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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4943
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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there, trouble with CT600 I'm afraid

Resolved Question:

Hi there, trouble with CT600 I'm afraid
Submitted: 2 years ago.
Category: Tax
Expert:  taxadvisor.uk replied 2 years ago.
Hello and welcome to the site.

Thank you for requesting I help you with your question.

Please advise what problems are you facing with CT600 Return
Is this your first return or have you filled one before

Send me screen shots of relevant page(s) and I will review your accounts.

Many thanks
Customer: replied 2 years ago.

Hello, we have been trading for 4 years, but starting to make a modest profit.

Operating profit this year 4171

Retained losses from last year 1672

Shareholder capital increased from 2 to 100

AC187 = 2499 (4171-1672) = AC74 but error that figures must tally.

Any thoughts?

Expert:  taxadvisor.uk replied 2 years ago.
Thank you for your prompt reply.

There are two checks on the balance sheet
AC74=AC187
AC68=AC80

Please complete boxes as applicable and I will review your accounts. WE will sort out the error message..

PROFIT AND LOSS Box No. This year Box No. Last year
profit or (loss) for the financial year AC36 0 AC37 0
dividends for the period AC38 0 AC39 0
net balance for the financial period transferred to reserves AC40 0 AC41 0
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 0
cash at bank and in hand AC54 0 AC55 0
TOTAL CURRENT ASSETS AC56 0 AC57 0
creditors due within one year AC58 0 AC59 0
NET CURRENT ASSETS AC60 0 AC61 0
TOTAL ASSETS LESS CURRENT LIABILITIES AC62 0 AC63 0
creditors due after more than one year AC64 0 AC65 0
provision for liabilities AC66 0 AC67 0
TOTAL NET ASSETS AC68 0 AC69 0
CAPITAL AND RESERVES Box No. This year Box No. Last year
called up share capital AC70 0 AC71 0
revaluation reserve AC76 0 AC77 0
profit and loss account AC74 0 AC75 0
TOTAL SHAREHOLDERS FUNDS AC80 0 AC81 0
Difference xxxx 0 xxxx 0
STATUTORY ACCOUNTS NOTES Box No. This year Box No. Last year
profit and loss - opening balance ac184 0 ac215 0
profit for the period ac185 0 ac216 0
equity dividends paid ac186 0 ac217 0
retained profit ac187 0 ac218 0


Many thanks
Customer: replied 2 years ago.

AC68 = 2599 = AC80

Ok, I feel a prat now. I have saved CT600 and returned to it and the error seems to evaporated!

Expert:  taxadvisor.uk replied 2 years ago.
Thank you for your reply.

I hope my input has been helpful.

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

taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4943
Experience: FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
taxadvisor.uk and 3 other Tax Specialists are ready to help you
Expert:  taxadvisor.uk replied 2 years ago.
I thank you for accepting my answer.

Best wishes

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