Transfer of stock

[Mek]

Hi
Just a quick question.
I'm transferring stock to a new limited company at cost.
The cost of stock I always calculate the actual cost of stock plus import tax and delivery cost add them all together to equal amount it cost me.
Would this be ok for a transfer cost

Thanks

 

[Scalloway]

When valuing your stock you should use the lower of cost or net realisable value. So as long as your company is going to sell what is being transferred at a profit then your method is ok.

 

[Clearaccy]

Yes.

Are you going to be invoicing the new limited company or having it as an inter-company loan?

 

[Scalloway]

If the OP already has a sole trader business he would have to do an invoice.

 

[Mek]

Thanks for the replies
I was going to have it as a loan and basically just transfer it over at cost.