Buying things for "One Time Use"?

[Shardy]

Good afternoon.
I run a very small solo business and let the accountant handle most of the finances, however I have a question regarding the purchase of goods that will only be used one time, then become completely redundant/useless.

What's the best thing to do with something the Business has purchased (for use within the Business), but then is no longer needed afterwards?
Can I keep it for personal use or even sell it?
Does the Company have to sell it? (If so, is the sale profits technically income, therefore taxable?)

Maybe I'm over-complicating things?
But I regularly buy items that are used once, then never needed again, but can be resold/reused etc, just not needed in the business.
Thank you in advance.

 

[AndreasC]

The business can use the item for business purposes but if you want to use the item personally then you will either be a taxable benefit or you could buy it from the company as its fair/market value.

If the company sells it to you I presume it will be at a loss and not a profit.

You say the items will be redundant/useless but it seems there is still value for them either from yourself or selling it to others

Best to run it past your accountant