Hi thanks it's my first time here. I do not have a balance sheet drawn up, that is something I want to do to. I never made one before and was looking for what I should include in it.
It is for the statutory requirement from Companies House for micro entities.
what are tangible and intangible assets?there is no current amounts owing to the company. no bank overdraft. no outstanding creditors. current balance in bank approx £30 at the moment. no long term loans, although the Funding Circle did send him a pre-approved letter but since the accounts have not been properly formulated, unlikely to acquire funding. the bank account is in the directors name and is just a basic bank account. not sure what corp tax will be due, the company is at present one man band and has had total tax exemption. all shares are listed to the one director as a private limited company. a profit and loss statement is not required I think. I'm trying to help him with starting to do all the filing correctly, as he is hoping to get things sorted to get funding for working capital and expansion, ie. hiring a few employees, getting an official office, setting up wages etc.
Next accounts made up to 30 November 2014 due by 31 August 2015
Last accounts made up to 30 November 2013
Next annual return made up to 8 November 2015 due by 6 December 2015
Last annual return made up to 8 November 2014
This from the companies house web check... I have saved some filed documents from their beta info bank but would not want to by mistake share everything with the whole web.
I can not attach a document here for some reason..
I have taken a look at the balance sheet mentioned and it just basically has 0 on everything, see below what I copy pasted..
h: 0px; "> Micro-entity Balance Sheet as at 30 November 2013Notes 2013 2012£ £Called up share capital not paidFixed AssetsCurrent AssetsPrepayments and accrued incomeCreditors: amounts falling due within one yearNet current assets (liabilities)Total assets less current liabilities0 0 0 0 0Total net assets (liabilities) 0 0Capital and reserves 0 0• For the year ending 30 November 2013 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.• The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.• The directors acknowledge their responsibilities for complying with the requirements of theCompanies Act 2006 with respect to accounting records and the preparation of accounts.• The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The source of the balance is from a Canadian company that booked an editorial and advert in publication. Can you let me know what the further help would entail and how much it would cost. Obviously the person does not have available funds to pay much at present but I could still let him know how much the help would cost and what it would entail, and your contact details, in case the cash flow situation improves in the near future.
Do you think the best option at present would be to apply for an extension from companies house for the account filing to get some time to look properly through the records and maybe calculate a more accurate assets profit and loss breakdown?
I think in any case the extension would likely be a good idea, so he does not get a late submission fine slapped on. And I am of the impression that some time would be required to generate "proper" filing. Please do send me the offer, I will pass it on.
The advert was placed this year, the cost was £1,950 and they paid as a direct swift bank transfer to the directors bank account.
I hope this is helpful and answers your question.
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 by Just Answer.
Hi, I do have many more questions, but you have answered the original one. If you would like, send me your info and I will keep you in mind for the future. Thank you for your time