URGENT HELP NEEDED FOR ENTREPRENEUR EXTENSION APPLICATION.

[zimba]

Your employees worked more than 104 full time weeks (it is nearly 25 months) You should have been given the points

[bizman]

If you argue your case very well, I think you have a good chance.

[marcnath]

It appears you have very good grounds for an AR success.
Especially the Job creation is straightforward.
Of course CW can make mistakes but this does seem surprising. And in other rejections, I have seem them give much more detailed breakdown of how the calculated the total hours.
Good luck with your AR

[mpking]

thankyou every one who so ever gave their valuable advice from there valuable times. am quiet confident about last 2 points now but still confused about 1st point that is investment.

now Marcnath, Zimba88 please tell me about the 1st point. in there explanation it says :

we are satisfied ur business balance sheet and profit and loss sheets which you supplied, for the year ended 05 april 2017, prepared by ---- accountancy are not the specified documents of audited and unaudited accounts required under paragraph 46-SD(a)(ii) of appendix A of imm rules.


FURTHERMORE
- When evidencing the investment
- The audited or unaudited accounts must show the investment in money made directly by the applicant, in his own name or his behalf( and showing his name )


we are satisfied your business balance and the profit and loss sheets you supplied for the year end apr 17 prepared by --- accountants do not show any investment you have made in your business.
thats why we couldnt award the points for this.


so now as about the investment it clearly shows in the balance sheet. under FIXED ASSETS the 1st clause is investment and shows 50000 in front of it. its on the letter head of accountant saying TO WHOM IT MAY CONCERN and then also says BALANCE SHEET FOR (MY FIRM NAME ) so shall i say that as its a self employed business and am the sole trader and even the bank letter clearly shows that Mr Mp is the only signatory of the account. and also compilation report by accountant clearly says that the investment has been made by me in the business.with my name and business name in the letter so as a sole trader and authorised signatory where am self employed its only me who made the direct or indirect investment in the business. so the points should be awarded to me.

is this okk ? does it make sense ? please all the gurus give ur valuable advice asap.
thanks in advance .

[marcnath]

thankyou every one who so ever gave their valuable advice from there valuable times. am quiet confident about last 2 points now but still confused about 1st point that is investment.

now Marcnath, Zimba88 please tell me about the 1st point. in there explanation it says :

we are satisfied ur business balance sheet and profit and loss sheets which you supplied, for the year ended 05 april 2017, prepared by ---- accountancy are not the specified documents of audited and unaudited accounts required under paragraph 46-SD(a)(ii) of appendix A of imm rules.


FURTHERMORE
- When evidencing the investment
- The audited or unaudited accounts must show the investment in money made directly by the applicant, in his own name or his behalf( and showing his name )


we are satisfied your business balance and the profit and loss sheets you supplied for the year end apr 17 prepared by --- accountants do not show any investment you have made in your business.
thats why we couldnt award the points for this.


so now as about the investment it clearly shows in the balance sheet. under FIXED ASSETS the 1st clause is investment and shows 50000 in front of it. its on the letter head of accountant saying TO WHOM IT MAY CONCERN and then also says BALANCE SHEET FOR (MY FIRM NAME ) so shall i say that as its a self employed business and am the sole trader and even the bank letter clearly shows that Mr Mp is the only signatory of the account. and also compilation report by accountant clearly says that the investment has been made by me in the business.with my name and business name in the letter so as a sole trader and authorised signatory where am self employed its only me who made the direct or indirect investment in the business. so the points should be awarded to me.

is this okk ? does it make sense ? please all the gurus give ur valuable advice asap.
thanks in advance .

There is something wrong here.
Your investment should turn up under liabilities, not assets.
What is in the liabilities section ?

[mohsensari]

In note page of your unaudited account should have like this wording :“The capital account represents the total amount of cash that has been invested into the business by the sole
proprietor, Mr.(your full name).
The total amounted invested in the business during the period amounted to £x.”

[mpking]

hi marcnath. its like this :

1st clause is
fixed assets :
investment
computer equipment
furniture and fixtures

current assets :
cash at bank
debtors

liabilities :
creditors

and then at the end total equity which is fixed assets - current assets - liabilities.
its made by accountant. how could there be such a big error ?

[mpking]

In note page of your unaudited account should have like this wording :“The capital account represents the total amount of cash that has been invested into the business by the sole
proprietor, Mr.(your full name).
The total amounted invested in the business during the period amounted to £x.”

thanks mohsensari
ok i understood but now as ur saying new documents cant be submitted then how can i prove this in these circumstances ? with the same documents submitted ?

[marcnath]

liabilities :
creditors

What is the amount under creditors ? Is there any explanation or description of what that amount is ?

[mpking]

no Marcnath theres no description or explanation .
and the amount is 4000.

[mohsensari]

Could you pleas answer these questions:
1) do you have business account? If yes have you transfer from personal account to business account?
I think it’s different than director loan which is need to show in liabilities section. As you have chosen the direct cash investment in application form, you need to show in your unaudited account ( not in separate letter) you have invested in your name.
2) does your unaudited shows your full name?

[marcnath]

no Marcnath theres no description or explanation .
and the amount is 4000.

I am not an accountant and not an expert on accounting self employed business but the basic principle should still hold. Your investment is not an asset to the business but a liability.
Also total assets should equal total liabilities. If you have 50k under assets (as investment) and liabilities is 4K there is something wrong.
Discuss with your accountant but unless there is some other good explanation it looks like the accounts are not drawn up properly

[mpking]

ok Marcnath i ll talk to accountant tomorrow . other than the quality of accounts is that ok if i say am a sole trader so its my investment anyway !!!

[mpking]

Could you pleas answer these questions:
1) do you have business account? If yes have you transfer from personal account to business account?
I think it’s different than director loan which is need to show in liabilities section. As you have chosen the direct cash investment in application form, you need to show in your unaudited account ( not in separate letter) you have invested in your name.
2) does your unaudited shows your full name?

yes Mohsensari i have a business account and i provided a letter as well saying my name and that am the only signatory of my account with my sort code and account number written underneath.
and no i showed it as direct investment so no transfer took place !!!
and no my unaudited account shows my firm name not my name. BUT THE accountant letter says my name my company's name and confirm the investment made by me and the compilation of accounts ..

[marcnath]

ok Marcnath i ll talk to accountant tomorrow . other than the quality of accounts is that ok if i say am a sole trader so its my investment anyway !!!

The reason stated by HO is that the accounts is that they don't believe the accounts meet the requirements. Here is an example of what a balance sheet could look like https://www.scribd.com/doc/45991902/Bal ... ole-trader.

The key thing is that, in your case, reference to Capital is missing and your investment is shown in the wrong place. I would really like to know what your accountant says because it looks like basic incompetence.

Unfortunately, HO requires documents to comply to the immigration rules, so you can try that argument in an AR but it is unlikely to be accepted.

Go for an AR anyway, but prepare yourself for a fresh application.