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taxadvisor.uk
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4940
Experience:  FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
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Doing my Abbreviated accounts today very small company need

Resolved Question:

Doing my Abbreviated accounts today very small company need to file it
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 your concerns and provide your accounts for me to review.

Many thanks.
Customer: replied 2 years ago.

Hello

This is my first year filing accounts as last year the company was dormant. This year the company received just £400 income, and I have paid some costs amounting to about £199. I have to file at companies house today and need help. There is only 1 share which is £1, one director (me) and no investors. So far this is what I have done can you help me finish this please.


Abbreviated Balance Sheet as at 31 August 2014





































Notes20142013
££
Current assets
Cash at bank and in hand4001
4001
Net current assets (liabilities)4001
Total assets less current liabilities4001
Total net assets (liabilities)4001
Capital and reserves
Called up share capital4001
Shareholders' funds4001
Expert:  taxadvisor.uk replied 2 years ago.
Matt, thank you for your reply.

Here are your accounts for perusal and filing.

Balance Sheet as at 31 Aug 2014
Balance Sheet as at 2014 2013
Current assets
Stocks 0 0
Debtors 0 0
Cash at bank and in hand 202 1
Total current assets 202 1
Creditors: amounts falling due within one year 0 0
Net current assets 202 1
Total assets less current liabilities 202 1
Creditors: amounts falling due after more than one year 0 0
Total net assets (liabilities) 202 1
Capital and reserves
Called up share capital 1 1
Profit and loss account 201 0
Shareholders funds 202 1

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 2 years ago.

Thanks thats a very quick response you have helped reduce my stress by loads already. I'm going to submit these figures below. Do I need to submit anything else with these figures like CT600 or CT or is this all I need to do today?


Abbreviated Balance Sheet as at 31 August 2014





















































Notes20142013
££
Current assets
Stocks--
Debtors--
Cash at bank and in hand2021
2021
Creditors: amounts falling due within one year00
Net current assets (liabilities)2021
Total assets less current liabilities2021
Total net assets (liabilities)2021
Capital and reserves
Called up share capital11
Profit and loss account2010
Shareholders' funds2021
Expert:  taxadvisor.uk replied 2 years ago.
Matt, thanks for your reply.

Today is just abbreviated accounts at Companies House.
CT600 return due at HMRC no later than 31 Aug 2015.
You woould have to pay CT at 20% on your profit (201 x 20%) = £40.20. This is payable no later than 1 Jun 2015.

I have not made any provision for that in the above accounts. You coould if you wish to.. in which case the accounts would be

Balance Sheet as at 31 Aug 2014
Balance Sheet as at 2014 2013
Current assets
Stocks 0 0
Debtors 0 0
Cash at bank and in hand 202 1
Total current assets 202 1
Creditors: amounts falling due within one year -40 0
Net current assets 162 1
Total assets less current liabilities 162 1
Creditors: amounts falling due after more than one year 0 0
Total net assets (liabilities) 162 1
Capital and reserves
Called up share capital 1 1
Profit and loss account 161 0
Shareholders funds 162 1


I hope this is helpful.
taxadvisor.uk, Chartered Certified Accountant
Category: Tax
Satisfied Customers: 4940
Experience: FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
taxadvisor.uk and other Tax Specialists are ready to help you
Customer: replied 2 years ago.

So pleased I asked that question so that CT is included on the sheet.

Sounds like I best pay the CT today and I have no idea where I pay that or how, is it ok if you can tell me then I'm happy to submit your feedback you have been brilliant thanks.

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

More information on how/where to pay corporation tax can be found here

https://www.gov.uk/pay-corporation-tax



I hope this is helpful.
Expert:  taxadvisor.uk replied 2 years ago.
I thank you for accepting my answer.

Best wishes.

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