Paying up the paid up capital

[Optimus Prime]

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?

[Greg@CapitalCity]

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.

[Optimus Prime]

Ah. I see.

I think I'll tie up the loose end since it is a small amount anyway.

Thanks!