Please can someone let me know why my accounts do not balance. These are real accounts. I have used SageOne to produce these accounts - but have been informed that they do not balance. I need help.
Registered number
redacted
redacted
Unaudited Accounts and Notes
for the year ending
30 June 2022
redacted
Report and accounts
Contents
Company information
Director's report
Accountants' report
Profit and loss account
Balance sheet
Statement of changes in equity
Notes to the accounts
- Company information
Director – redacted
Secretary – redacted
Accountants – SageOne Online
Registered Office –
redacted
- Directors Report
The director presents his report and accounts for the year ended 30 June 2022.
Principal activities
The company's principal activity during the year continued to be redacted services.
Directors
The following persons served as directors during the year:
redacted
Political donations
Third party indemnity provisions Employment of disabled persons
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 23 February 2022 and signed on its behalf.
redacted
Director
- Profit and Loss Account
Wild Smiles Ltd profit and loss account for the year ended 30 June 2022
|
Profit and Loss |
||
|
Year |
2022 |
2021 |
|
£ |
£ |
|
|
Turnover |
90853.94 |
113,047 |
|
Cost of Sales |
-£9,879.59 |
-13,245 |
|
Gross Profit |
80,974 |
99,802 |
|
Distribution costs |
- |
|
|
Administrative expenses |
-79501.02 |
-117,404 |
|
Other operating income |
- |
15,562 |
|
Operating loss |
1,473 |
-2,040 |
|
Profit on the disposal of tangible fixed assets |
- |
- |
|
Profit on the disposal of investments |
- |
- |
|
Gain on revaluation of investments |
- |
- |
|
Income from investments |
- |
- |
|
Interest receivable |
0.55 |
7 |
|
Interest payable |
- |
- |
|
Loss before taxation |
1,474 |
-2,033 |
|
Tax on loss |
- |
|
|
Loss for the financial year |
1,474 |
-2,033 |
|
Balance Sheet |
||||
|
01 Jul 2021 - 30 Jun 2022 |
||||
|
Date |
30/06/2022 |
2021 |
||
|
ASSETS |
||||
|
Fixed Assets |
£52,087 |
|||
|
0010 - Property - Cost |
3,299.71 |
|||
|
0020 - Plant and Machinery - Cost |
11,842.25 |
|||
|
0030 - Office equipment and IT - Cost |
2,110.97 |
|||
|
0040 - Fixtures and fittings - Cost |
209.93 |
|||
|
Total Fixed Assets |
£17,462.86 |
£52,087 |
||
|
Current Assets |
|
|||
|
1200 - Wild Smiles Dental Practice |
3,011.33 |
£11,594 |
||
|
1220 - Wild Smiles Dental Practice Savings |
3,999.23 |
£989 |
||
|
Creditors: amounts falling due in 1 year |
-43,970.00 |
|||
|
-40,965.21 |
Total Current Assets |
£7,010.56 |
-£31,387 |
|
|
TOTAL ASSETS |
£24,473.42 |
£20,700 |
||
|
LIABILITIES |
||||
|
Current Liabilities |
||||
|
2210 - PAYE to pay to HMRC |
-48,416.70 |
|||
|
2220 - NIC to pay to HMRC |
-657.44 |
|||
|
2230 - Student Loan |
-1 |
|||
|
2250 - Net Wages |
-785.57 |
|||
|
2260 - Pension |
1,078.89 |
|||
|
2301 - Directors Loan Accounts (Director 1) |
-17,414.95 |
|||
|
2551 - Recovery Loan - Current Liability |
23,668.99 |
|||
|
10000 - Loan |
-2,218.35 |
|||
|
Total Current Liabilities |
-£44,746.13 |
|||
|
Future Liabilities - falling due after >1 year |
-£25,000 |
|||
|
Total Future Liabilities |
-£22,781.65 |
|||
|
TOTAL LIABILITIES |
-£44,746.13 |
-£4,300 |
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies’ regime. The profit and loss account has not been delivered to the Registrar of Companies.
Balance Sheet Statement
Audit exemption statement
For the year ending 1 July 2021 to 30 June 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Small Companies Statement
As per the definition of a ‘small’ company on Companies house website, Wild Smiles Dental practice is deemed to be small company because it meets all of the following criteria:
- a turnover of £10.2 million or less
- £5.1 million or less on its balance sheet
- 50 employees or less
- Accounting Policies
Basis of preparation
The account have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as aaplied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible Fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
- Exceptional Items
|
2022 £ |
2021 £ |
|
|
|
- Employees
Average number of persons employed by the company:
|
2022 |
2021 |
|
3 |
4 |
- Intangible fixed assets £
Goodwill:
Cost
At 1 July 2021 -
Additions -
Disposals -
At 30 June 2022 -
Amortisation
At 1 July 2021 -
Provided during the year -
On disposals -
At 30 June 2022 -
Net book value
At 30 June 2022 -
At 30 June 2021 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years
Total Purchases in the year – Creditors
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Please can someone let me know why my accounts do not balance. These are real accounts. I have used SageOne to produce these accounts - but have been informed that they do not balance. I need help.
Registered number
redacted
redacted
Unaudited Accounts and Notes
for the year ending
30 June 2022
redacted
Report and accounts
Contents
Company information
Director's report
Accountants' report
Profit and loss account
Balance sheet
Statement of changes in equity
Notes to the accounts
Company information
Director – redacted
Secretary – redacted
Accountants – SageOne Online
Registered Office –
redacted
Directors Report
The director presents his report and accounts for the year ended 30 June 2022.
Principal activities
The company's principal activity during the year continued to be redacted services.
Directors
The following persons served as directors during the year:
redacted
Political donations
Third party indemnity provisions Employment of disabled persons
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 23 February 2022 and signed on its behalf.
redacted
Director
Profit and Loss Account
Wild Smiles Ltd profit and loss account for the year ended 30 June 2022
Profit and Loss
Year
2022
2021
£
£
Turnover
90853.94
113,047
Cost of Sales
-£9,879.59
-13,245
Gross Profit
80,974
99,802
Distribution costs
-
Administrative expenses
-79501.02
-117,404
Other operating income
-
15,562
Operating loss
1,473
-2,040
Profit on the disposal of tangible fixed assets
-
-
Profit on the disposal of investments
-
-
Gain on revaluation of investments
-
-
Income from investments
-
-
Interest receivable
0.55
7
Interest payable
-
-
Loss before taxation
1,474
-2,033
Tax on loss
-
Loss for the financial year
1,474
-2,033
Balance Sheet
01 Jul 2021 - 30 Jun 2022
Date
30/06/2022
2021
ASSETS
Fixed Assets
£52,087
0010 - Property - Cost
3,299.71
0020 - Plant and Machinery - Cost
11,842.25
0030 - Office equipment and IT - Cost
2,110.97
0040 - Fixtures and fittings - Cost
209.93
Total Fixed Assets
£17,462.86
£52,087
Current Assets
1200 - Wild Smiles Dental Practice
3,011.33
£11,594
1220 - Wild Smiles Dental Practice Savings
3,999.23
£989
Creditors: amounts falling due in 1 year
-43,970.00
-40,965.21
Total Current Assets
£7,010.56
-£31,387
TOTAL ASSETS
£24,473.42
£20,700
LIABILITIES
Current Liabilities
2210 - PAYE to pay to HMRC
-48,416.70
2220 - NIC to pay to HMRC
-657.44
2230 - Student Loan
-1
2250 - Net Wages
-785.57
2260 - Pension
1,078.89
2301 - Directors Loan Accounts (Director 1)
-17,414.95
2551 - Recovery Loan - Current Liability
23,668.99
10000 - Loan
-2,218.35
Total Current Liabilities
-£44,746.13
Future Liabilities - falling due after >1 year
-£25,000
Total Future Liabilities
-£22,781.65
TOTAL LIABILITIES
-£44,746.13
-£4,300
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies’ regime. The profit and loss account has not been delivered to the Registrar of Companies.
Balance Sheet Statement
Audit exemption statement
For the year ending 1 July 2021 to 30 June 2022, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime.
Small Companies Statement
As per the definition of a ‘small’ company on Companies house website, Wild Smiles Dental practice is deemed to be small company because it meets all of the following criteria:
a turnover of £10.2 million or less£5.1 million or less on its balance sheet50 employees or less
Accounting Policies
Basis of preparation
The account have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as aaplied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible Fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Leasehold land and buildings over the lease term
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
Exceptional Items
2022
£
2021
£
Employees
Average number of persons employed by the company:
2022
2021
3
4
Intangible fixed assets £
Goodwill:
Cost
At 1 July 2021 -
Additions -
Disposals -
At 30 June 2022 -
Amortisation
At 1 July 2021 -
Provided during the year -
On disposals -
At 30 June 2022 -
Net book value
At 30 June 2022 -
At 30 June 2021 -
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years
Total Purchases in the year – Creditors
Just because
You don’t want to pay an Accountant?
Yet you expect an Accountant to help you for free?
So you do dental implants for free?
Can't imagine why ...
1. You thought it relevant to paste a copy of all the pages without figures?
2. You redacted so many things, but not the name of your incorporated company?
3. You imagine why a professional would spend time doing chargeable work for free?
4. You don't have an accountant (or, if you do, why you're asking on a public forum)?
BTW there are some strange figures in there which it is *possible* might be correct.
Where are your share capital and reserves in the balance sheet is the obvious first question? (Depreciation is another that looks missed / b/fwd accumulated not listed but doubt it impacts balancing)
But there could be a lot of other errors, and even if everything balances it does not mean all the figures and the profit or loss is correct.
Step one- Print out a trial balance, does it balance, if so tick to accounts the TB entries to see what is omitted.
Step two= Irrespective of finding any differences your accounts presentation is ghastly, some entries are in the wrong places and some should certainly not be displayed within the balance sheet (maybe in the notes), they look from an accounts perspective similar to how I suspect a tooth polish with an angle grinder looks.
I do not fix my own teeth with superglue and you really ought to get someone qualified to gives your accounting system and accounts an annual checkup, these accounts really look horrible.
I diagnose osteonecrosis, but it could be minor gingivitis.
Why? Does it matter which to you?
All
DO NOT REPLY BACK TO MY POST I DO NOT WANT PEOPLE LIKE YOU TO HELP.
I HAVE ASKED FOR MY ACCOUNT TO BE DELETED FROM THIS FORUM AS ALREADY I AM RECEIVING BULLYING EMAILS.
I DID HAVE AN ACCOUNTANT BUT HE TOOK ADVANTAGE AND PLACED US IN THE '[***]' WITH THE TAX WHICH I HAD TO SORT OUT MYSELF. I HAVE SUBSEQUENTLY DISMISSED HIM.
I WOULD HAVE THOUGHT YOU WOULD JUMP AT THE CHANCE OF MORE BUSINESS FOR YOURSELVES, BUT RATHER THAN PROMOTING YOUR BUSINESS SERVICES YOU THOUGHT TO TROUNCE ME THROUGH YOUR TROLLING BULLYING MESSAGES.
DO NOT RESPOND TO MY POST I DO NOT WISH YOUR HELP.
THANKS
You didn’t ask for an Accountant to quote you though did you?!!!!! No, you expected an answer for free.
I can guarantee that you have sorted your tax wrong, at least one glaring error in your accounts gives that away.
Be very careful getting your accounts and tax wrong, you are opening yourself up to huge fines and penalties when HMRC catch up with you.
DIY your own accounts is frankly just as stupid as diy dentistry.
"AS ALREADY I AM RECEIVING BULLYING EMAILS"
... sounds extremely unlikely:
a) that's not the style of member's here; and
b) no-one knows your email address.
This has to be a (very poor) wind-up?
"AS ALREADY I AM RECEIVING BULLYING EMAILS"
... sounds extremely unlikely:
a) that's not the style of member's here; and
b) no-one knows your email address.This has to be a (very poor) wind-up?
Probably mixing up messages for emails not that I agree they can be described as bullying messages.
If you had perhaps been clearer on the back story, you may have had more understanding responses and/ or offers to help.
My first read of this post earlier this afternoon was that an accountant/ bookkeeper (hiring themselves out to the unsuspecting public) had made a complete hash of the accounts and wanted free help to put it right (so they could charge said client)! This happens regularly.
The second read was that this was someone who had no intention of paying for advice, expecting free advice and correction. This happens even more regularly.
Yours is a third case where you have had a bad experience with an accountant... in which case, the answer is clearly to get another (better) one. You are looking for an accountant to engage in return for paid consideration. Rather rare in these parts. However, you never stated this in your OP.
I am sure you understand that in cases 1 and 2 the responses you have received are (somewhat) justified. As I say, had you provided the back story, case 3 would have been clear.
Alas, we are where we are. A lack of information (provided by you) has led to assumptions being made about you and your intentions (e.g. case 1 & 2)
To answer your query, an accountant needs much more information (transaction lists, evidence, previous year schedules etc.), would need to carry out AML checks, and would need a formal engagement. None of this can be provided here.
You really need to find a new accountant before filing the accounts (which seem to be late) and CT Return. There seem to be many errors in what is provided above (most figures are odd) which could never be addressed in an open forum.
Finally, AWeb is not a freelancing site, or a job board and should not be used as an alternative to (paid for) professional advice.
Good luck
A) no ones messaged you to bully you. That I can be sure.
B) I doubt your accountant put you in the **** with the tax. Truth is he prob told you what the tax result is, you didn't like it and left.
C) None of us were born yesterday
D) most basic principle of balancing accounts is to at the very least round down or up the entries...
I admire the effort in doing these yourself but I really would appoint an accountant asap.
You need a proper accountant
One that is qualified
Try asking other dentists in Harrow who they use and have used for at least 5 years.
I recon that a decent accountant will be a lot more expensive than the person you used before
Page 7 of your accounts as filed does not add up. Share capital is not in the addition of shareholders funds
Most people file micro accounts, no notes and no profit and loss and no directors report
I am going off for a week today, but feel free to PM me and I will reply in a week's time
Be aware even when you refile, the accounts you submitted will still remain on companies house forever
Search a few dentist accounts on companies house and see what they do
The accounts of Wild Smiles Ltd for the year to 30 June 2022 can be seen on the Companies House website. The company name is shown above on the balance sheet in the names of the bank accounts presumably.
sswsdp should go to an accountant to get their help in producing accounts which make more sense than they currently do.
The balance sheet doesn't add up. The shareholders funds do appear on the accounts on the Companies House site copy but are shown as 1,473 which is the profit shown for the year rather than the accumulated profits/losses. The fixed assets seem to be shown at cost rather than net of depreciation. The notes to the accounts refer to intangible fixed assets at nil but no mention of the actual tangible fixed assets.
It's clear as to why Companies House have rejected them as not balancing. However other than advising sswsdp to get the help of an accountant I can't provide an answer.
Is the OP somebody pretending to be the director/dentist? Somebody like that bookkeeper from Derby, for example, whose modus operandi during lockdown was to impersonate real people. I just don't buy that this is genuine - delusional dentist, CRAZY CAPITAL LETTERS, DIY accounts. The NHS are crying out for dentists - the cost of a set of accounts should be pocket money!
I've had some strange wind-up enquiries recently: someone wanting help completing a UK tax exemption application because her proposed employer is American; another wanting 3 months' payroll whose emails purport not to have heard back from us and why on earth don't we reply! I'm even doubting someone who's currently being engaged - not least because he carries on negotiating long after the deal has been struck, annoyingly shifting the goalposts (I think I'll do payroll myself; I'll do my own div paperwork; I'm sure you offered me a free tax review etc etc). I see there's an email over the weekend asking when he can expect his f*****g welcome pack! It has to be a wind-up!
Strangely Companies House have accepted and filed these accounts. Why do we bother to prepare accurate accounts when any old rubbish appears to be acceptable??
Strangely Companies House have accepted and filed these accounts. Why do we bother to prepare accurate accounts when any old rubbish appears to be acceptable??
As noted below, I think they're spotted their error. I can open the 2021 pdf but not 2022.
bernard michael wrote:
Strangely Companies House have accepted and filed these accounts. Why do we bother to prepare accurate accounts when any old rubbish appears to be acceptable??
As noted below, I think they're spotted their error. I can open the 2021 pdf but not 2022.
Odd - I'm looking at them now having rebooted following your comment
I can't see these accounts on the CH websire, which suggests to be that they've been taken down.
Highlights for me are, inter alia ...
1. That well-known firm of accountants SageOne Online
2. The wealth of arithmetical errors which a seven year old could have spotted.
3. Some entries rounded, some not.
4. Boiler plate accounting policies for things the company doesn't have.
5. Notes explaining things the company doesn't have.
6. Profit described as "Loss".
I can't understand why folk don't admit that they're way out of their depth and prefer to drown.
To save everyone else looking. The reason they don't balance is that your Balance Sheet Reserves are incorrect.You made a profit in the 2022 year of £1473. The previous year you had negative reserves of £4300 (probably also incorrect), which meant that the negative reserves for 2022 should have been £2827 (£4300 less £1473)
Here endeth this free lesson