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Sam
Sam, Accountant
Category: UK Tax
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I am trying to file corporate accounts micro entity, they

Customer Question

I am trying to file corporate accounts for a micro entity, they are very simple accounts as one man band making a loss.
I have entered the profit and loss and balance sheet as i thought correct but it only pulls through the income amount and not expenses, shows his gross income as taxable.
What am I doing wrong? Which box have I missed or completed incorrect?
Submitted: 1 year ago.
Category: UK Tax
Expert:  taxadvisor.uk replied 1 year ago.

Thank you for your question.

I will happily review your figures and help you with clearing the error.

Please send me images of your

- Profit and loss account

- Balance sheet

- Accounting Notes - profit and loss account

Many thanks

Customer: replied 1 year ago.
There are no accounting notes...As you can see for this period the company made a loss
Expert:  taxadvisor.uk replied 1 year ago.

Thank you for your reply and for the information

please confirm the loss is 953 and not 952

You have share capital of 1 an you have shown it as called up share capital not paid.

It would be simpler to call it called up share capital 1 (in the capital and reserves section) and add 31 to cash at bank and in hand to reflect payment of £1 for the share.

I don't use this type of filing as it is beta service. Instead use Companies House website for filing abbreviated accounts/micro-entity accounts or HMRC own software for CT600 return

Based on what you have provided, you have a difference of 1. Do the adjustment as suggested and let me know if it has worked.

Your capital and reserves should be

Share capital 1

P&L account -953

Your profit and loss figure in box Ac435 should be -953.. just adjust box Ac425 to read 20147.

I will then ask you to rate my service.

Many thanks

Customer: replied 1 year ago.
Sorry this is HMRC own software, through their online service, I filled with companies house on 31st December, showing -952.I only show 1 share because I thought I had to, is that not right?
Customer: replied 1 year ago.
Am i crazy thinking the current assets on the balance sheet should be a minus figure?
Customer: replied 1 year ago.
I made the current assets 0
accrued income 24064
creditors 25018
Customer: replied 1 year ago.
Gives me a figure at the bottom of -953
Customer: replied 1 year ago.
Then I get to this page..Trading account details
Expert:  taxadvisor.uk replied 1 year ago.

Thank you for your reply

Attached is what you filed at Companies House..

it shows called up share capital not paid as NIL and capital and reserves as -952

This would imply

Your capital and reserves should be

Called up share capital 1

P&L account -953

If you use these figures then your accounts would balance

Also attached is revised balance sheet for your perusal

Please adjust p&l for this

Your profit and loss figure in box Ac435 should be -953.. just adjust box Ac425 to read 20147.

I hope this helps.. please advise and the I will request you to rate my service

Expert:  taxadvisor.uk replied 1 year ago.

Personally, I would not use the service you have opted for (its being tried as beta)

Stick to using CT600return by downloading PDF file

Customer: replied 1 year ago.
where do I download CT600 as when I log in it takes me to this service
Customer: replied 1 year ago.
These accounts are for period 07/2014 - 03/15 am I right in thing CT600 not appropriate for these accounts?
Customer: replied 1 year ago.
Sorry found earlier version CT600..
Customer: replied 1 year ago.
As you are not really up to date on this software and I have got no futher than when I started with filing taxes. I don't feel this has answered my question as it is still not pulling figures through correctly
Expert:  taxadvisor.uk replied 1 year ago.

I am a professional accountant who helps customers here and also file my clients' CT600 returns. I know these returns.

I can help you ..consider a phone call request.