Section 75 failed trying to get cash back for an expense - bad debt?

[7specialgems]

Bought some materials, logged it as an expense, turned out the goods were shoddy and can't get the money back.

Obviously this expense is already on my P&L but are there any other financial accounts/registers that must record this event?

Loss was around £150 if that makes any difference.

[SueEllen]

Nope there isn't. You just need some record for your accounts of why you didn't get the money back and show you chased it.

If you brought the goods on a personal credit card to then sell to your business then kick up a stink with the credit card company. Companies don't like their names dragged through the mud so use social media and other ways to complain at the same time.

Also notify trading standards about the merchant - you have to either go through your local council or Google will reveal how to get in touch with them.

Finally leave reviews of the company through google and other sites. For example if you buy from a third party on Amazon and leave a detailed review of how bad the product is, Amazon can contact you and give you a refund.