CT600 HMRC Corporation Tax - X Error

[davidsmith66]

hi there - can anyone help with the errors i am getting when trying to fill out the HMRC CT600 form.

In short the trading for the year is as follows:

turnover = £10,859.00
cost of sales = £1,304.00
admin expenses = £10,288.00

loss for year = £733.00

cash at bank at year end = £733.00

paid up share capital = 2 x £1 shares


here is a list of screen grabs showing where i have inserted my figures:


if anyone can help - it is much appreciated as going round in circles at moment - thanks very much - david

[stek]

CT600 HMRC Corporation Tax - X Error

How can u have a loss and and cash at bank for same amount?

[VectraMan]

Is this the first year? Where's the money come from? If you've put your own money into the company, then you're a creditor, and you'd have to account for that. I think that's the second problem.

The first problem is one I've had, and you have to poke in the £2 somewhere.

[Clare@InTouch]

As above, you can't have a cash balance equal to your loss. Should it be a directors' loan of £731, which would then balance to your loss of £733 less shares of £2?

Do you not have a set of accounts with a balance sheet? I presume you've prepared them so you can file at Companies House too.......?

[LisaContractorUmbrella]

Do you have an accountant - if not I think you should get one

[zedAccounts]

Hopefully you are filling in the CT600 from a set of prepared accounts. If so it's pretty straightforward; if not pain follows.

ZED.

[Clare@InTouch]

Hopefully you are filling in the CT600 from a set of prepared accounts. If so it's pretty straightforward; if not pain follows.

ZED.

[Scruff]

Unfamiliarity with Double-Entry accounting system leads to much confusion.

Pay an accountant to do the accountant bit and pay yourself to do the earnings bit...