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Sam, Accountant
Category: UK Tax
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I am struggling to get my CT600 through, as soon as I enter

Customer Question

Hi I am struggling to get my CT600 through, as soon as I enter a value into the field AC215 I get an error saying fields AC218 and AC187 do not match what is on the balance sheet
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I believe the values I have input into the balance sheet are correct so I'm unsure how I can get the fields to match on the profit and loss
JA: Is there anything else the Accountant should be aware of?
Customer: I am a sole IT contractor operating as a limited company
JA: OK. Got it. I'm sending you to a secure page on JustAnswer so you can place the $5 fully-refundable deposit now. While you're filling out that form, I'll tell the Accountant about your situation and then connect you two.
Submitted: 5 months ago.
Category: UK Tax
Expert: replied 5 months ago.
Thank you for your question.Please advise if this is your first year of filing CT600.Also let me have images of pages- profit and loss account- balance sheet- accounts notes - profit and loss accountI will review your accounts for you and sort out the error. Many thanks
Customer: replied 5 months ago.
No this is not my first year
Expert: replied 5 months ago.
Thank you for your reply..I have looked at your CT600 and I have indentified differences as follows:You have stated that your profit retained for 2015 is 12,755 and that profit retained for 2014 was 10,445.Was 2014 your first year of trading? Assuming it was that the profit retained at the end of 2015 should be (12,755+10,445) 23,200 and it is this figure that should be in box AC74 for 2015 and the figure for 2014 AC75 should be 10,445.You have shown AC74 4,136 and AC75 2,350 to balance your balance sheet and thats wrong.I suggest you revisit your balance sheet numbers and come back. I am happy to offer your premium service to help correct your balance sheet. Please let me know and I will send you an offer. many thanks
Customer: replied 5 months ago.
No this is my 7th year of trading. I have input those values into AC74 and AC75 but I now get an error saying total net assets must equal capital and reserves for the current and previous years?
Expert: replied 5 months ago.
Thank you for your reply..You say you have been trading for 7 years... what was your cumulative profit and loss balance at end 2013 as the figures presented by you are not correct.You can't just put the figures as shown. It is important that the figure that goes in box AC215 is correct as you have a blank in that box.I can only help you if you give me complete information.. would you consider the premium service? Let me know.Boxes AC74/AC75 would only equal AC40/AC41 if it was first year and or there was zero profit/loss in subsequent years.Please advise
Customer: replied 5 months ago.
Is the cumulative profit and loss field AC187?
If so for 2012-2013 it is £6880. I have left AC215 blank because no matter what figure I input into that field it caused the error that AC218 and AC187 do not match with the balance sheet.
How much is the premium service?
How will AC74 and AC75 match AC68 and AC69 because I get an error on the balance sheet as I noted above when I update with the figures you gave in your previous response?
Expert: replied 5 months ago.
Thank you for your reply.Figures up to boxes- Total net assets and- Shareholders' funds are as per your CT600. If the retained profits at end 2013 were £6,880, then retained profits at end of 2014 and 2015 areAC218/AC75 £17,325AC187/AC74 £30,080and these figures should be input.If you did that then your balance sheet would not agree unless yourevisit the top half of your balance sheet.Are you able to give me your company name and I may be able to look at what was filed at Companies House in previous years? BALANCE SHEET - as at 31 MarchBox No.2015Box No.2014intangible assets AC42 0 AC43 0tangible assets AC44 0 AC45 0TOTAL FIXED ASSETS AC48 0 AC49 0stocks AC50 0 AC51 0debtors AC52 4,716 AC53 2,830cash at bank and in hand AC54 9,779 AC55 9,579TOTAL CURRENT ASSETS AC56 14,495 AC57 12,409creditors due within one year AC58 10,358 AC59 10,058NET CURRENT ASSETS AC60 4,137 AC61 2,351TOTAL ASSETS LESS CURRENT LIABILITIES AC62 4,137 AC63 2,351creditors due after more than one year AC64 0 AC65 0provision for liabilities AC66 0 AC67 0TOTAL NET ASSETS AC68 4,137 AC69 2,351CAPITAL AND RESERVES Box No. 2016 Box No. 2015called up share capital AC70 1 AC71 1revaluation reserve AC76 0 AC77 0profit and loss account AC74 4,136 AC75 2,350TOTAL SHAREHOLDERS FUNDS AC80 4,137 AC81 2,351 STATUTORY ACCOUNTS NOTES Box No. 2015 Box No.2014profit and loss - opening balance ac184 17,325 ac215 6,880profit for the period ac185 59,460 ac216 53,590equity dividends paid ac186 46,705 ac217 43,145retained profit ac187 30,080 ac218 17,325Many thanks
Customer: replied 5 months ago.
It is LB Jackson Ltd company number 06665472
Expert: replied 5 months ago.
thank you for the infomation.I am lost ... you say in 2014 you made a profit after dividends of £17,235 and it appears the company has been making profits every year. Yet the balance sheet as filed at Companies House is showing profit & loss account balance of £3,442 .. something is not right.Were your accounts prepared by a professional accountant and who filed the company's CT600 returns? Many thanks
Customer: replied 5 months ago.
all previous years have been submitted by a professional accountant but he has started a new job and doesn't have time to help me out with this years which I have been trying to do myself. The value of £6880 I have just realised has come from the 2012-13 CT600 sorry about that. I have tried to open the CT600 for 2013-14 but it will not approve the certificate, if the balance sheet at companies house says £3442 for year 2013-14 then that will be the correct figure
Customer: replied 5 months ago.
Hi are you still looking into my issue or have I used up your time now for the fee I paid?
Expert: replied 5 months ago.
Thank you for your reply.I have been waiting for more information from you.I have looked at past accounts filed at Companies House. Please clarify for me -Profit and loss account balance at 31 Aug 2013 was 6,880 per the balance sheet filed.You say you made in 2014 profit after dividends paid £17,235.. How come your profit and loss account in Blance sheet at 31 Aug 2014 is showing £3,442.I can certainly help you I have offered premium service to cover phone call also . I have not been paid any amount as yet as the payment is sitting with just Answer.

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