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Sam, Accountant
Category: UK Tax
Satisfied Customers: 6507
Experience:  26 HMRC expertise, PAYE, Self Assessment ,Residency, Capital Gains, CIS ask for Sam Tax
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I cant get my AC218 to balance comes up with error

Customer Question

i cant get my AC218 to balance comes up with error
Submitted: 1 year ago.
Category: UK Tax
Expert: replied 1 year ago.

Thank you for your question.

Please advise if this is your first year of reporting.

Also let me have snap shots of pages

- profit and loss account

- balance sheet

- accounts notes - profit and loss account

I will happily review your figures and revert to you.

Many thanks

Customer: replied 1 year ago.
sorry having a problem getting a snap shot to you what parts do you need to see and i can write it out for you thanks
Expert: replied 1 year ago.

Thanks for your reply

As a minimum, please let me know figures in







Many thanks

Customer: replied 1 year ago.
ac 40 840
ac 41 1829
ac 68 563
ac 69 - 3240
ac 70 200
ac71 50
ac 74 363
ac75 -3290
ac80 563
ac81 -3240
ac215 409
ac 218 2238
Expert: replied 1 year ago.

Thank you for the information

Let me review them and I will revert to you shortly.

many thanks

Expert: replied 1 year ago.

Thank you for your patience

We have some big differences to clear..

Lets start with last year first

AC75 should equal AC218 and you are showing

AC75 -3,290 and AC218 2,238

If your profit figures are correct then AC69 and Ac81 should read (2,238+50) 2,288.

On the other hand, if AC69 and AC81 are correct then the figure input in Box AC215 is incorrect and should read -5,119.

Now we come to this year

I see a change in called up share capital .. did you issue more shares?

You had made a modest profit of 40 yest your net assets have moved from -3,240 to 563 ... a movement of (3,240+563) 3,803..

How do you reconcile this with the profit of 40.

many thanks

Expert: replied 1 year ago.

I am happy to review your accounts in detail by offering premium service.

please let me know if this is something you may be interested in.

Many thanks

Customer: replied 1 year ago.
ac 69 - 3240
ac 81 - 3240my accountant has put in ac59 4691
what seem to be the problem
Expert: replied 1 year ago.

AC59 is creditors due within one year and whatever figure you put in this box it is reflected in box AC69

Was your retained profit at the beginning of last year AC215 409 or a different figure.

Please let me know how you wish to progress.

Many thanks

Customer: replied 1 year ago.
ac 215 for my say opening balance for 10th sep 2013 that day i started my compnay that balance was 0 if its last years retainted profit it 602
Expert: replied 1 year ago.

Are you willing to provide me with your company name .. I will do a quick check on what was filed at Companies House

I am getting information in bits and thats not helpful.

many thanks

Customer: replied 1 year ago.
Precision (Daniel Nottingham) Ltd
Expert: replied 1 year ago.

Thank you for the information..

Your accounts are due for filing today and unless they are filed before midnight, you will be levied a late filing penalty of £150.

Last year was your first year of reporting ..

I don't understand how you show a profit of 1,829 in box AC41 and -3,290 in Box AC75.

Did you make a loss in the year?

I can help you file your accounts tonight by offering premium service. Please let me know if acceptable otherwise I will head to bed.

Many thanks

Customer: replied 1 year ago.
i have my accounting sheet here loss of 2268 and at that date its liabilities exceeded its assets by 3240
Expert: replied 1 year ago.

Liabilities exceeded Assets by 3240... yet you are saying the loss was only 2268 and why not 3290?

Just exchanging messages are not going to help as we are approaching deadline.

Unless we progress, I would opt out.

Please let me know

Expert: replied 1 year ago.

it is easier to just file abbreviated accounts at Companies House website and worry about CT600 another day as the deadline is for filing accounts at Companies House.

Expert: replied 1 year ago.

i am sending you my offer in case you wish to accept it