Accountancy ForumsGot a question to ask?

Bit of advice to give?

Or something to offer?


HomeHomeGeneral ForumsGeneral ForumsGeneralGeneralTax return P&L cost allocationTax return P&L cost allocation
Previous
 
Next
New Post
14/09/2017 12:31
 
We qualify for micro accounts and I have submitted the balance sheet to companies house. I am half way through the HMRC tax return. 

My question relates to their classification of cost on their summarised P&L. 

They ask for the costs to be split between these categories (I have excluded depreciation as it does not apply). 
Box AC410 Cost of raw materials and consumables
Box AC415 Staff costs
Other charges
I can find any guidance on their website or FRS 105 on what should go in which box. Can anyone offer some guidance? 

My understanding is that Box AC415 is all about stock costs - we don't have stock as we provide consultancy.
We don't have any employees or salary costs as we use subcontractors for everything so should Box AC415 be empty too or should sub contractor labour go in there? 
So that will basically have everything going in Other charges. Does that sound right?

 
Previous
 
Next
HomeHomeGeneral ForumsGeneral ForumsGeneralGeneralTax return P&L cost allocationTax return P&L cost allocation


Latest

    About Us     Testimonials     Case Studies     FAQs     Contact Us    


Privacy StatementTerms Of Use • Copyright © 2011-2013 The Accountants Circle™. All Rights Reserved.