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Please advise figures for AC40 - £8937AC41 - £2786AC74 - £8937AC75 - £2786
Should I be using an accumulative P&L (beginning 2011 to end 2012) in inputting my figures?
Dave, thank you for your prompt reply.Assuming there were no dividends declared in either year and both years are showing a profit, then you should be showing the followingBox AC74 = 11,723Box AC75 = 2,786AC74 = AC187 and AC41 = AC75 = AC184 = AC218
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.
If I put £11,723 in Box AC74 then I get the following error
ERROR:The balance sheet does not tally. Shareholders funds must equal the total net assets (liabilities). Please check your figures and correct your entries as necessary.
I assume this is box AC68 which has £8940 in it.
No dividends have been drawn over the two years.
I have check all the following figures that you gave above and all my figures tally with yours.
Box AC68 £8937 and Box AC69 £2786- Total Net AssetsBox AC70 £0 and Box AC71 £0 - Called up share capital (i know this is not right as there are 3 shares issued)Box AC74 £11723 and Box AC75 £2786- Profit and loss accountBox AC80 £11723 and Box AC81 £2786- Total Shareholders' Funds
Dave, thank you for your reply..First of all, you should correct the error on called up share capital.Secondly, if the profit for the year is £8,937 then there is an error when reporting your Total Net assets Box AC68 as it should read (11,723+3) = £11,726. there appears to be an error of (11,726-8,937) = £2,789 equivalent to your Total Net assets for Year One revised for called up share capital of £3.Please revisit the upper half of balance sheet.
What is your deadline for filing CT600Return?
Do i need to use an accumulated P&L report. If I use the P&L for only 2012 then I get £8937 in AC 40 which I assume should be £11723 is this correct?
am i able to take this up tomorrow morning again as I would like to work on it then (at it is nearing midnight here) or do I need to rate you now (an I assume pay). I would prefer to keep this open in case I get stuck.
Dave, thank you for your reply.If you are happy with the service, then I will appreciate if you would rate it.