Share Capital in a new company

Posted by Glasgow Girl PM | on Thu, 17/05/2012 - 09:57 2821 9 comments | report

We have a small limited company that started this year and I am trying to pull together the YE stats. It turns out that although 600 shares issued (split between 2 directors) no funds changed hands so not paid up. Should I journal all 600 to directors loans (then negative) or what is the minimum I need to account for in accounts? Please help.

Comments

There are 9 comments. Login or register to view them.

Book to directors loan account

charlb | Thu, 17/05/2012 - 10:22

but is it a director's liability?

Hansa | Thu, 17/05/2012 - 12:20

The minimum amount of paid up share capital...

Steve Kesby | Thu, 17/05/2012 - 11:47

Correct!

liam@adplus | Thu, 17/05/2012 - 13:45

Thanks

Glasgow Girl | Thu, 17/05/2012 - 14:21

Shares Unpaid

Glasgow Girl | Thu, 17/05/2012 - 14:22

Disclosure?

charlb | Fri, 18/05/2012 - 08:17

Substance v Form

Steve Kesby | Fri, 18/05/2012 - 11:17

Can I just clarify my understanding too then?

Anthony.Evans82 | Mon, 09/07/2012 - 08:00