for £2007 capital allowances, so had a loss of £323. Claim I claim this £323 as a loss brought...
  7. U

    van capital allowance

    Hi, bought a van for £1600. Am i right that i can claim 100% capital allowances on this for 2010-11?? Could i split it to 50% so £800 for 2 years running? It is purely for business, no personal use. Thanks
  8. U

    staff member possibly leaving..what to do

    Hi, had a question regarding employment. Have not registered as an employer (keeping staff member under £400 a month) which is ok to do. But what happened if they left in January??? Would I have to give them a P45 (i dont have an employer paye reference number obviously as i'm not a registered...
  9. U

    separating a business

    Thanks a lot everyone for the threads, advice..etc Much appreciated
  10. U

    separating a business

    Have a question regarding a public house. Could the landlord (VAT registered-sole trader) rent his kitchen out to his wife (sole trader) so then her takings (which would be less than £70,00 and under VAT threshold) wouldn't be liable to VAT?? Or would HMRC think it is a bit dodgy?? Obviously...
  11. U

    home as office..capital gains tax?

    Thanks everyone for their advice..looks like i'll be saving a few pounds for that,then!!!!
  12. U

    home as office..capital gains tax?

    Hi, if i am claiming a percentage of a room (in my house) as work from an office, am I right in thinking.. 1. That I can claim that percentage from my interest paid on my mortgage 2. But am i then liable for capital gains tax if my house is sold in the future for a profit??? Thanks a lot
  13. U

    Value of car

    Hi, If i was to register as self employed after April 6th and then use my own car for business purposes, taking the percentage of business use/personal use for road tax, insurance, petrol..etc. How do i work out the value of what my car is worth on April 6th to allow for capital allowances in...
  14. U

    VAT registration on pub soon to be reopened

    Thanks to everyones answers..basically the pub was owned by the brewery (leasehold) and the last tenants disappeared so the pub closed for a few months while the brewery tried to find new tenants. He just wanted to know because the pub had been shut for so long, was it still considered a going...
  15. U

    VAT registration on pub soon to be reopened

    Hi..was just wondering if anyone could help. My friend is taking over a pub which has been closed by the brewery for a few months. He is about to start up trading soon and he wanted to know if he needs to get VAT registered straight away or if he can wait until he reaches the £70,000 threshold...
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