Ammending submitted accounts to show profit??

[tractor]

...

I didn't realize it was illegal to amend your company accounts once submitted.

That is because you did not read the declaration you signed on your accounts and the CT return for the year in question. Had you read it, you would understand.

[eek]

doesn't look like it's illegal to me..

https://www.gov.uk/prepare-file-annu...and-amendments

No but they do emphasis that HMRC will take a very close (and painful) interest for a long time to come.

Granted your accountant didn't notice your screw up but I would be hunting for another mortgage provider and using a broker rather than messing around with submitted accounts...

You are using a mortgage broker aren't you (although on the basis of you using accounts it doesn't sound like it)....

[Alan @ BroomeAffinity]

Ammending submitted accounts to show profit??

The question is whether the payment was a divi or a dl. If it was a divi you can't undeclare it. If it was a DL and you mistakenly declared it as a divi (aye, right) then you might have a shot at amending your accounts. Amending accounts isn't illegal. Amending a payment from divi to DL is. You'd need to amend your divi voucher and meeting minutes as well. You do have those don't you?

And the other question is why are you with Brookson if you have to wait so long for a response?

And maybe get a broker who will be able to put you with a lender who will deal with you on your day rate as opposed to your accounts.

[eek]

Well it's true I mistakenly selected dividend rather than Director's loan for the withdrawal. I've been with Brookson since 2004, as they deal with all invoicing, company setup, bank accounts, tax returns, VAT. They've been generally fine though individual enquiries do take a while.

so you've been a limited company since 2004 and don't understand the basics of being a company director....

[Alan @ BroomeAffinity]

so you've been a limited company since 2004 and don't understand the basics of being a company director....

In my (albeit limited) experience with Brookson clients, they are seldom well informed as they entrust almost everything to Brookson and just sign what's out under their nose. That's not necessarily directed to the OP, by the way, just a general observation.

[eek]

In my (albeit limited) experience with Brookson clients, they are seldom well informed as they entrust almost everything to Brookson and just sign what's out under their nose. That's not necessarily directed to the OP, by the way, just a general observation.

Hardly surprising as from memory Brookson originally provided managed service companies before it become illegal...

[Alan @ BroomeAffinity]

Yep, and composites before that.

[SueEllen]

As the OP, that is absolutely correct.

So when one of Brookson's staff decides to steal money from you, you won't notice?

I strongly suggest you take more interest in your accounts especially doing your own invoices. It's not hard.

[northernladuk]

That's pretty much it.

You need to ditch them and sign up with Upton's in Leeds IMO.

[ASB]

I didn't realize it was illegal to amend your company accounts once submitted.

It isn't.

However the have to reflect the actuality. If you are amending then the originals didn't do that.

It is possible there were errors in them. But, on the assumption the dividend was correctly declared in the first place, then that is what is is. It's a piece of history.

It it happened to turn out the dividend was not declared correctly and it was in fact a loan then you can amend.

Of course losing the paper work, it becoming retrospectively a loan would be committing a number of offences. Both you personally and the accountants.