I have recenetly parted with my accountant, due to his handling of my accounts ( mixing up expenses and assets?! ). It hasn't been at best time with lockdown and stuff but I have attemped to put in limited company accounts myself and after which I will find accountant, I'm of a analog age so would rather meet someone face-to-face first to get a feel of them.
My question is: I have a loss from last year of 3,000 and a profit this year of 2,000. If my knowledge is correct I handle it this way on balance sheet and profit and loss:
P+L will read £1,000 loss.
Which I will then put over to the blance sheet under capital and reserves as :
I don't have any owners equality or anything so this is the only figure it will read.
And next year I shall be able to take this 1k over and set aganist profits.
Thank you or any guidance.