More website queries

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Dottie
Dottie Registered Posts: 99 Regular contributor ⭐
in General accounting discussion
Our client has a small recruitment agency ltd company. He also started a new company which was developing a CV website. Lots of money spent, but no income generated and now they have struck the second company off. He now wants to "sell" the website to the first company ie move the costs to the first company.

He did "loan" money to the company for the website from the original company and of course that loan has not been repaid.


Help!

Dottie

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  • Bluewednesday
    Bluewednesday Registered Posts: 1,624 Beyond epic contributor 🧙‍♂️
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    Did the website company have any other creditors or just the directors loan?
  • Dottie
    Dottie Registered Posts: 99 Regular contributor ⭐
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    Hi

    No other creditors, just the director's loan account.

    Sorry for the delay in replying.

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