Where does pre-trading investment go on accounts?

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I paid (for example) £50 pre trading on a company address to handle my mail. Since trading I have loaned my company an amount of money. On the first day of trading I'm allowed to claim the £50 as an expense but I've obviously still paid the £50 itself. So do I decide how to treat that money (i.e. make it an extra loan) or is there a particular way it has to be done?

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By johngroganjga
25th Jan 2019 11:59

Your accountant will deal with this when the company’s first accounts come to be prepared - presumably in about a year’s time.

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RLI
By lionofludesch
25th Jan 2019 12:44

This is basic. You're going to struggle without accountancy advice.

I'd recommend appointing one without delay.

Ask yourself "what else don't I know ?" ©

And "what don't I know that I don't know I don't know ?" ©

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By accountingspreadsheets
25th Jan 2019 12:52

Thanks - I found a slighty more helpful answer here https://www.accountingweb.co.uk/any-answers/pre-start-up-costs which does as I expected confirm it is a loan. I just wanted to get it right.

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Replying to accountingspreadsheets:
RLI
By lionofludesch
25th Jan 2019 13:06

Sure.

Finding that answer doesn't mean that's the end of your problems though.

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By andy.partridge
25th Jan 2019 13:10

Jeepers, that sounds like a threat. Take a step back from the precipice.

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Replying to andy.partridge:
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By lionofludesch
25th Jan 2019 13:24

andy.partridge wrote:

Jeepers, that sounds like a threat.

Merely good advice, Andy.

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Replying to accountingspreadsheets:
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By andy.partridge
25th Jan 2019 13:09

Slightly? You're tough to please. Even some market research on company names thrown in for free.

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