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Just list them as part of the share capital. In my opinion, however, it would be a more flexible arrangement if they were classified as a loan to the company and thus more easily repaid at some future date.
I do hope that you have found my reply of assistance.
I see, that does make a difference so my suggestion regarding loans is inappropriate.
Your approach is correct.
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No, you have issued shares to yourself, that is one transaction. What the company does with the moneys paid in is their affair and in the scenario set out in your question, its use as working capital is quite appropriate. Remember you and the company are separate legal entities.
It is not called up capital not paid, but simply fully paid up capital. If an agreement had been made to issue shares but not pay anything up front into the company then these would be issued but not paid up shares, but that is not the case here.
Like all final accounts there are two bits, the Profit and Loss Account (P&L) and the Balance Sheet (BS). The first essential is to ensure that the BS actually balances and that where data is common to both the P&L and the BS that is corresponds. You do not pay any tax, the company will be liable to Corporation Tax (CT) on any surplus made, the current rate is 19%. You may not realise this, but within the EU the UK is considered a tax haven because of its low rate of CT.
Please expand on the 6000 quid 'coupon payment' to the SIPP pensions administrator.
Put the 6750 as a debtor and when it is eventually repaid that account can be cleared.
No, the 13500 will be additional.
I shall b in until about 2030 hrs.
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