Free,company,directors,report, finance, share, loan Free company directors report for year end accounts
Date:2020-12-25 Free,company,directors,report, finance
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The company accounts year end reports to HMRC and Companies House are different for small private limited companies. Companies House accept abbreviated year end accounts including a profit statement and balance sheet with notes and statutory statements.HMRC receive the same year end documents plus the corporation tax calculation, CT600 corporation tax return. Also since HMRC require more detailed information to verify the net taxable profit they require more detailed expenditure analysis in the profit and loss account and also expect a limited company directors report with the year end accounts.Below is a typical limited company directors report to be included as part of the year end reports in the final year end accounts submitted to HMRC.COMPANY NAME LIMITEDDirectors' Report for the 12 months to year end accounts date.The directors submit their annual report and the financial accounts of the company for the 12 months ended year end accounts date.The principal activity of the company is principal activity.Business ReviewSales turnover in the year under review was £xxxx compared with £xxxx last year Sales turnover reflected the continued demand for the company's products and services. Trading margins ere xx.x compared with the previous year xx.x reflecting market conditions experienced during the financial year.Dividends DeclaredBased upon retained earnings and the current years' financial result the board of directors declared a dividend payment of £xxxx ensuring sufficient funds being retained for next year The total number of £1 ordinary shares issued at the end of the financial year was 2.Directors who were shareholders entitled to dividend payment in proportion to number of ordinary shares issued wereNumber of ordinary shares heldDirectors name xx shares held at year end accounts dateDirectors name xx shares held at year end accounts dateFinancial ControlThe directors acknowledge responsibility for the company's system of internal financial control and believe the established systems including the computerization of the company's financial accounts are appropriate to the business. No material losses or contingencies have arisen during the 12 months trading period that would require disclosure by the directors.Having formed an opinion at the time of approving these accounts it is the intention of the directors to continue to support the company financially, the profits earned and retained within the company being sufficient to ensure the company has adequate resources to continue existing trading policies and the directors have adopted a going concern basis in preparing the accounts.It is the view of the directors that the company accounts presented represent a true and fair view of the state of affairs of the company and result for the 12 months to year end accounts date. Suitable accounting policies have been established and applied consistently and disclose with reasonable accuracy the financial position of the company.Signed byDirectors signatureDirectorDate: date directors report signed
Free,company,directors,report,
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