I have question about filing Annual Accounts and CT for LTD
1. Should I file Annual Accounts to Company House first then CT to HMRC? or It does not matter
2. I am using VT+ and BTC together to file Annual Accounts and CT, i uploaded TB from VT to BTC, and when i tried to submit CT through BTC, an error coming up saying: "share capital - brought forward is not balancing carried forward", please advise how can i fix it?
3. I am confused to choose required sections (Profit and loss, Balance sheet, directors declaration etc.) for annual accounts to Company House, is there any guidance what must be in it, this is for small companies.
4. I noticed that some ltd companies have different format of contents for annual accounts, and some included profit and loss and some not,
I would be appreciated if anyone could give me any advise
Please give us a little detail about yourself so that we are able to set any answers at the right level.
i.e. are you an experienced bookkeeper just not used to filing? Is this your own business or a clients? What professional body do you trade under?
Straight off from the above it seems that there is confusion as to what gets filed.
For small companies you file the abreviated accounts (the one's without a P&L) with companies house and full accounts including the P&L and full notes to the accounts with HMRC along with the CT600 and tax calculation.
Documents filed with HMRC need to be iXBRL tagged.
I don't use BTC (tried it and personally didn't like it, I use VT Accounts to produce my accounts, CT600 calculation and iXBRL translations) so cannot make comment on that one.
It makes no difference whether you file them together or seperately so long as HMRC get what they want and Companies house get what they need. Generally I do file together simply because it's easier to get everything out of the way at once.
regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
I've had a play with BTC and wasn't keen. I like VT, after a play. Not tried it from a LTD perspective with notes etc. I have searched for a comprehensive manual of sorts for the filing of company accounts. I think if you have a play, compare it with how it looks on paper, you shouldn't be too far off - assuming paper and pen workings are correct!!
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Johnny - Owner of an overly-active keyboard.
A man who can read, yet doesn't, is in no way wiser than a man who can't.
I was beginning to think that it was just me. I know that a lot of people swear by the VT+/BTC combination but I was not feeling the transparency between the two that I was expecting. i.e. from the description of others about how well they worked together I basically expected to press one button for BTC to pick up my .VTR file and sort out the basic tax return from that.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Yes totally. I mean if it's your bag that's cool, horses for courses. In fairness, I've always used excel, never had the need for swanky software for producing accounts, a well formatted and formulated sheet is in effect VT, it's nice for the formulas to be there already mind - tax returns I use taxcalc, I like it a lot. I like how everything about VT is sort of the bare bones of the software world - an actual need for accountancy knowledge! It's still beyond me why no provider offers a comprehensive training course...
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Johnny - Owner of an overly-active keyboard.
A man who can read, yet doesn't, is in no way wiser than a man who can't.
