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Vuhelper
05-10-2011, 03:54 PM
http://longforsuccess.com/wordpress/wp-content/uploads/2011/04/helpkey.jpgA Ltd company is set up with 100 shares @ £1 each (paid up)
The company buys a van for £800 (owner puts the van into the company)
Company trades for a year, small 8K turnover with a profit of zero after wages and expenses
Van depreciation £200 during yr, net book value £600
One fixed asset (the van £600)
No current assets
No loans or liabilities