Reimbursing expenses of previous year

[mongle]

I dont think anyone would have been this daft, but there has to be a first!

Few months after filing the company accounts, i realise that i have not reimbursed any of the expenses paid for from personal account! I was new to this and did not get any pointer from the accountant either.. The directors account does not show a credit even though the money was not paid from the Ltd. Is there some kind of accounting entry that can be used to pay expenses of the past year or is it the case that the expenses cannot be paid now even if the past accounts show that they were paid..

Any advise is welcome.. Thanks.

[Jessica@WhiteFieldTax]

It ain't called double entry accounting for nothing...

1 - Either they are in the company p&l in which case there is a double entry in your favour somewhere; find it and claim it

Or

2 - they are not in the company p&l - or vat for that matter (but if you are not registered or FRS not a issue) in which case you can just bring them in to the year and in the unlikely case that Hector the Inspector queries it, just smile and say you made a mistake - not a lot tax man can object to.

HTH