UK Transfer of Stock between LTD companies

[Cath]

Please can someone help and advise on the best way of showing in the YE accounts how to transfer stock from one ltd company to another. The two companies are owned by the same director

stock was purchased by company A and then when company B was incorporated, company A moved the stock over to company B for them to sell in their own right.

Any help would be appreciated

Cheers

 

[Fidget]

Are group accounts involved? In any case, company A should invoice company B for the cost of the stock, so it's basically a sale/purchase between the two companies.

If no invoice is raised, then it seems that the substance of the transaction is a loan from company A to company B for the value of the stock transferred.