HOW TO READ A BALANCE SHEET (UK)

[@esco.letsgo]

Hi, how do you close a dormant company with 1 director & PSC that has never traded with late fillings fees under £500.00 (registered in 2021)

[@HeelanAssociates]

Consider www.gov.uk/strike-off-your-company-from-companies-register/apply-to-strike-off

[@nele5818]

So if I am looking at the micro company accounts and the very last number, capital and reserves, is in parentheses that means it is negative? I do not see other indications of numbers being negative but it is also not explained. Parentheses = Negative?

[@HeelanAssociates]

Usually yes, that’s correct with that figure in terms of parentheses = negative

[@LizR.763]

👏🏼👏🏼👏🏼👏🏼

[@HeelanAssociates]

Glad you enjoyed.

[@mmyas7339]

What about a bigger view of the examples and a voice over. The aim is to explain a balance sheet, after all.

[@HeelanAssociates]

Thanks for feedback