Tier 1 Enterprenuer unaudited accounts / director loan

[irana2015]

Hello Everyone,

I have confusion in my unaudited first year accounts which i will try to explain in the following:

-- First year 2013- june 2014= showing creditor / net liabilites which is 8k
2nd year 2014-june2015=director loan section in my accounts stating 30,000
(this 30k is adding last year 8k as well but i have only the proof of 22k i invested in my 2nd year but my
2nd year account showing previous 8k plus 2nd year 22k=30k DL section)

--3rd management accoutn still need to be done by the end of april.(invested 41k)

My confusion is I have only the personal to business transaction proof from my 2nd and 3rd year where i invested 22k and 3rd year i invested 41k (will be covered by management accouts in april) and in toal i invsted 61k.

Anyone please suggest how should i match my transaction with the un-audited account

In summary 1st 8k in accounts= no proof
2nd year he created a section 30k= i invested 22k in this year (pers to business account)
3rd = i actually invested 41k

The conufusion is how to summarise the 3rd year management account to cover the missing 8k here- should we change the value of amount here to make 63k of all 3 three years so that it can match with the bank transaction.

Sorry for adding too much detail.

Many thanks
IR

[zimba]

Home office requires you to submit business bank statements showing the transactions for the money invested. If you have no proof an investment, then that investment will not be counted. If you claim that you invested X amount and only have the proof for Y amount, HO will accept only Y as your investment. as long as you have proof that you transferred 50K to your business, you should be fine.