Corporate Law & Companies House - The Book-keepers Forum (UK)

Rachel767 · Rachel767

Hi everyone, I have a client who ceased trading at the end of October (their year end) and wants to close down their limited company. They have made a loss in the final period, their reserves only stand at around £2k and they have already deregistered for Vat and closed their Paye scheme. No outstanding...

Count1314 · Count1314

LATE INCORPORATION - When incorporation is late - for example client though someone had incorporated for him from Aril 2016.....but hadn't!! If they were to do this now (retrospectively) would there be any penalty?? The incorporation would allow them to file accounts pay tax on time. How late can o...

Blonde Accountant · Blonde Accountant

Heelo, A company I work for is a CIC but they no longer meet the requirements and are going to become a Ltd Co. I know that you can't convert the CIC. It will have to be closed down and anything left will be given to the nominated charity. The company are fine with that, however as they are going to doing a very...

Artois · Artois

Hi all This is not related to any client just asking out of curiosity really. I have been reading up about the differences between FRS102 and FRS105 and was wondering that if you had a company as a client who qualified as a micro entity would you automatically be advising them to report using FR105 or wo...

Tatiana · Tatiana

hi, I would like to thank you for this forum, i do not feel so lonely in my ''lonely journey''. I am about to file a client's final accounts. the company is a small company and from what I understand I do not have to prepare a Director's report? is that right? and also could you please give me any advice bef...

Anthony Heston · Anthony Heston

As a private consultant in the UK, a private client was billed for services rendered. I received the bill back from the client with a restricted endorsement stating that this act was recognised under UK and International Law.! Has anyone come across this before? Thanks Anthony

Sammy76 · Sammy76

A company I do work for had some problems with a client last year resulting in said client owing them over £16K. Recently a Statutory Demand was issued to the client after several attempts to extract payment, including using a debt collection agency. Today they have received an email, in response to...

Kitty37 · Kitty37

Hi The company that I work for has recently completed an allotment of an additional 50 shares in the company. The company now has 100 shares, 50 of which are currently held by the Director and 50 shares from the recent allotment. I have been asked to complete the relevant paperwork to assign those 50 sha...

coco · coco

Hi All, Hope I can get some sound advice. My husband is retiring soon and I'm getting conflicting advice from accountants with regards to taxation and being limited. If I give a quick overall view I wondered if I could get some sound advice? We have opened a Ltd company recently and are using my husba...

Elaine R · Elaine R

HI, I do the bookkeeping for a client. She has set up a new company but it has not started trading yet. She has a friend who wants to invest in the company. My client and her friend are both going to put equal amounts in and then they are going to start trading on Amazon. What is the best way for my client to...

Leger · Leger

I was under the impression that only one company name was allowed, whether be it Ltd or Limited, but I have discovered that my client has xxxx Ltd, and there is also a xxxx Limited. It's possible that this has happened because my client used to be called xxxx/xxxx Ltd, but dropped the first name after sel...

Cheshire · Cheshire

Hi all I have to complete a proof of debt form. Form asks for amount of uncapitalised interest amount. I have seen some comments that this can only be included if there is a contractual right, but have no idea if this is still the case. Formal demand was never made, but the usual in the event of non payment...

Cheshire · Cheshire

Hi all Received a notice that a customer on one of my clients is to appoint a liquidator and need to provide them with proof of debt (which is ok, can do). They have also sent a form for my client to appoint a proxy holder along with voting instructions for that proxy holder. My client acknowledges that...

Leger · Leger

I checked a Company to see if they had filed abbreviated accounts. So (say) they registered the Company on 1st August 2014, normal last date to file would be 1st May 2016, exactly 9 months after 1st August 2015. Accounting period would end 31st August 2015. What the company has done is shortened the ac...

Orchid82 · Orchid82

Hi all. I have just started working at a LLP as an employee. After recently learning of the company structure, a few elements have concerned me, specifically with regards to IR35. I have attached a diagram showing the company structure. There are currently 15 employees and 13 partners. The ultimat...

Corry · Corry

Hi, Please forgive me if this has already been asked (I have looked but couldn't see anything!). New limited company with one director who owns all 100 shares at 0.10p = £10 What should the opening journal be: Cr Share Capital £10 Dr ? From what I have seen online a lot of people are suggesting you debit pe...

Leger · Leger

https://www.gov.uk/government/news/keeping-your-people-with-significant-control-psc-register

Anna88 · Anna88

Could someone advise if turnover accounting policy note (re company which is on Flat Rate Scheme) presented below is fine: The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period, inclusive of Valu...

Anna88 · Anna88

During the year, director withdrawn monies when he needed and then interim dividend was offset to reduce DLA. Unfortunately in one months the balance of DLA exceed £15,000 and director paid interest on that to company. At the end of year is a credit on DLA. Should I make any notes to the abbreviated acc...

Steelman65 · Steelman65

If a Limited Company does not file its annual return can it be struck off even if it still has employees and creditors and is effectively still trading

Topic		Started By	Replies	Views	Last Post
	Closing a Limited Company (Preview) Hi everyone, I have a client who ceased trading at the end of October (their year end) and wants to close down their limited company. They have made a loss in the final period, their reserves only stand at around £2k and they have already deregistered for Vat and closed their Paye scheme. No outstanding...	Rachel767	18	6791	Wed Jan 17 13:44 2018 by Cheshire
	Two questions on incorporation........ (Preview) LATE INCORPORATION - When incorporation is late - for example client though someone had incorporated for him from Aril 2016.....but hadn't!! If they were to do this now (retrospectively) would there be any penalty?? The incorporation would allow them to file accounts pay tax on time. How late can o...	Count1314	43	6511	Fri Nov 10 19:09 2017 by Leger
	Turning a CIC into a Ltd Company (Preview) Heelo, A company I work for is a CIC but they no longer meet the requirements and are going to become a Ltd Co. I know that you can't convert the CIC. It will have to be closed down and anything left will be given to the nominated charity. The company are fine with that, however as they are going to doing a very...	Blonde Accountant	3	4355	Tue Oct 17 12:28 2017 by Cheshire
	Accounting standards (Preview) Hi all This is not related to any client just asking out of curiosity really. I have been reading up about the differences between FRS102 and FRS105 and was wondering that if you had a company as a client who qualified as a micro entity would you automatically be advising them to report using FR105 or wo...	Artois	7	3766	Tue Sep 5 13:58 2017 by Artois
	Directors' report (Preview) hi, I would like to thank you for this forum, i do not feel so lonely in my ''lonely journey''. I am about to file a client's final accounts. the company is a small company and from what I understand I do not have to prepare a Director's report? is that right? and also could you please give me any advice bef...	Tatiana	39	5906	Tue Jun 13 17:17 2017 by Artois
	Bill of Exchange (Preview) As a private consultant in the UK, a private client was billed for services rendered. I received the bill back from the client with a restricted endorsement stating that this act was recognised under UK and International Law.! Has anyone come across this before? Thanks Anthony	Anthony Heston	9	4342	Sat May 13 13:24 2017 by Cheshire
	Where would we stand? (Preview) A company I do work for had some problems with a client last year resulting in said client owing them over £16K. Recently a Statutory Demand was issued to the client after several attempts to extract payment, including using a debt collection agency. Today they have received an email, in response to...	Sammy76	6	3718	Thu Feb 16 18:48 2017 by Cheshire
	Form to assign new allotment of shares to shareholder (Preview) Hi The company that I work for has recently completed an allotment of an additional 50 shares in the company. The company now has 100 shares, 50 of which are currently held by the Director and 50 shares from the recent allotment. I have been asked to complete the relevant paperwork to assign those 50 sha...	Kitty37	2	3407	Mon Jan 9 14:42 2017 by Kitty37
	new company registered ltd (Preview) Hi All, Hope I can get some sound advice. My husband is retiring soon and I'm getting conflicting advice from accountants with regards to taxation and being limited. If I give a quick overall view I wondered if I could get some sound advice? We have opened a Ltd company recently and are using my husba...	coco	3	3688	Thu Jan 5 09:51 2017 by Cheshire
	Shares/investing (Preview) HI, I do the bookkeeping for a client. She has set up a new company but it has not started trading yet. She has a friend who wants to invest in the company. My client and her friend are both going to put equal amounts in and then they are going to start trading on Amazon. What is the best way for my client to...	Elaine R	1	3355	Tue Nov 1 14:26 2016 by Cheshire
	Ltd or Limited (Preview) I was under the impression that only one company name was allowed, whether be it Ltd or Limited, but I have discovered that my client has xxxx Ltd, and there is also a xxxx Limited. It's possible that this has happened because my client used to be called xxxx/xxxx Ltd, but dropped the first name after sel...	Leger	1	3240	Mon Oct 17 00:01 2016 by Cheshire
	Proof of debt and uncapitalised interest (Preview) Hi all I have to complete a proof of debt form. Form asks for amount of uncapitalised interest amount. I have seen some comments that this can only be included if there is a contractual right, but have no idea if this is still the case. Formal demand was never made, but the usual in the event of non payment...	Cheshire	5	7658	Wed Jun 29 22:27 2016 by Cheshire
	Help re proxy for voluntary liquidation meeting (Preview) Hi all Received a notice that a customer on one of my clients is to appoint a liquidator and need to provide them with proof of debt (which is ok, can do). They have also sent a form for my client to appoint a proxy holder along with voting instructions for that proxy holder. My client acknowledges that...	Cheshire	1	3779	Mon Jun 27 18:54 2016 by Cheshire
	Abbreviated accounts dates for submission (Preview) I checked a Company to see if they had filed abbreviated accounts. So (say) they registered the Company on 1st August 2014, normal last date to file would be 1st May 2016, exactly 9 months after 1st August 2015. Accounting period would end 31st August 2015. What the company has done is shortened the ac...	Leger	3	3060	Wed Jun 8 07:34 2016 by GordonB
	Legality of LLP? (Preview) Hi all. I have just started working at a LLP as an employee. After recently learning of the company structure, a few elements have concerned me, specifically with regards to IR35. I have attached a diagram showing the company structure. There are currently 15 employees and 13 partners. The ultimat...	Orchid82	0	7163	Mon May 23 16:09 2016 by Orchid82
	Opening Balance Journal - Share Capital (Preview) Hi, Please forgive me if this has already been asked (I have looked but couldn't see anything!). New limited company with one director who owns all 100 shares at 0.10p = £10 What should the opening journal be: Cr Share Capital £10 Dr ? From what I have seen online a lot of people are suggesting you debit pe...	Corry	3	7017	Mon May 16 13:26 2016 by Corry
	PSC Register (Preview) https://www.gov.uk/government/news/keeping-your-people-with-significant-control-psc-register	Leger	7	7026	Fri May 6 07:24 2016 by Meadowlands
	Turnover accounting policy note (Preview) Could someone advise if turnover accounting policy note (re company which is on Flat Rate Scheme) presented below is fine: The turnover shown in the profit and loss account represents revenue recognized by the company in respect of goods and services supplied during the period, inclusive of Valu...	Anna88	0	4030	Thu Mar 10 16:26 2016 by Anna88
	Disclosure of Director's Loan Account in the Abbreviated Accounts (Preview) During the year, director withdrawn monies when he needed and then interim dividend was offset to reduce DLA. Unfortunately in one months the balance of DLA exceed £15,000 and director paid interest on that to company. At the end of year is a credit on DLA. Should I make any notes to the abbreviated acc...	Anna88	6	4156	Wed Mar 2 17:53 2016 by Anna88
	Being struck off for not filing annual return (Preview) If a Limited Company does not file its annual return can it be struck off even if it still has employees and creditors and is effectively still trading	Steelman65	6	7080	Tue Jan 26 20:48 2016 by Leger
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