are shareholders funds drawable

[karenlr54]

Hi if you have a credit balance in your directors loan account and also a figure in the shareholders funds is this actual monies owed to you by the company ? I know you can draw from the loan account if it is in credit but what about the figure in the shareholders account

 

[Ian J]

Share capital stays in the company but any retained profits (profits after tax) can we withdrawn as dividends

 

[SteveHa]

Shareholders funds should represent the post tax retained profits, and so is available for distribution. NB. Unlike drawing down a a credit DLA, distribution of dividends of more than £5,000 (total dividends from all shareholdings) will lead to a tax liability.

 

[karenlr54]

Thank You gentlemen