Writing off / depreciation of stolen assets

[serializable]

What is the legal/official position when the ltd buys an asset (such as a bicycle) for the employee to use for transport to various customers' offices and the bike is stolen? Can the asset be written off? What is the procedure? Does it have any further implications?

Thanks

[LondonManc]

You'll need a crime number I'd imagine to prove that it's stolen rather than simply sold in an off-the-books deal. Is it worth an insurance claim?

[serializable]

You'll need a crime number I'd imagine to prove that it's stolen rather than simply sold in an off-the-books deal. Is it worth an insurance claim?

Of course, I've got the crime number and the police reference number.
Sadly it wasn't insured ... I prefer to take the risks myself. Most times it works in my favour ... this time id didn't.

[northernladuk]

I'll give you 20 quid for it. Meet you on the top floor of the multistorey car park at midnight.

[SlipTheJab]

I'll give you 20 quid for it. Meet you on the top floor of the multistorey car park at midnight.

Why bother with cash, just swap a couple of the thousands of pounds of Amazon referral vouchers you're sitting on for it

[northernladuk]

Why bother with cash, just swap a couple of the thousands of pounds of Amazon referral vouchers you're sitting on for it

You are asking the wrong people. It's MS and TF you need to be asking that. My two referrals don't add up anything like that.

[MrMarkyMark]

What is the legal/official position when the ltd buys an asset (such as a bicycle) for the employee to use for transport to various customers' offices and the bike is stolen? Can the asset be written off? What is the procedure? Does it have any further implications?

Thanks

Yes, you will be on foot from now on