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(BLANK LINE)
The company is reliant on the continuing financial support of its directors to enable it to settle its
debts as they fall due. The company has received no indication that this support will not be
available for the foreseeable future.
(BLANK LINE)
For the above reason, the directors believe that the company has sufficient resources to continue
in operational existence for the foreseeable future and that it is therefore appropriate to continue
to prepare the Financial Statements on a going concern basis.
<<< You will only get the STRGL if you enter info for c/y.
Transfer must be made from Rev Reserve to P&l a/c - The amount is the difference between
Cost*Dep rate less Valuation*Dep rate x 2 yrs
Please note that wages of xxxx are also included as a cost of sale in arriving at the gross profit
340,720
less: CT charge
42,417
298,303
50%
149,152
Surcharge
15% 2013
22,373
22,373
The bank overdraft is repayable on demand and incurs an annualised interest rate of 8.05% of the
daily overdrawn balance. (get details of interest from statements)
The bank loans are repayable by instalments over periods between five and ten years. The loans
incur interest at an annualised rate of 12%. The bank debts are secured by a fixed charge on the
companys land and buildings. (this sentence will be deleted if there is a bank security per bank
letter)
Taxes are subject to the terms of the relevant legislation. Interest accrues on late payment at the
relevant rates (currently 0.0219% and 0.0273% per day).
The obligations under finance leases and hire purchase agreements are typically repayable by
equal periodic instalments over terms of between three and five years.
The directors' current accounts are interest free and are repayable on demand.
The terms of the accruals vary.
The terms of other creditors vary.
!!! Please arrange the above notes in the same order as the related figures appear in the note itself
(adica in ordinea in care apar in Formatted Trial Balance/ Sit fin).
Cand ai asa ceva treci si nota cu deferred tax si calculezi 12.5% din pierderea pe care o
cari cu textul in galben (treci in fiecare an in care are pierdere).
Deferred Tax CT Provision (cat ai aici tb sa ai in contul din sit fin)
Tax note remember to include disclosure of deferred tax asset not recognised where there are
losses carried forward.
No charge to tax arises due to tax losses incurred.
The company has unutilised tax losses of XXX at the year end available for carry forward
against future profits.
A deferred tax asset has not been recognised in respect of the unutilised tax losses, which will
be recoverable against any future taxable profits. While the directors believe that the company
will return to profitability, they believe it is prudent not to recognise this asset due to the
uncertainty surrounding the timing and extent of this profitability. The amount of the asset not
recognised is ..
Include a Business Review in the Directors Report for Small Company (Reporting Parameters
=> Acc Options)
Post Balance Sheet Events: unde scrie period end sa schimbi cu year end (Directors report).
Period reprezinta orice perioada mai < de 1 an.
In Abridged Acc sa nu mai apara directors si alte info, detalii banca + solicitor.