Transferring the balance sheet from a sole trade on incorporation.

Could someone please share their treatment of this in the Limited company. 

For example, assume the sole trader balance sheet at cessation; shows VAT, fixed assets, bank accounts, and accruals, are these balances brought into the Limited company via the director's loan account even if they weren't generated by the Limited company?  




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Ken Howard |

My experience with a number

Sheepy306 |

trf on incorporation

Novakova |
Novakova's picture