Start up costs - Limited Company

Chris_Smith146Chris_Smith146 Posts: 1Registered

My friend has just started a limited company, but she purchased many of the things she needed to start the company up before registering the company at companies house. As the purchases are in theory before the limited company was formed, can they still be accounted for in the books (as assets/expenses)? She also purchased them form her personal bank account before setting up a business bank account - if this makes any difference also.

I am still a student at the moment, so am unqualified/unable to help her properly, but at least I could tell her the answer to this hopefully!

Chris Smith
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