Replies (17)
Please login or register to join the discussion.
First things first
Your amortisation is not on a straight line basis.
Actually, first things first should read: get an accountant (as already suggested to you) - why do you think you are entitled to free advice on how to prepare accounts/tax returns when everyone else has to pay?
A few points
Statutory accounts, not statuary accounts, unless what you are selling is statues. (in the summary on the main page)
This isn't a query. This is a data dump. Even if it was sensibly formatted, which it isn't, you are unlikely to get a sensible answer on the basis of this alone.
You have already been told several times to get an accountant. People aren't saying this just to be mean, you are clearly well out of your depth. You are not doing yourself any favours by continuing to ignore this and ploughing on. You are also not making any friends here by continuing to press for free help on this, especially when it is clear you are unlikely to be able to understand it anyway.
Best Advice
The best answer to the question "How is the correct way to put the numbers in the statuary accounts?" is to take the job to an accountant and stop trying to do your own.
You have some unusual aspects to your accounts and are completely out of your depth.
You think it's right ?
I had help last year from an accountant too. I think I am right that he put the write off for 10% straight line in Amortisation of other intangible assets: for 2011 it was £69. Where do you or someone else suggest it should be put?.
You think it's right ? Why does it go down every year, then ?
First things first
I am trying to understand where it should be put and also why. I want to learn more about this even if I am not an accountant.
The first thing is to get the numbers right.
Only then do you need to worry to put them.
Quite right
Amortization occurs when the value of an asset (usually an intangible asset) is reduced over a specific time period, which is usually over the asset's estimated useful life. A good way to think of this is to consider amortization to be the cost as the asset is consumed or used up while generating sales or profits for a company. Intangible assets can include a patent, trademark or trade name, or a copyright. Major inputs into the amortization process include useful life, residual value and the allocation method, the last of which can be on a straight-line basis that is mostly straightforward. http://www.investopedia.com/articles/investing/090213/explaining-amortiz...
Am I thinking wrong about this?
No. That's spot on. Though, actually, I was referring to the charge to p+l rather than the carrying value.
Unfortunately, the calculation of the amortisation doesn't agree with your stated policy of 10% straight line.
If you want to understand and learn more ...
... ask your accountant. If you don't have one, get one. Or sign up for a basic accountancy or bookkeeping course. What part of that advice is so difficult to understand? Carry on like this, and you'll just become a laughing stock.
Head ... meet brick wall
What you are describing is not straight line. For the sake of harmony on this site, please go and find an accountant to pester.