Filing with companies house

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MrButton replied

19 March 2019, 17:10
Your question indicates that you are not ready to do this yourself.

Worth getting an accountant for the first couple of years.
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Lamberton replied

19 March 2019, 14:02
Help

Thanks for all the advice
I just had the dividend in the wrong place?
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northernladuk replied

19 March 2019, 08:57
Originally posted by Lamberton View Post

I'm trying to do the accounts myself.
I have them sorted but for this one thing

Are you trying to do all your accounts yourself or just your filing?
Leave a comment:
Alchemy Accountancy replied

19 March 2019, 08:54
Originally posted by Lamberton View Post

Hi

I'm having trouble filing with companies house. My accounts are balanced but figures don't go into companies house online filing.
Figures are

Fixed assets 6,000

Current assets 17,332

Creditors falling within 12 mths 35,000

Net current assets 52,332

Total asserts less current liabilities 58,332

Reserves 58,332

So I'm balanced, but when I put in the creditors falling within 12mths of 35,000 it tells me it must be not positive?

If I put in a negative I'm unbalanced.

How do I sort and file the accounts

Net current assets are your current assets less your current liabilities, so based on these figures it would be negative - so too would be total assets less current liabilities. I'd suggest that you have missed something out of your calculations somewhere.
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NotAllThere replied

19 March 2019, 08:43
Nice explanation here:
Balance Sheet Explained - Maslins Accountants Maslins Accountants

I'm no accountant, but it looks like you've misunderstood creditors. Those are people you owe money to. Not people who owe money to you.

If you get it wrong, there are consequences. At least for the first annual return, I'd have an accountant either do it, or check it for you.
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malvolio replied

19 March 2019, 08:38
You owe creditors so the value is negative. It's your net balance that's wrong.
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Lamberton replied

19 March 2019, 08:35
Help

I'm trying to do the accounts myself.
I have them sorted but for this one thing
Leave a comment:
WTFH replied

19 March 2019, 04:52
Your accountant should be able to sort it for you in a few minutes
Leave a comment:
Lamberton started a topic Filing with companies house

18 March 2019, 21:52
Filing with companies house

Hi

I'm having trouble filing with companies house. My accounts are balanced but figures don't go into companies house online filing.
Figures are

Fixed assets 6,000

Current assets 17,332

Creditors falling within 12 mths 35,000

Net current assets 52,332

Total asserts less current liabilities 58,332

Reserves 58,332

So I'm balanced, but when I put in the creditors falling within 12mths of 35,000 it tells me it must be not positive?

If I put in a negative I'm unbalanced.

How do I sort and file the accounts
Tags: accounting and legal