Hello and welcome to JustAnswer. I am here to help you. I am reviewing your question and will respond to you shortly.
Thank you for your question.
Please let me have pages of
- profit and loss account
- balance sheet
- statutory accounts notes - profit and loss account
I will review your figures and resolve the error.
send pages of CT600 return where the error is shown
please copy and paste
You stated -
Customer: I am encountering the error message on the Balance Sheet 'There is a problem with your form. Total net assets must equal capital and reserves for current year. Total net assets must equal capital and reserves for previous year.' Everything I try to do does not clear this erro thank you ..
where are you getting the error
please copy and paste the page you are seeing from HMRC website
Thank you for your reply and for the information.
There are a few question for clarification..
- why have you entered values in boxes AC76 and AC77
- what is the profit for the year
- surprised there are no creditors
You may wish to consider phone call to speed up exchanges..
You made profit in the year £11,836.05 yeat your net assets are £1,186. What happened to the rest of the profit.
I feel a phone call would be helpful.
I am a qualified accountant and I am used to filing CT600 returns for clients
Please let me know and I will send an offer
Thank you for your reply.
You have to make two changes
- remove £1 from Boxes Ac76 and AC77.
On the page Accounts Notes, please make sure the box for Revaluation reserve is de-selected and there in no X in the checkbox.
- increase cash at bank and in hand by 1 to 11,837 and this will make boxes AC68 and AC80 equal £11,837.
Please come back after you have made changes and we will continue if the error is still there.
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.