Hello and welcome to the site. Thank you for your question.Please advise what the company year end is?You say you have generated just under £6k in revenue.. do you have a feel of profit after expenses but before salary to directors?
Do you have dates and amounts of when the monies were withdrawn as salaries?
When did you start trading?
Hi, thanks for your quick response.
The (Ltd.) company was incorporated on 16/10/13, and between this date and when we applied to strike off (02/09/14).
On the two jobs we carried out, we earned £750 (paid in March 2014) and £5000 (paid in early April 2014). The £5000 payment should have been paid in March 2014, but was paid late by the client.
As a result, 2 of 3 of us were paid on April 10th (£2500) each and June 23rd (£254.59). We also spent about £250 on Software licences. These were our only transactions.
We have received a corporation tax letter for the period of October 2013 to October 2014
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.
Hey,Thanks for the response, thats good to hear, it was looking like we were going to have to pay a ridiculous amount of tax for an unprofitable period. I've got just two clarifying questions if thats ok?Firstly, are we going to have to therefore file two tax returns, one for Oct 13 until Oct 14 and one for Oct 14 until strike-off date? Or alternatively can we just file one return for Oct 13 until strike off date, such as a CT600 short form?Secondly, you mention directors fees, do you know what category/box we would fill in for this on say a CT600 short form to account for this, or is this something we need to take to an accountant to do? I'm sorry I'm finding the whole thing perilously unclear!Thanks again,
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