Hi Gurus, Zimba and Macnath plz help me with this .
I have a confusion about Investment and expenses ( Admin expenses )
I have invested 50k in 2015 through D/l.
My company has been in profit since its incorporation .
Tax paid 2013-14 - £105 ( admin expenses £8000 approx.
2014-15 - £893 (expenses 15k)
2015-16 - £2840 (expenses 43k)
2016-17 - £6500 ( expenses 59 K)
I have clearly mentioned in covering letter that 50k invested funds are still avaliable in business account as company has been in profit since its incorporation and it can be seen in the latest accounts (2016/17) submitted
Along with the application , my accountant has also stated the same in the certificate of confirmation .
All the admin expenses are done from the profit of the company so nothing has been spent from 50K D/L.
Is that fine or was there any mandatory requirement to spent the invested funds ?
Your suggestions are highly appreciated .
Thanks in advance
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