UK Micro-entity Balance Sheet Questions UK

Oct 2, 2023
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United Kingdom
Hello Forum,

We are about to file our first Micro-entity Balance Sheet with Companies House and figured we wanted to check with the 'pros' in this forum to ensure we are filing it correctly and not making any mistakes before submitting.

We have a tiny operation with only a few costs not yet started trading. The first table is the balance sheet from our accounting software, and below is what we have filled in so far in the Micro-entity Balance Sheet from Companies House.

Fixed Asstes0
Current assets
1200 Bank Account4,005.56
Total Assets4,005.56
Liabilities and Equity
Current liabilities
2202 VAT Liability-73.31
2301 Directors Loan Accounts (Director 1)387.3
2510 Expense Creditors74
2600 Long term Loans & Mortgages9,506.92
Retained earnings-5,889.35
Total Liabilities4,005.56

2023 - Micro-entity Balance Sheet from Companies House
Called up share capital not paid0
Fixed assets
Total fixed assets0
Current assets
Total current assets4006
Prepayments and accrued income0
Creditors: amounts falling due within one year-338
Net current assets (liabilities)3668
Total assets less current liabilities3668
Creditors: amounts falling due after more than one year-9507
Provisions for liabilities0
Accruals and deferred income0
Total net assets (liabilities)-5839
Capital and reserves
Capital and reserves-5889

FYI, Net Profit/Loss = -5,889

We are eternally grateful for your support!

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