Share this content

Hallmarking and IPO expenses

Treatment of such

Didn't find your answer?

Hi all

Very brief question(s).

Within a client's accounts (producing household products) we have two minor expenses:

£24 paid for Hallmarking

£70 paid to the Intel Prop Office for registration of designs protection

In your opinions, should this be treated as an asset or revenue expenditure?

Replies (9)

Please login or register to join the discussion.

avatar
By bernard michael
07th Oct 2020 09:07

I'll leave others to reply to this as can't really do the question justice for it's inconsequence

Thanks (0)
avatar
By paul.benny
07th Oct 2020 09:28

Would you capitalise a £24 spent on a wireless keyboard. Or £70 on printer?

Thanks (0)
Routemaster image
By tom123
07th Oct 2020 10:04

Expenses, legal & professional, for me.

Spend a few k and I might think about it.

But, generally, we favour expensing unless we really can't.

Thanks (0)
avatar
By Anonymous.
07th Oct 2020 13:16

Just in case ....

Quote:

Hallmarking and IPO expenses
Treatment of such

Hi all

Very brief question(s).

Within a client's accounts (producing household products) we have two minor expenses:

£24 paid for Hallmarking

£70 paid to the Intel Prop Office for registration of designs protection

In your opinions, should this be treated as an asset or revenue expenditure?

Thanks (0)
avatar
By Wanderer
07th Oct 2020 13:34

You mention 'client'.

If you really are in practice, and feel the need to ask such a question, well, quite frankly, you shouldn't be.

Thanks (1)
RLI
By lionofludesch
07th Oct 2020 18:43

How about capitalising it as an intangible and writing it off straight line over - say - ten minutes ?

Thanks (0)
avatar
By mariabob
07th Oct 2020 22:46

Definitely Legal & professional costs.

Thanks (0)
Slim
By Slim
08th Oct 2020 00:34

Call me sloppy but £94! Come on.

Thanks (0)
avatar
By Montrose
09th Oct 2020 17:23

HMRC have - during an enquiry into business accounts of business turning over £m's. - disallowed negligible cost of registering a crest with College of Heralds to use in the business

Thanks (0)
Share this content