im a director and sole shareholder of my own limited company that trades as a record label
im also the sole trader of a recording studio
i run both from home a 1 room bedsit so office and bed is in same room
room is used for 14 hours as office a day and 10 hours for sleeping and eating.
the phone and computer and interent are soley used for business purposes as everything in my life revolves around the label and studio
the mobile phone and broad band lines are in my personal name at the moment but can be put in business name easily to accomodate any advice
what would be the the best way to takle the books?
what goes on the sole trader books and what goes on the limited company books and what proportation if not all of the costs can i claim?:
Mobile Phone contract
Pay as you Go mobile phone cost + top ups
Broadband line rental
Director start up costs
PS. i own a computer and recording studio equpment, what would be the pros and cons in selling them to the limited company in this scenario?