Cool Companies House Balance Sheet Explained

Assets and Investments 25302.

Companies house balance sheet explained. 0 The company didnt make any sales at all that year Creditors. Generally accounts must include. 316000 or less on its balance sheet.

Fixed Assets include machinery equipment buildings and also intellectual property rights such as patents and trademarks. The balance sheet the profit and loss statement and the cash flow statement. 10 employees or fewer.

Tom Stevenson investment director at Fidelity Worldwide Investment replies. 31 Contents of your companys accounts. 0 The company doesnt own anything at this point Total current assets.

To begin with heres an example of a short form or micro balance sheet you will find on Companies House website. It is a table showing a companys assets liabilities and shareholders equity on a particular day and their value. A financial statement includes the balance sheet the income statement profit and loss accounts the cash flow statement and notes to the financial statement which describes how figures in the balance sheet have been calculated.

It is the balance sheet that tells you about risk not profit and loss. 0 Only debt is the directors loan to me. The profit and loss shows what has happened over a certain period of time whilst the balance sheet is a snapshot of the.

Motor Vehicle Additions 2530167. The balance sheet provides information on a companys assets and liabilities at a given moment in time typically your companys year end. A turnover of 632000 or less.