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taxadvisor.uk, Chartered Certified Accountant
Category: Tax
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Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Hi, Just been cut off midway through an answer with regards

Resolved Question:

Hi,

Just been cut off midway through an answer with regards XXXXX XXXXX CT600 return
Submitted: 3 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 3 years ago.
Hello and welcome to the site. Thank you for your question.

How much information did you get?

Please advise

Many thanks
Customer: replied 3 years ago.

Hi,


Please see summary below with regards XXXXX XXXXX inability to balance the CT600 at AC158. I can increase AC 58 if required by £702 as the last advisor suggested,


 















































































































PROFIT AND LOSS



Box No.



This year



Box No.



Last year



turnover



AC12



3600



AC13



0



cost of sales



AC14



0



AC15



0



gross profit



AC16



3600



AC17



0



distribution costs



AC18



0



AC19



0



administrative expenses



AC20



1461



AC21



498



other operating income



AC22



0



AC23



0



operating profit or (loss)



AC26



2139



AC27



-498



interest receivable



AC28



0



AC29



0



interest payable



AC30



0



Ac31



 



profit or (loss) on ordinary activities before taxation



AC32



2139



AC33



-498



tax on profit or loss on ordinary activities



AC34



0



AC35



0



profit or (loss) for the financial year



AC36



2139



AC37



-498



dividends for the period



AC38



0



AC39



0



net balance for the financial period transferred to reserves



AC40



2139



AC41



-498



 








































































































BALANCE SHEET



Box No.



This year



Box No.



Last year



intangible assets



AC42



0



AC43



0



tangible assets



AC44



0



AC45



0



TOTAL FIXED ASSETS



AC48



0



AC49



0



stocks



AC50



0



AC51



0



debtors



AC52



0



AC53



230



cash at bank and in hand



AC54



2956



AC55



834



TOTAL CURRENT ASSETS



AC56



2956



AC57



1,064



creditors due within one year



AC58



1120



AC59



659



NET CURRENT ASSETS



AC60



1836



AC61



405



TOTAL ASSETS LESS CURRENT LIABILITIES



AC62



1836



AC63



405



creditors due after more than one year



AC64



0



AC65



0



provision for liabilities



AC66



0



AC67



0



TOTAL NET ASSETS



AC68



1836



AC69



405



 
















































CAPITAL AND RESERVES



Box No.



This year



Box No.



Last year



called up share capital



AC70



2



AC71



2



revaluation reserve



AC76



0



AC77



0



profit and loss account



AC74



1834



AC75



403



TOTAL SHAREHOLDERS FUNDS



AC80



1836



AC81



405



Difference



xxxx



0



xxxx



0



 


































PROFIT AND LOSS



Box No.



This year



Box No.



Last year



profit or (loss) for current year after tax



ac36



 



ac37



 



dividends for the period



ac38



 



ac39



 



net balances transferred to reserves



ac40



 



ac41



 



 









































STATUTORY ACCOUNTS NOTES



Box No.



This year



Box No.



Last year



profit and loss - opening balance



ac184



403



ac215



901



profit for the period



ac185



2139



ac216



-498



equity dividends paid



ac186



0



ac217



0



retained profit



ac187



2542



ac218



403



 


x-error – the retained profit at 2013-07-31 must tally with the value in the balance sheet. Please check and amend your entries


 


 

Expert:  taxadvisor.uk replied 3 years ago.

Graham, thank you for your reply and additional information.

 

I was answering your previous question and told you of the difference between AC74 and AC187 was £708

You should increase your administrative expenses by (400+120+188) = 708 and Box AC20 now becomes (1,461+708) = 2,169 and it will make Boxes AC26, AC32, AC40 and AC185 read 1,431.

Your balance sheet will agree and NO error messages.

 

I hope this is helpful and answers your question.


If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.

 


Customer: replied 3 years ago.

Hi,


 


Still an error message; please see my reviewed summary:


 















































































































PROFIT AND LOSS



Box No.



This year



Box No.



Last year



turnover



AC12



3600



AC13



0



cost of sales



AC14



0



AC15



0



gross profit



AC16



3600



AC17



0



distribution costs



AC18



0



AC19



0



administrative expenses



AC20



2619



AC21



498



other operating income



AC22



0



AC23



0



operating profit or (loss)



AC26



1431



AC27



-498



interest receivable



AC28



0



AC29



0



interest payable



AC30



0



Ac31



 



profit or (loss) on ordinary activities before taxation



AC32



1431



AC33



-498



tax on profit or loss on ordinary activities



AC34



0



AC35



0



profit or (loss) for the financial year



AC36



2139



AC37



-498



dividends for the period



AC38



0



AC39



0



net balance for the financial period transferred to reserves



AC40



1431



AC41



-498



 








































































































BALANCE SHEET



Box No.



This year



Box No.



Last year



intangible assets



AC42



0



AC43



0



tangible assets



AC44



0



AC45



0



TOTAL FIXED ASSETS



AC48



0



AC49



0



stocks



AC50



0



AC51



0



debtors



AC52



0



AC53



230



cash at bank and in hand



AC54



2956



AC55



834



TOTAL CURRENT ASSETS



AC56



2956



AC57



1,064



creditors due within one year



AC58



1120



AC59



659



NET CURRENT ASSETS



AC60



1836



AC61



405



TOTAL ASSETS LESS CURRENT LIABILITIES



AC62



1836



AC63



405



creditors due after more than one year



AC64



0



AC65



0



provision for liabilities



AC66



0



AC67



0



TOTAL NET ASSETS



AC68



1836



AC69



405



 
















































CAPITAL AND RESERVES



Box No.



This year



Box No.



Last year



called up share capital



AC70



2



AC71



2



revaluation reserve



AC76



0



AC77



0



profit and loss account



AC74



1834



AC75



403



TOTAL SHAREHOLDERS FUNDS



AC80



1836



AC81



405



Difference



xxxx



0



xxxx



0



 


































PROFIT AND LOSS



Box No.



This year



Box No.



Last year



profit or (loss) for current year after tax



ac36



 



ac37



 



dividends for the period



ac38



 



ac39



 



net balances transferred to reserves



ac40



 



ac41



 



 









































STATUTORY ACCOUNTS NOTES



Box No.



This year



Box No.



Last year



profit and loss - opening balance



ac184



403



ac215



901



profit for the period



ac185



1431



ac216



-498



equity dividends paid



ac186



0



ac217



0



retained profit



ac187



1834



ac218



403



 


x-error – the retained profit at 2013-07-31 must tally with the value in the balance sheet. Please check and amend your entries

Expert:  taxadvisor.uk replied 3 years ago.
Graham, thank you for your reply. Why is Box AC36 showing 2,139 and not 1,431

profit or (loss) for the financial year



AC36



2139



AC37



-498


Box Ac20 should read 2,169 and not 2,619

administrative expenses



AC20



2619



AC21



498



Here is my table showing no error

Description Box This year Box Last year
of account No. Amount No. Amount
PROFIT AND LOSS
TURNOVER AC12 3,600 AC13 0
COST OF SALES AC14 0 AC15 0
GROSS PROFIT AC16 3,600 AC17 0
DISTRIBUTION COSTS AC18 0 AC19 0
ADMINISTRATIVE EXPENSES AC20 2,169 AC21 498
OTHER OPERATION INCOME AC22 0 AC23 0
OPERATING PROFIT OR (LOSS) AC26 1,431 AC27 -498
INTEREST RECEIVABLE AC28 0 AC29 0
INTEREST PAYABLE AC30 0 AC31 0
PROFIT OR (LOSS) BEFORE TAX AC32 1,431 AC33 -498
TAX AC34 0 AC35 0
PROFIT OR (LOSS) FOR THE YEAR AC36 1,431 AC37 -498
DIVIDENDS FOR THE PERIOD AC38 0 AC39 0
TRANSFERRED TO RESERVES AC40 1,431 AC41 -498
Description Box This year Box Last year
of account No. Amount No. Amount
BALANCE SHEET
INTANGIBLE ASSETS AC42 0 AC43 0
TANGIBLE ASSETS AC44 0 AC45 0
TOTAL FIXED ASSETS AC48 0 AC49 0
STOCKS AC50 0 AC51 0
DEBTORS AC52 0 AC53 230
CASH AT BANK AND IN HAND AC54 2,956 AC55 834
TOTAL CURRENT ASSETS AC56 2,956 AC57 1,064
CREDITORS DUE WITHIN ONE YEAR AC58 1,120 AC59 659
NET CURRENT ASSETS AC60 1,836 AC61 405
TOTAL ASSETS LESS CURRENT LIABILITIES AC62 1,836 AC63 405
CREDITORS DUE AFTER MORE THAN ONE YEAR AC64 0 AC65 0
PROVISION FOR LIABILITIES AC66 0 AC67 0
TOTAL NET ASSETS AC68 1,836 AC69 405
Description Box This year Box Last year
of account No. Amount No. Amount
CAPITAL AND RESERVES
CALLED UP SHARE CAPITAL AC70 2 AC71 2
REVALUATION RESERVE AC76 0 AC77 0
PROFIT AND LOSS ACCCOUNT AC74 1,834 AC75 403
TOTAL SHAREHOLDERS FUNDS AC80 1,836 AC81 405
Difference xxxx 0 0
Description Box This year Box Last year
of account No. Amount No. Amount
STATUTORY ACCOUNTS NOTES
profit and loss - opening balance AC184 403 AC215 901
profit for the period AC185 1,431 AC216 -498
equity dividends paid AC186 0 AC217 0
retained profit AC187 1,834 AC218 403

I hope this is helpful
Customer: replied 3 years ago.

Hi,


Still no joy - i did have AC36 and AC20 correct, just poor copying on my behalf.


 


Could you please confirm which checkboxes I should have enabled


Expert:  taxadvisor.uk replied 3 years ago.
Thank you for your reply..

You can see from my table

Box AC40 = Box AC185 =1,431
Box AC74 = Box AC187 =1,834
Box AC184 = Box AC218 = 403
Box AC68 = Box AC80 = 1,836

There should be no error if the above agree.


I hope this is helpful

Customer: replied 3 years ago.


Hi,


 


Many thanks for your assistance - your figures were indeed correct but the error remained until I eventually manually refreshed the page.


Thanks again and Regards,


Graham

Expert:  taxadvisor.uk replied 3 years ago.
I am pleased that we managed to sort out the error message.

I hope this is helpful and answers your question.


If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get paid for it.

taxadvisor.uk and other Tax Specialists are ready to help you
Expert:  taxadvisor.uk replied 3 years ago.
I thank you for accepting my answer.

Best wishes