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lola112705


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limited company ceased trading
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I am a bit confused on preparing the accounts for a company that ceased trading prior to its year end. Will i prepare a full statement up to year end, or just up to date that it ceased trading? There are no fixed assets to start with, and only few creditors. Will it be in comparatives? please help. no


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Fay


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You need to prepare the accounts up to the normal year end date, and you will need to show the comparative figures for the previous year. You may want to include a note in the directors report stating that the company has ceased trading. I'm guessing that baring any outstanding claims, the company will then be struck of the register.


Fay

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lola112705


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Thanks Fay. Will just wait for the bank statements to arrive and well see if liabilities have already paid up to this date.

Cheers!

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