As the value is so small I wouldn't put it to a capital account but to an expense account. You could either make one called Kitchen equipment or put them in repairs and renewals. Don't put them as misc expenses as HMRC don't like uncategorised expenses.
If you are using sage make the new nominal codes in the 7000 range.
It depends - if the fryers are used to produce a product (ie they are directly involved in the process and without them the product can't be sold) then they could be put in the 6000 range. Just pick an unused number and call it kitchen equipment or whatever. Otherwise do the same in the 7000 range.
I am inclined to agree with Sheila, create a new category in the 6000 range if they are used in producing a product/service, or alternativly in the 7000 range. I wouldn't put it in repairs and renewals as I would consider these just premises expenses, i.e. repairs to the actual premises itself such as new doors or windows. (Just my opinion tho).
If I was doing it I would create a new code called kitchen equipment in the 7000 range. I usually get round not knowing what category to put something in by creating its own category in the COA.
Although I am using VT Transactions, it has a preset nominal account called Equipment Expensed, which you could recreate in Sage in the 7000 range, then any small/ low value equipment or tools can be posted to that.
It is useful to have an account like this, for reporting/ analysing expenses
Yeah I think it will be useful for me to have a code for it, as there is so much posted to repairs already (all the damn bars are falling apart!)
I just don't have a category which fits it and i'm not sure how to create new categories, unless I just add it to the Equipment Hire one, it is Equipment..
If you find an account in the right range (78xx, I think is a good area) that you are not likely to use, just edit the name and us that one.
In the chart of accounts 7800-7899 is grouped in the maintenace section, if you go to Company>Nominal, then select the Record icon button, type in a suitable code in the nominal code box (suggest 7805, if not being used). It will say new account on the right, go to the name box and give it the name you want (I use equipment expensed) and save the changes. You created your new account and it should appear in you reports/ P&L/ BS without any other changes
