Skip to main content

Year End Accounting
1 question
0 posts

Do you have questions about Year End Accounting?

Log in to ask questions about Year End Accounting publicly or anonymously.

This answer won 1,000 Koody Coins

Hi Emily,

You would prepare your accounts with a statement instead of the P/L stating that you had no transactions in the period.

You would still need to show a balance sheet which will probably show (assuming you incorporated with £1)


Debtors - £1


share capital - £1

I assume your business is a micro-entity (based on no transactions and presumably no employees)

This would mean your accounts should be prepared under the correct standard - I would check out this page (think they may have example accounts somewhere)

Hope this helps & good luck with the... (More)