I'm doing bookkeeping for a transport Ltd company who has been trading 7 months. An investor (friend of owner) has purchased a second hand vehicle for company, which is being used and registered to company. So I understand that's an asset. But the friend, who is having shares for his investment, doesn't want then yet. Or on the balance sheet in any way. Not yet. Can the company use a vehicle With out it being out on system Thanks for help
rent it to them if the miles traveled are high £900 a month is reasonable if they are lower 5 to £600 is the going rate
Being registered in the company's name just means that that is who receives parking tickets incurred by the vehicle.
.jpg)