Following a change of accounting policy I have to account for a prior year adjustment in a 2007 set of accounts.
The accounting policy change affects the 2006 accounts but has no affect on the 2005 or earlier reported figures. I am happy with the disclosure requirments in respect of restating tha comparitives etc but I cannot work out what if anything should be reported on the STRGL as the cumulative effect is all ready shown in the accounts....(as I'm not restating the 2006 b/fwd figures).
Am I right that I do not need a STRGL's and can report the PYA via note and adjustment to the comparatives?
secondly do I need to submit a revised 2006 CT return once the accounts have been agreed. by the directors? Or do I adjust the 2007 CT return to take account of the PYA.
thanks
Anon