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Hello, if you have any questions or need further clarification after reading my answer please let me know.
Thank you for your question...
Please let me have the following figures from your CT600 return and I will do my best to help you.
Please find answer below. Extra info:
- we purchased equipment for a total value of 5946
- depreciation in the current year was 269
- net value is then 5677
- total share value is 2
- total turnover was 19640 (AC12)
- costs (equipment purchase + travels + staff salaries) was 16806 (AC14)
- administrative costs were 5892 (AC20)
- director contributed with 3929 to the project (AC22)
- Hence operational balance was 871 (AC26)
Does it help?
Artur, thank you for your reply...
There appear to be errors in your presentation of figures -- I am going to look at your question of error on tangible assets pages only first and we could address overall accounts as a separate question please...
Lets us first of all concentrate on the error on tangible assets..
I presume you have put a cross (X) against Office equipment (including computers) under tangible assets on the page "Statutory Accounts Notes"
Now we turn to page Statutory Accounts Notes - tangible assets: Office equipment
This is what I would expect to see based on figures given by you..
STATUTORY ACCOUNTS NOTES
TANGIBLE ASSETS - OFFICE EQUIPMENT
AT beginning of year
AT Closing of year - calculated
CHARGE FOR YEAR
NET BOOK VALUE
AT Closing of year this year - calculated
AT Closing of year last year - calculated
TANGIBLE ASSETS - TOTAL comes from Office Equipment
Please let me know if this works
I indeed put a cross (X) against Office equipment (including computers) under tangible assets on the page "Statutory Accounts Notes". Otherwise the tangible office equipment page would not appear.
The content of my table is exactly as yours. I checked everything few times and just in case re-entered the numbers in each field manually again. However, when pressing "next" in "Tangible assets: Office Equipment", it shows an error in field AC133 "X ERROR: The net book value must tally with the tangible fixed assets value in the balance sheet. Please amend your entry" on the page of "Tangible assets: Total".
Artur, thank you for your reply..
Do you have a X in any other category under the group Tangible Assets on Statutory Accounts Notes page?
I have just re performed these numbers on another CT600 return and my figures are not showing any errors.
I suggest, you go back and put zeros first, save all work to page Balance Sheet continued page and then input tangiable assets figures again and make sure only Office Equipment category is available for input and this total should roll into the summary page of Tangible assets total.
One more thing you must do...
Although when you input the figures the first time it may show the error message on the tangible assets total page, if you were to press next twice on the total page the error should disappear..
Artur, I hope you have been able to resolve the error message and that the figures in Boxes AC45 and AC133 agree.
As I stated earlier, some accounting treatment of other entries in your profit & loss account and Balance Sheet needs addressing.
If you need more information on your question about error on tangible assets please let me know before you rate my service.
I hope this is helpful and answers your question. I am available for any follow up questions you may have, and you can use the reply button to post your follow up questions to the page. If you are happy and there are no more issues pertaining to your original question I will appreciate if you would kindly rate the service I provided to ensure I get paid for it.
Artur, thank you for accepting my answer.
You may wish to review your accounts again as accounting treatment of some transactions as presented to me in your replies doesn't appear correct.
I will be happy to help if you were to put a fresh question as request for me to answer.