HMRC CT600 X Error When Submitting Form

HMRC CT600 X Error When Submitting Form

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hi there - can anyone help with the errors i am getting when trying to fill out the HMRC CT600 form.
 
In short the trading for the year is as follows:
 
turnover = £10,859.00
cost of sales = £1,304.00
admin expenses = £10,288.00
 
loss for year = £733.00
 
cash at bank at year end = £733.00
 
paid up share capital = 2 x £1 shares
 
 
here is a list of screen grabs showing where i have inserted my figures:
 
 
if anyone can help - it is much appreciated as going round in circles at moment - thanks very much - david
 
 
 

Replies (7)

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By Exector
08th May 2013 16:08

Negative

Shouldn't your entry in box AC74 be -733.00?

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Euan's picture
By Euan MacLennan
08th May 2013 16:32

The cash balance in AC54 must be wrong

If you have paid £2 for the shares and made a loss of £733, there cannot be £733 of cash in the bank.  It is likely to be an overdraft or director's loan of £735, both of which would appear in AC58 as a Creditor due within 1 year.

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Replying to Ken Howard:
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By Robert K
08th May 2013 17:05

Higher Director loan?

Euan MacLennan wrote:

If you have paid £2 for the shares and made a loss of £733, there cannot be £733 of cash in the bank.  It is likely to be an overdraft or director's loan of £735, both of which would appear in AC58 as a Creditor due within 1 year.

Or a Directors loan account of £1,464 Credit if there is £733 in the bank. Or as this is a massive coincidence that the loss = the bank balance, a complete fabrication.

 

 

 

 

 

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By BigBadWolf
08th May 2013 16:38

Mistake

There is a mistake in your figures ... they don't add up -  get someone who is numerate to help you.

 

You made a loss of £733 but also have £733 left in your pocket?

 

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By Chris Smail
08th May 2013 16:42

Ask your accountant!

.

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By Robert K
08th May 2013 16:47

You can not have +£733  in

You can not have +£733  in the bank if you have made a loss unless there are missing creditors. The Balance sheet must have net current liabilities? The balance sheet does not balance but not exactly sure by how much? Is this a case of trying to make the figures fit but as you have no idea of double entry bookkeeping you have failed miserably?

 

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By johngroganjga
09th May 2013 08:47

Your obvious problem is that your balance sheet is clearly wrong.  That is what the HMRC system is quite rightly telling you.  If you are not capable of preparing a company's balance sheet on double entry principles you should get an accountant to do it for you.

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