Accounting - Share income for a terribly small company? Hi all, I own to hand surrounded by abbreviated accouts for my
I own to hand surrounded by abbreviated accouts for my very small company and I'm not sure in the order of the share capital bit.
I've get a total of authorised share capital of lb1,000 divided into 1,000 shares respectively worth lb1. Of this authorised share capital simply one share worth lb1 is issued (to myself). The rest of the capital is not issued. So, lower than Capital in the abbr. set off sheet (as downloaded from the net) I've got the following positions:
+called-up share wealth
+Share premium
+Revaluation reserve
+Capital redemption reserve
+PnL (done!)
= Shareholders' Funds
My company doesn't have any assets/liabilities. What do I overrun in for the funds?? Only the one share issued or all the income. If all the means, what balance sheet item will show the 999 shares?
Any facilitate greatly appreciated!
Many thanks!
D.
Answers: In the symmetry sheet you show the 'called up share capital' which is basically the compensated for shares in this overnight case lb1.
Under a separate note you show the two items seperately.
Authorised share property lb1,000
Allotted and fully paid share income lb1
Hope this helps.
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