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CT1 form

  • 14-03-2012 8:28am
    #1
    pharmed
    Registered Users, Registered Users 2 Posts: 8 ✭


    I wonder if anyone could help me out.
    on a CT1 form what does "shareholders funds positive" and "shareholders funds negative" mean and how is it calculated?
    Any assistance would be greatly appreciated.


Comments

  • #2
    viztopia
    Closed Accounts Posts: 770 ✭✭✭viztopia


    It's from the balance sheet. Should be from the bottom half of it and is usually the reserves and share capital. You obviously don't have an accountant?


  • #3
    pharmed
    Registered Users, Registered Users 2 Posts: 8 ✭pharmed


    viztopia wrote: »
    It's from the balance sheet. Should be from the bottom half of it and is usually the reserves and share capital. You obviously don't have an accountant?

    thanks viztopia.
    I do have an accountant. I am just trying to get the forms filled out as much as possible myself and then let him look over them.
    I like to get to know my accounts and figures as much as possible.

    Does anyone have a more detailed explaination?


  • #4
    smcgiff
    Closed Accounts Posts: 5,943 ✭✭✭smcgiff


    pharmed wrote: »
    Does anyone have a more detailed explaination?

    Your accountant? :p

    You'll either have a positive or negative Shareholder funds position. i.e. you'll only fill in one box.

    If you've been making profits and/or invested enough money into the company you'll likely have positive SH funds.

    If you've been making more losses more than you've invested you'll have a negative SH funds position.

    That position will be known after the accounts are finalised and if you have an accountant it would be best left to him/her.

    By all means understand the form, but the accountant will take as much time checking your figures as to input themselves. Therefore I'm not sure you'll be making much of a saving/if any.


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