It is the first year.
It is better to attached you the balance and PL account.
It is an website, this is why this is the basic activity
They have only in/out transactions, no fixed assets etc.
I have resend the figures, corrected:
Profit and Loss:
Revenue, Income 167080 Cost of Sales 147812Gross Profit 2 minus 3 19268 administrative expenses 9191 Net Profit(before tax) 4 minus 5 10077 20% tax 2015.4 Net Profit 8062Cash at bank and in hand 10077Debtors 15249 Creditors 12012
Total net assets (liabilities) Fixed assets Called up share capital 3000Intangible assets 0 Share premium account 0Tangible assets 0 Revaluation reserve 0Investments 0 Other reserves 2252Total fixed assets 0 Profit and loss account 8062 Shareholders' funds 13314Current assets Stocks 0 Debtors 15249 Investments 0 Cash at bank and in hand 10077 Total current assets 25326Prepayments and accrued income 0 Creditors: amounts falling due within one year -12012Net current assets (liabilities) 13314Total assets less current liabilities 13314Creditors: amounts falling due after more than one year 0 Provisions for liabilities 0 Accruals and deferred income 0Total net assets (liabilities) 13314
Shareholders' funds Called up share capital 3000Share premium account -Revaluation reserve - Other reserves - Profit and loss account 8062Shareholders' funds : is not 13314
The shareholder is an Hong Kong company and they will not take dividends.
The difference will remain in the company bank account, the profit,
The company was registered with 3000 unpaid shares and the share capital was not paid until now.
How can I solve this?
Yes, I confirm Profit is £8,062.
How can I send you the attachment?
Basically in the attachment is what I have copy paste
At the end of the period
I have cashed 167080 for resell services and I have paid for them 147812 for them
I still have to cash from the clients 15249
and I have to pay to the partners who provide services, services which are reselled by me 12012
I have paid for administrative expenses 9191
What is missing ?
.....I can pay extra, just help, I need to finalize, should I start another topic?
I thank you for accepting my offer..Please reply to my comments in my last posting.
What is your company year end?
Creditors less than 1 year, please check your email.
You have stated
"and I have to pay to the partners who provide services, services which are reselled by me 12012"
Please advise if this figure is also included in your cost of sales shown as £147,812
No, it is not included
I can;t find your email to send the balances
Accounting date: 31/08/13 - 31/08/14
They were paid from company funds
There was no called up share capital