Things like interest, bank charges, we're talking less than £20 a month. His Y/E is for 30 Sept 2017 but his bank account did not have a zero balance as at 1 Oct 2016.
My friend has made some bad business decisions and I'm trying to work through it (I expect to post more than one question on this to get to the bottom of it). He opened a bank account for an app development company but didn't really use it. Now he started a second company but used the same bank account (idiot!).
My question is... are HMRC going to give me grief for just inputting opening balances. The current business actually didn't start trading until November 2017 (two months after the Y/E date). I keep asking him for the original bank statement (the one that says ZERO) but his bank keeps neglecting to send these historic statements.
Unfortunately, his Y/E is due and I need to send it off to avoid fines. Any advice would be really appreciated!