Quick question re dividends/webfiling/companies house

imeldabye
imeldabye Registered Posts: 146 Dedicated contributor 🦉
edited June 18 in AAT member discussion
Hi all, can I ask something? Just web-filing abbreviated accounts on the CH site for the first time: have completed a full set of accounts, on the Balance Sheet do I incorporate the dividends figure into the P&L- ie reducing it? There is no "box" for dividends! thanks.

Comments

  • Monsoon
    Monsoon Registered Posts: 4,020 Beyond epic contributor 🧙‍♂️
    Yes, it's the net retained profits, i.e. last year b/f, plus this years profit, less dividends :)
  • imeldabye
    imeldabye Registered Posts: 146 Dedicated contributor 🦉
    thank you!:thumbup1:
  • reader
    reader Registered Posts: 1,029 Beyond epic contributor 🧙‍♂️
    I'm currently doing level 4 and at work only the managers and partners submit accounts to CH and HMRC using IRIS.

    Just out of interest how does CH submission work if you're not using IRIS, i.e. using something like VT.

    Thanks
  • Monsoon
    Monsoon Registered Posts: 4,020 Beyond epic contributor 🧙‍♂️
    VT is accounts software only.

    You combine it with tax software such as Ftax, BTC or TaxCalc.

    I've tried integrated software, but I much prefer 'best of breed.' the time saving comes when the bookkeeping is linked with the accounts production, not the accounts with the tax.

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