As long as you can show that you injected min 200K into the business either via shares or Director's loan you are fine. When you receive dividends/bonus/salary from your profits, you already paid the taxes on it and that money is now yours. You can re-invest it back to your business, however obviously when you lend your company some money, you usually will get a tax free lump sum repayment from your profits (plus any interests) fro as your loan repayment instead of paying yourself benefits/salary which is taxable. The only thing that HO does not accept is when you pay yourself remuneration from your investment rather than from your profits.
Accounting period is a time interval in which the company books are balanced and the financial statements are prepared. When you run your company, you divide your business financial activity into intervals known as accounting periods (in most cases every 12 months) in which your company makes profit and pays its expenses. In this period, your keep track of what your company made or paid in a spreadsheet (
Bookkeeping).
After your accounting period ends, your accountant gets these records from you and prepares accounts and balance sheets, refers it for an audit if legally necessary and calculates whether your company is in profit or loss. It is a legal requirement for your accounts to be submitted to HMRC and Corporation taxes to be paid, within the deadlines of HMRC (usually 9 months after the period ends)
Read more here:
https://www.gov.uk/corporation-tax-accounting-period
Now If your accounting period is not over yet, you can ask your accountant to prepare a set of accounts up to a specific date just for the consideration of directors/shareholders or any interested third parties known as
Management Accounts These are preliminary accounts that reflect what the company has done up to that point.
Advice is given based on my personal research and experience only. Do NOT contact me via private message for immigration advice
