Companies House Confirmation Statement

The replacement for the Annual Return was made on 1 July 2016 and the new Companies House Confirmation Statement must now be used.  This incorporates the People with Significant Control (PSC) statement.  Most of our clients will continue to complete this online using...

Budget 2016 putting the next generation first

The Budget 2016 was full of soundbites: putting the next generation first; act now so we don’t have to pay later; helping working people keep more of the money they earn a key; fix our plans to fit the figures, not fix the figures to fit our plans.  While...

Balance sheet and dividends

The balance sheet shows the limit of what dividends can be drawn: This is made up of the following sections: Fixed assets Current assets Current liabilities Net current assets (or liabilities) Long term liabilities Which is made up by the reserves (a limited company...

Profit and loss explained

This time we look at the profit and loss account: The format of a profit and loss account is pretty standard and of particular interets this time is how much can be drawn as a dividend.  From the top Sales – this is the value of goods or services sold Cost of...