I started a Ltd Co earlier this year but prior to that I was working under an umbrella co.
I purchased equipment (laptop, disk drive, etc) before starting my Ltd Co and which are now used as part of generating income for that Co.
Can I include the purchase costs of these items as expenses on equipment under my Ltd Co or do I need to 'sell' these items to the business so it owns them as assets ?
I purchased equipment (laptop, disk drive, etc) before starting my Ltd Co and which are now used as part of generating income for that Co.
Can I include the purchase costs of these items as expenses on equipment under my Ltd Co or do I need to 'sell' these items to the business so it owns them as assets ?
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