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Accounts for last year + start date + signature

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dd156
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Accounts for last year + start date + signature

Post by dd156 » Thu Mar 03, 2016 3:00 pm

Is it ok to only submit last year of accounts? Or is it necessary to submit for all three years? The amount was invested over three years as shares and loan, so by the end of three years the balances are now adding upto £50000.Is it ok to sign the beginning page of accounts or balance sheet page has to also be signed?

Should I highlight entries on bank statement to make loan amount stand out?

Is any other document accepted other than P46/45 for start date?

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zimba
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Re: Accounts for last year + start date + signature

Post by zimba » Thu Mar 03, 2016 3:58 pm

dd156 wrote:Is it ok to only submit last year of accounts? Or is it necessary to submit for all three years? The amount was invested over three years as shares and loan, so by the end of three years the balances are now adding upto £50000.Is it ok to sign the beginning page of accounts or balance sheet page has to also be signed?
You should send all the accounts covering all the period in which you invested money. Accounts director's report and balance sheet must have your full name and signature.
Should I highlight entries on bank statement to make loan amount stand out?
Yes, absolutely
Is any other document accepted other than P46/45 for start date?
Yes, Real-time FPS submissions have information about the starters/leavers. According to immigration rules Appendix A paragraph 46-SD(h), you have to provide any of the following documents showing the start date of an employee:
evidence to show the applicant is reporting Pay As You Earn (PAYE ) income tax appropriately to HM Revenue & Customs (HMRC), such as printouts of Employee Payment Records, Real Time-Full Payment Submissions (either a series of individual monthly submissions including the first submission or summaries), or original HM Revenue & Customs P45 or P46, which either together or individually show the total payments made to the settled workers, as well as the tax deducted and date which they started work with the applicant’s business;
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

dd156
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Re: Accounts for last year + start date + signature

Post by dd156 » Fri Mar 04, 2016 12:47 am

Thank you very much for your reply. It looks like I will have to request my accountant to prepare the accounts again, as he has only put his company name on the front page of the accounts.

So that means that the accounts have to be signed in two places by director and accountant:
Once on the front page of the accounts, and once under balance sheet?
Does the profit and loss account page and account compilation report also need to be signed by both accountant and director?

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zimba
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Re: Accounts for last year + start date + signature

Post by zimba » Fri Mar 04, 2016 10:49 am

dd156 wrote:Thank you very much for your reply. It looks like I will have to request my accountant to prepare the accounts again, as he has only put his company name on the front page of the accounts.

So that means that the accounts have to be signed in two places by director and accountant:
Once on the front page of the accounts, and once under balance sheet?
Does the profit and loss account page and account compilation report also need to be signed by both accountant and director?
Mainly there are two places you must sign as the director, on the Director's report and on the balance sheet. Your accountant should sign the Compilation report page.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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Re: Accounts for last year + start date + signature

Post by business genius » Sun Mar 06, 2016 4:08 pm

Accounts prepration and directors report are standard set of documents that every accountant know.you have to sign the directors report and balance sheet along with your full name and date of approval of accounts.

dd156
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Re: Accounts for last year + start date + signature

Post by dd156 » Thu Mar 17, 2016 2:11 am

zimba88 wrote:
dd156 wrote:Thank you very much for your reply. It looks like I will have to request my accountant to prepare the accounts again, as he has only put his company name on the front page of the accounts.

So that means that the accounts have to be signed in two places by director and accountant:
Once on the front page of the accounts, and once under balance sheet?
Does the profit and loss account page and account compilation report also need to be signed by both accountant and director?
Mainly there are two places you must sign as the director, on the Director's report and on the balance sheet. Your accountant should sign the Compilation report page.
Thank you.
In the director's loan agreement, do I need to put the service address of the director (that Companies House has) or residential address?
Just wondering because the service address is the same as registered address.

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Re: Accounts for last year + start date + signature

Post by zimba » Thu Mar 17, 2016 10:19 am

dd156 wrote:Thank you.
In the director's loan agreement, do I need to put the service address of the director (that Companies House has) or residential address?
Just wondering because the service address is the same as registered address.
Registered address of the company is the one that has to be used for this purpose.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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Re: Accounts for last year + start date + signature

Post by dd156 » Thu Mar 17, 2016 2:41 pm

Hi Zimba
Yes, for the company I am using the registered address.
But for the other party, the director, should it be the Director's Service Address as given to Companies House (same as registered address in my case), or should it be the residential address?

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Re: Accounts for last year + start date + signature

Post by zimba » Thu Mar 17, 2016 3:11 pm

dd156 wrote:Hi Zimba
Yes, for the company I am using the registered address.
But for the other party, the director, should it be the Director's Service Address as given to Companies House (same as registered address in my case), or should it be the residential address?
Oh I see what you mean now. Yes, you usually put your own residential address under your name and the registered address of the company for the company.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice

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