Share this content

Purchase of window film through limited company

Purchasing Window Film through a limited company

Didn't find your answer?

Client is working from home via his close limited company and uses company funds to buy window film.  He trades as a computer software engineer and says it is to stop glare from the windows.  I am taking it at face value that this is right.  Am I correct to declare the purchase in plant and machinary?  Am I able to claim Annual Investment allowances or writing down allowances if I so choose? 

In a past year the client purchased a small amount of crypto through the ltd co.  I have not claimed any tax allowances on the purchase.  Am I suppoosed to revalue each year and pass the difference through the intagible fixed assets schedule?  If so, and there is an increase where do i journalise the corresponding credit entry? 

Finally, some of the computer hardware has both increased and reduced in price.  There is quite a large amount.  Do others try to match net asset value of the assets against market values in the fixed assets schedule with a revaluation each year?   If so, do the corresponding entries pass through revaluation reserves?

Replies (0)

Please login or register to join the discussion.

There are currently no replies, be the first to post a reply.

Share this content