Hi
I have a question regarding transactions with directors on the submission to Companies House and also HMRC.
I used the online filing system to complete the accounts for the first time to submit accounts rather than posting for my company.
I used the function where i could submit to both HMRC and Companies House at the same time which was very useful.
The loan amounts were very small and paid back within a month the maximum was £2,513, so this was the most the balance ever was, the total loaned for the year was £8,513
The problem I have is that i went through the whole process waiting for the option to enter loan amounts made to directors and realised after submission that it was to late and i had missed the opportunity.
I believe for the Companies House submission as it was only abbreviated that I am fine as this is not a requirement to include, am I right?
With the HMRC though will i need to send an amendment to the notes listing each of the loans or just a total amount, if so how can it be done online or will a letter have to be sent or can it be left as is? as I did however on the CT600 complete that there was a loan made to a director in the period and paid off, would this be sufficient?
Thank you in advance for any help.