Limited Company - Bank account not in Ltd Co name??
I have just taken over a client which is a Limited company and i have noticed that the bank account is in the Directors personal name (sole trader company) he set up the Ltd co back in 2002 and has never changed the account details. His previous accountant always showed this account on the balance sheet in the Ltd co accounts, is this okay to do?
If not how do i go about removing it from the accounts, it was overdrawn by £ 4,500 as at the end of the previous year would i transfer this over to DLA, and in this current year post all bank receipts and payments to DLA?
Thanks in advance