Hello Experts
I have a UK limited company. At the time of incorporation I have choosen dummy 1000 shares of 1 GBP each having only one shareholder. Due to some circumstances I have traded in Euro. Now I want to file my first accounts with companies house.My questions go below.
1. Did I traded illegally or in-compliant with UK's business legislation?
2. If not, may I go ahead and change the currency of my company's shares before filing my accounts?
3. If I change the currency of shares to Euro, am I supposed to file existing accounts in GBP?
Please note that all bills I have paid for my business are issued in Euro.
Thanks for your advice in advance.
Regards.
I have a UK limited company. At the time of incorporation I have choosen dummy 1000 shares of 1 GBP each having only one shareholder. Due to some circumstances I have traded in Euro. Now I want to file my first accounts with companies house.My questions go below.
1. Did I traded illegally or in-compliant with UK's business legislation?
2. If not, may I go ahead and change the currency of my company's shares before filing my accounts?
3. If I change the currency of shares to Euro, am I supposed to file existing accounts in GBP?
Please note that all bills I have paid for my business are issued in Euro.
Thanks for your advice in advance.
Regards.