submitting micro accounts to HMRC - help please

Question asked by Lisa Beech 8 years ago

Hi, I know technically this isn't a Clearbooks questions but I'm hoping someone can help me please.

We have a micro company and so I've done our year end in Clearbooks and now I'm using the P&L and BS to submit our details to HMRC via the 'File your company accounts and tax return'.

All was going well until I got to the end of the Balance Sheet page. I've entered all the relevant figures for our yr 2016/17 and it now wants me to enter the capital and reserves for the previous year, is this right? Surely they have all that info from the previous filed year. I thought ok perhaps they need the capital we had from the previous year but I just get this message:

There is a problem with the form Make sure 'Capital and reserves' (box AC490) for the period you're filing for matches 'Total net assets or (liabilities)' (box AC68) Make sure 'Capital and reserves' (box AC491) for the previous period matches 'Total net assets or (liabilities)' (box AC69) for the previous period

If anyone can help me or point me in the right direction I'd really appreciate it. Thanks for your help in advance

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Hi Lisa

The statutory accounts are a stand alone document containing this year's figures and comparative figures for the previous year and so the software expects you to replicate this, ie they won't take last year's numbers you entered as gospel for comparatives this year. Even if they could, sometimes errors arise after accounts are done and so you may need to change comparatives.

I don't use HMRC filing but, from what you say, they are looking for the year end numbers per "Net assets" and "Shareholders equity" in the CB balance sheet, which will agree with each other on each year's balance sheet, so just make sure that the balance sheet numbers you enter in the software mimic exactly the balance sheets in CB and, in particular these two balancing numbers.

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8 years ago

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