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Company accounts,does anyone know how to read them?
Can anyone help me read these Limited company accounts?
The company has a turnover of around 6.5 million a year with profits of over a million since 2009.
As you can see 2013 £1,191,196
2014 £1,322,164
Are these profits after everything has been paid(running costs etc)?
The shareholders funds have only risen 2013-2014 by £126,968,does this mean the rest of the profit will have been paid in dividends to the directors? Or am I reading this wrong?
Below is what I think is the important part/document of the account returns.
Is there not more to the report ?? My own Ltd company files a similar layout of report, my accountant takes care of it, and the pages after the one you show detail the dividends paid to the director(s)
The report I have for that year is only 8 pages as are a few of the previous years,they don't show any dividends paid so I can only assume non were paid.
I think 2010 or 2009 is a 25 page document which does show dividends paid of around £35k.
One of the kind members on here has made more sense of if for me so I'm a lot clearer than I was.
I was thinking that the profit for each year was the profit for that year,but the profit figure is carried over.
It's all a LOT more complicated than I first thought but things make a little more sense now.
21 October 2016, 01:18 PM
Company accounts,does anyone know how to read them?
