Interpreting Balance Sheet P&L a/c

Interpreting Balance Sheet P&L a/c

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I have splashed out £1 each and downloaded a couple of small companies' Abbreviated Accounts from Companies House website. They show only Abbreviated Balance Sheets. Does the difference in each P&L account represent a trading loss in 2008 as per the deficit figures shown, or could they include any dividend and tax payments? I'd like to know the 2008 pre-tax and pre-dividend profit/loss of each company, as would be shown on the missing Profit and Loss/Trading account.

Company A - BS P&L account:
2007 £16,500
2008 £1,400
Difference: £15,100 deficit

Company B - BS P&L account:
2007 (£49,000)
2008 (£53,000)
Difference: £4,000 deficit

Many thanks for any help.

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By paulwakefield1
29th Jul 2009 14:02

Includes all movements on Profit & loss
The P&L balances will include all movements on the Profit and loss account and any appropriations. So tax and dividends will be included in the figures. Company B would not appear to be able to pay a dividend legally (as it has a deficit) so is unlikely (but not certain) to have any movement arising from that. Both companies could have tax movements in either direction.

Assuming no information beyond the minimum abbreviated disclosure has been included, you will not be able to get to the trading result.

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By bennieboy
01st Aug 2009 12:22

Many thanks.

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