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Sam
Sam, Accountant
Category: Tax
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Ct600 can't get AC187 to equal AC74 because of negative reserves

Customer Question

ct600 can't get AC187 to equal AC74 because of negative reserves transferred from last year ct600.
2015 2014 2013
Turnover 160323 143624 146405
Cost of Sales 99912 108312 102905
Gross profit or loss 60411 35312 43500
Distribution Costs 33105 36356 41273
Administrative Expenses 22207 14265 11641
Operating profit or loss 5099 -15309 -9414
Interest payable and sim 80 1268 45
Tax on profit or loss
profit or loss for the fin 5019 -16577 -9459
Fixed assets
Tangible assets 2738 3327 3423
Current assets
stock 24000###-##-####
cash at bank 2088 2842 314
Total current assets 26088###-##-####
Creditors falling due 1yr 2000 2000 20794
Net current assets (liable) 24088 14842 -11480
Total assetts less liabilities 26826 18169 -8057
creditors falling over 1yr 18746 17912 0
total net assets 8080 257 -8057
Capital and reserves
Called up share capital 3061###-##-####
Profi and loss account 5019 -16577 -9459
Total sharehol
Submitted: 1 year ago.
Category: Tax
Expert:  taxadvisor.uk replied 1 year ago.
Thank you for your question...I will study your figures and revert to you. Many thanks
Expert:  taxadvisor.uk replied 1 year ago.
Please advise how you have arrived at the figures for- called up share capital (i wish to know what the called up sahre capital is i.e. no of shares and nominal value of share) - profit and loss accountMany thanks