Re: Setting up Limited company

On 12 Feb, 06:42, Troy Steadman <troystead...@xxxxxxxxxxx> wrote:
On 9 Feb, 01:05, Nick <nos...@xxxxxxxx> wrote:





Martin wrote:
"Charles Wright" <char...@xxxxxxxxxxxxx> wrote in message
news:3b93967d-48f0-4b76-bf74-f187ff503f1e@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Hi,

< snip >

- Is there any cost of filing annual accounts to Companies House via
WWW?

You'll find it's much quicker to pop a copy (full or abbrev.) in the post,
else you'll be re-keying loads of stuff.  For some reason, CH don't accept
pdf etc.

The obvious reason would be that they want the numbers in a standard
format.

It is only the abbrev. stuff that needs keying in and from memory it
doesn't take long.

Although I must admit I have never got to grip with rounding numbers in
accounts. The CH software insists upon it. I'm sure there is a
mathematical algorithm to frig the numbers but it just seems like a
waste of time. On my standard accounts I never bothered, I just rounded
for display rather than rounding for sub calculations.

Why they don't just include the pennies beats me.

Making people face up to the realities of rounding is a good thing.

You want the total to round back to the same total it was with pennies
in it - you don't want a profit of £1 to change to a loss of £2 for
example - but is it important also to round the elements?

 If you round the elements you get a different total :)

I see a lot of spreadsheets where people obviously don't use the
amounts on the invoices but just do a calculation for net and VAT.
They don't think of rounding even if they know how to do it.
.