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# Hi there, Can anyone help with AC70-AC80 values? AC12=23351 AC14=6675 AC16=16676 AC20

Hi there,
Can anyone help with AC70-AC80 values?
AC12=23351
AC14=6675
AC16=16676
AC20=4384
AC26=12292
AC28=1
AC32=12293
AC34=2457
AC36=9836
AC38=9836
AC40=0

AC44=500
AC48=500
AC52=625
AC54=1885
AC56=2510
AC58=2928
AC60=-418
AC62=82
AC68=82

AC70=?
AC76=?
AC74=?
AC80=?

It would be much appreciated. Thanks
Hello and welcome to the site. Thank you for your question.

- did you issue any shares to yourself ( you should be able to confirm this by looking at the first annual return filed at companies house coverin share capital)

Many thanks
Customer: replied 3 years ago.

Yes, it's the first year of trading (the company was set up on 10.09.2012)

I tried to look online for the first annual return but it doesn't come up...don't know why and also I did't save any copy of it. It only say ''Last annual return made up to 10 September 2013''

You have shown on Box AC38 (dividends for the period) 9,836.
Please confirm you took out profit after tax as dividends.

We will have to show on Box AC70 what ever you have stated on your annual return. If you don't have a copy, you can request details from Comapnaies House for a nominal fee.

Many thanks
Customer: replied 3 years ago.

Regarding dividends...yes, I took out profit after tax.

As far as I remember, AC70=£1

Many thanks

Your accounts show a small difference of 81.

Let's assume the profit figure for the year is correct. You have a difference within the top half of balance sheet. Simply solution is to increase creditors (Box AC58) by this sum and the new figure becomes 3,009.

The alternative is to reduce cash at bank and in hand Box AC54 by 81.. this option is only practical if you held cash at year end.

I would opt for creditors.

Here is my version of your accounts. They balance and no error messages.
 Description this year this year of account box amount PROFIT AND LOSS TURNOVER AC12 23,351 COST OF SALES AC14 6,675 GROSS PROFIT AC16 16,676 DISTRIBUTION COSTS AC18 0 ADMINISTRATIVE EXPENSES AC20 4,384 OTHER OPERATING INCOME AC22 0 OPERATING PROFIT OR (LOSS) AC26 12,292 INTEREST RECEIVABLE AC28 1 INTEREST PAYABLE AC30 0 PROFIT OR (LOSS) BEFORE TAX AC32 12,293 TAX AC34 2,457 PROFIT OR (LOSS) FOR THE YEAR AC36 9,836 DIVIDENDS FOR THE PERIOD AC38 9,836 TRANSFERRED TO RESERVES AC40 0 Description this year this year of account box amount BALANCE SHEET INTANGIBLE ASSETS AC42 0 TANGIBLE ASSETS AC44 500 TOTAL FIXED ASSETS AC48 500 STOCKS AC50 0 DEBTORS AC52 625 CASH AT BANK AND IN HAND AC54 1,885 TOTAL CURRENT ASSETS AC56 2,510 CREDITORS DUE WITHIN ONE YEAR AC58 3,009 NET CURRENT ASSETS AC60 -499 TOTAL ASSETS LESS CURRENT LIABILITIES AC62 1 CREDITORS DUE AFTER MORE THAN ONE YEAR AC64 0 PROVISION FOR LIABILITIES AC66 0 TOTAL NET ASSETS AC68 1 CAPITAL AND RESERVES CALLED UP SHARE CAPITAL AC70 1 REVALUATION RESERVE AC76 0 PROFIT AND LOSS ACCCOUNT AC74 0 TOTAL SHAREHOLDERS FUNDS AC80 1 Difference xxxx 0 this year this year STATUTORY ACCOUNTS NOTES box amount profit and loss - opening balance ac184 0 profit for the period ac185 9,836 equity dividends paid ac186 9,836 retained profit ac187 0

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.

Thanks.

You are a lifesaver!

One more thing, if it's not too much...which boxes should I tick next, on Statutory Accounts Notes

Thanks

Pick boxes
Accounting policies - by default
Tangible assets and select category
Called up share capital - by default
profit and loss account - by default