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Is Profit/Loss statement mandatory for Limited Comp director

Posted: Mon Apr 07, 2014 7:11 pm
by Santui
Hello Forum members,

I have query regarding: is Profit/Loss statement mandatory for Limited Comp director when applying for ILR?

I am a salaried employee (IT contractor) operating through my own limited company, I am a director and 100% shareholder of the company.

My ILR is due in May-2014, therefore I am requesting my accountant to send the necessary documentation as early as possible.

My Earnings are: Salary + Dividends
Earning Period: 01/04/2013 - 31/03/2014

My earning period in last 12 months fall under 2 different financial years of the company (comp financial yr 01/09 - 31/08). After the end of last financial yr my accountant has sent me profit/loss report.

Do I need to request another profit/loss report for the last 7 months or 12 months? My accountant said that they will provide me interim account statement for the last 7 months, is that suffice? I am just confused how this can be sorted.

I can get 12 months salary slips, quarterly dividend vouchers, accountant letter, last 12 months invoice summary etc.

Many Thanks
Santu

Re: Is Profit/Loss statement mandatory for Limited Comp dire

Posted: Tue Apr 08, 2014 9:20 am
by visaapplier
Carry the P&L account for the last complete financial year ?

Carry the current contract letter, invoices and the business bank statements. No need to take the 7 month's financial statements.

Re: Is Profit/Loss statement mandatory for Limited Comp dire

Posted: Fri Apr 11, 2014 10:50 am
by etelsa
Hi All,

I am a company director too. I am not in a contract at the moment my contract ended MArch 29 2014. Luckily my financial year is almost the same as my company financial year. I am applying for ILR 30th of April.

Do I need to have a contract in order to apply for ILR SET(o)?

Best regards,

Samara