Directors remuneration and share issues

Directors remuneration and share issues

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Hi Guys

If a share issue has been recorded in an accounting system but the issue has not been filed/registered before the year end, does this need to be reversed in the year end financial statements?

Also, if the FD of a company is being paid through a separate entity of which he is a member by way of quarterly invoicing, should this be classified as directors remuneration?

Thanks for your help!

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By johngroganjga
19th Sep 2013 19:59

If the issue of shares has not taken place of course the accounts should not be prepared as if it has.

I think the correct answer to your second question is that it is not strictly speaking directors' remuneration but it should nevertheless be disclosed.

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By johngroganjga
19th Sep 2013 20:15

If you are unclear about when the shares were issued speak to whoever is responsible for filing the return of allotments at Companies House to find out what date of issue has been or will be recorded.

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Replying to lionofludesch:
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By Accountingforme
19th Sep 2013 20:28

I'm only a trainee by the way... And my manager is not around to ask at the moment!

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By johngroganjga
19th Sep 2013 21:04

Happy to help.

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