Hi Anna
We always ask newbies to do a little intro as it helps get to know you and also how to pitch answers. So can you please tell everyone a little about yourself - a bookkeeper or Accountant/how long in the business/what qualifications/where up to in your training/member of what prof body/experience/are you a self employed bookkeeper or work for someone else?
Are you talking limited company for this one?
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position