Balance Sheet UK Explained (How to Read a Balance Sheet & Understanding Balance Sheet Terminology)

[@richardbalogh2433]

Great video. Thank you :)

[@marksmith2738]

Very nice explanation but one thing that would be super helpful that I have not found anywhere on KZbin is a walk through the Micro-entity Balance sheet that Companies House (UK) are looking for (I mean in particular the accounting information for someone who does not have or has not prepared a balance sheet to make reference to). I've tried matching up your explanations with their requests but find it quite confusing and difficult. Thanks

[@joefranklin4468]

Hi Mark, did you ever find something to help you here? I'm in the same position. Cheers

[@mikemurray9202]

So very helpful better than any seminar attended 💫💫💫thank you kindly

[@RebeccasFinanceTutorials]

Thanks Mike Murray x

[@mikemurray9202]

You’re more than welcome 🙏 and much much deserved 🫡

[@creativelemonmarketing539]

This has helped so much with R&D work I have to do for different organisations around competitor analysis - thank you!

[@RebeccasFinanceTutorials]

Thank you hun that's lovely I'm so glad it helped x

[@francisexperience]

Good presentation thank you

[@RebeccasFinanceTutorials]

You are most welcome 😊

[@GrandChamp1992]

Great video, just started the AAT level 2 and finding your videos very helpful!

[@RebeccasFinanceTutorials]

Aww thank you GrandChamp1992 :)

[@nigelleahy6190]

Super helpful, thank you! I have a question - what are the main signs on a balance sheet of a company doing well or doing badly? Thnx

[@RebeccasFinanceTutorials]

Hi Nigel it's not that simple unfortunately because while a company might have a lot of assets and cash sat on their balance sheet, they might not be using the funds they have to their advantage whereas a company who has a lot of debt might have a good protected npv in future following the investment of money into assets for use in the business. Its always worth looking at the companys projected figures where possible for further analysis x

[@nigelleahy6190]

@@RebeccasFinanceTutorials Thanks Rebecca. Don't suppose you've covered NPV in any of your vids?

[@ZacharyHillier-i5v]

So I'm filing my micro-entity accounts and as an owner I invested small sums throughout the period. From what I have learnt this falls under capital reserves. For the year the total is around £140, just paying for google workspace for the company. Yet at the end of the accounting period I am filing for, the company net assets (the money on the business bank account equalled £7. How can Net Assets possibly equal Capital and Reserves in this case as I've invested £140 for the monthly subscription yet the company only has £7 at the end of the period?

[@sallyw8383]

Hi Rebecca, firstly thank you so much for this no nonsense guide breaking down all the accounting jargon for us noobs!! I'm trying to file my own Micro Entity accounts and one thing I don't think was covered was something called "Provisions for liabilities" - can you explain what this means please?

[@RebeccasFinanceTutorials]

Hi hun thank you for your lovely comment x I'll break it down in another video because it can get quite complicated

[@delphiproductionsmusic]

great video!

[@RebeccasFinanceTutorials]

Thanks hun x

[@marksmith2738]

Is Called up share capital not paid an asset?

[@business-advice-that-works]

Are the amounts on a balance sheet listed in thousands, hundreds, or tens? Example, if the balance sheet reads 12,397, would that actually be 12,397,000 pounds? Or is every balance sheet different? If so, how can you tell what increments are being used?

[@RebeccasFinanceTutorials]

Hi Brian at the top of the balance sheet in each column it will state if this is £000 or simply £ for example which will give the rounding c

[@business-advice-that-works]

@@RebeccasFinanceTutorials thanks again! I thought so. I’m from the US so when I was looking at a balance sheet from London I was a little thrown off. Thanks again!

[@vaishalikajaria9475]

Hy please tell me what is p in the earning per share like 21p

[@Charlie-zu9wz]

excellent √ sent it to a client prior to a meeting and BOOM, they got it after trading for 20 years √

[@RebeccasFinanceTutorials]

That's lovely Charlie I am glad it helped here x

[@Amousawie]

There is an accountant, and then there is a business science strategist. But, you've got to walk first.

[@deething3648]

I'm so sorry for saying this but i think you are whispering, this is such a nice video. But, if you make your voice louder, i think it will be nice and can raised the view's 🙂

[@RebeccasFinanceTutorials]

Hi Dee thank you for your comment hun I will do my best to speak louder on future videos :)

[@-UmarKhan]

Raise the volume or clean out your ears