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Research and write business and teacher resources for High School pupils.

Research and write business and teacher resources for High School pupils.
Balance Sheet Note 5 Called up share capital
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Balance Sheet Note 5 Called up share capital

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Has now been expanded to cover both paid-up shares and unpaid shares. In most small companies that don’t pay dividends to share holders it’s easy. But with 100 £1 shares and only 2 paid-up. Means only 2% of profits can be paid out as dividends.
Profit and Loss Accounts
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Profit and Loss Accounts

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Examples, Questions and Answers supplied to help users understand when a Profit or Loss is made by a company. Also Note 1 for the Accounts relates to the Detailed Breakdown of expenses required to run the business.
Micro Entity Accounts Bundle
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Micro Entity Accounts Bundle

6 Resources
Micro Entity Accounts Analysis - explain the layout of the Accounts required by CompaniesHouse and HMRC. Profit and Loss Accounts - cover the first page of figures that show how the Profit or Loss has been worked out. Note 1 covers the Detailed Breakdown of company expenses. Balance Sheet Note 2 Tangible Assets Deprecation - explain how deprecation of Tangible Assets are worked out at the end of the companies trading period. Balance Sheet Notes 3 and 4 Debtors and Creditors - explain when the company incurs Debtors or Creditors and normally only reported if they 25% or more of the contract value or they have not been cleared when it’s the companies year end. Balance Sheet Note 5 Called up share capital - covers both paid and un-paid shares. Balance Sheet Note 6 Profit and Loss Account - this must balance with the figure in the Profit and Loss Account page.
Balance Sheet Note 2 Tangible Assets Deprecation
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Balance Sheet Note 2 Tangible Assets Deprecation

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Tangible Assets cover tools, computers and vans or cars used to run the business. HMRC specify the annual deprecation on each type of asset. With computers and phones it’s 25% per year. Examples of different assets are shown and how deprecation is applied to the end of the year valuse of an asset. Questions and Answers are also supplied.
Balance Sheet Notes 3 and 4 Debtors and Creditors
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Balance Sheet Notes 3 and 4 Debtors and Creditors

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Debtors are when a person or business owe your company money for work performed or for buying parts to complete a job. Creditors are when a person or business pays your company in advance for work to be performed or for buying parts to complete a job. When VAT is due to be refunded to your company after assets have been purchased.