I am reviewing last year's accounts produced for my small ltd company (second year trading). They are straight forward other than one thing - how directors loans are accounted for. (example with simple numbers):
DL ac credit end of yr 1: 1500
DL ac credit end of yr 2: 2500
i.e. on balance I loaned the company an additional £1000 in yr 2.
But in the micro entity balance sheet there is
Creditors: amounts falling due within one year (yr1): ( 1200 )
Creditors: amounts falling due within one year (yr2): ( 700)
these are the losses for those years
And then in the notes to the balance sheet in year 2 there is:
Balance outstanding at start of year: (1500)
Balance outstanding at end of year: (2500)
I am not sure why the Creditors falling due within one year does not have these figures in them?