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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...
I would like you to look at these boxes first
Box AC70 should read 2 if the share capital has not changed from previous year.
It appears you have added the value of tangible assets as shown in Box AC44 to this figure (2+5,677) making a total of 5,679
Box AC74 should be the same as Box AC40. If there is zero value in Boxes AC28, AC30, AC34 and AC38 then Box AC40 should equal box AC26. Your Box AC26 reads 871 whereas Box AC74 reads 856.
Director's contribution into the project £3,929 should not be treated as other operating income Box AC22, instead it is a balance sheet item and would be part of creditors due within one year Box AC58 if the contribution remains outstanding at year end.
Boxes AC187 should equal Box AC74... I have already asked you to review Box AC74 and Box AC40 above.
Your comments please...
AC12 = 19640
AC14 = 16807
AC16 = 2833
AC20 = 5892
AC26 = -3059 = AC40 = AC74
AC28 = AC30 = AC34 = AC38 = 0
AC70 = 2
AC22 moved to AC58 = 3929 as directors contribution
AC187 = AC74 = -3059
AC44 = AC48 = 5677
AC54 = AC56 = 872
AC58 = 3929
AC60 = -3057
AC 62 = AC68 = 2620
The problem now is with AC80 complaining about -3057 value
Artur, thank you for your reply.
Whilst I review your latest submission,
Please look at Box AC14 - you state it includes equipment purchase + travels + staff salaries. Please advise breakdown of each grouping.
What equipment is included in the total 16,806?
I await more news..
Artur, I think I have cracked it ...
It looks like you have double counted for purchase of equipment and I have removed it from Box AC14.
Secondly, I think travel and staff salaries should be moved from cost to admin expenses .. I will let you consider this..
This is my reconstruction of your accounts for your perusal.
If you need more information on your question about error on tangible assets please let me know before you rate my service.
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It works, but how did you come up with AC14=11.130?
Have trouble rating you. It says that I have no permission to view the page. Can you respond once again so I can rate you?
Artur, thank you for accepting my answer.
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OK, I got a confirmation that I have rated you successfully!
Thanks for your help.