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Hello and welcome to the site. Thank you for your question.Please let me have some basic information and I will help you ...For Balance Sheet I need information as follows:- Bank balance at year end- Had you issued any shares in the year? If so how many and nominal value of each share- How much had you paid for company expenses out of pocket in total?- how much did you get from sales - value pls?many thanks
Accountancy period - 3/2/13 - 28/2/13
Bank balance at year end (company bank account) - £125
No shares issued (shares are the same as when I set up - no change)
During this period I paid £339.27 from my personal account (although speaking to a friend of mine, I may need to discount this £64.93 as this was for website renewal which is in my name not the company's as was purchased before the company was incorporated).
One single sale - £125 (paid into company account. The costs for this sale were not paid out until the next accounting period)
Hope that makes sense?!
Should probably have mentioned (don't know if it makes a difference or not) but the money spend was all on promotional/marketing items (flyers and uniform shirts).
Cost of item - £105
P&P - unfortunately can't remember and can't find any records (it's filed away somewhere safe, if only I knew where that was!)
Thanks - is there anything else you need?
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Awesome, thank you! So, would that mean I could claim for costs for the company incurred prior to the company formation (as in the purchase of the initial website in nov 11, flyers in Jan 12, and the costs of company incorporation)? Otherwise I am not sure how to 'claim them back' later on without complicating a further period. If not, dO I write them off as a personal expense? (talking an additional £250 roughly).
OK, so where would I include £180, and £77?
And I'm a bit confused as to why the forecast profit has been taken into account when that falls outside the timeframe?
Sorry, my brain is totally fried at the moment.
If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get paid for it.
Last question, do I need to add in the transactions with directors?
Ok. It's now come up saying - Current period: Called up share capital is required
No changes in shares since set up - 100 shares @ £3 each. Should that number be 300?
Shares are all mine - no diff?
Sorry for being such a pain - so totally different to SA.
Thanks for all your help!