If I created my limited with a paid up capital of X GBP, do I actually need to transfer that amount to the company account from my personal account?
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You don't HAVE to. If you have issued paid up shares, but not actually paid for them, you will be treated as a debtor in your accounts. This can go on indefinitely. If you are the sort of person who likes to tie up loose ends, deposit the amount (£1??, £100??) into your business bank account.2012 CUK Reader Awards - '...Capital City Accountancy, all of whom were outside the top three yet still won compliments from CUK readers for their services' - well, its not an award, but we'll take it! - Best Accountant (for IT contractors) category
2011 CUK Reader Awards - Top 3 - Best Accountant (for IT contractors) category
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Ah. I see.
I think I'll tie up the loose end since it is a small amount anyway.
Thanks!Comment
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