However, in readiness for starting to trade later and in the next accounting period I have opened a small business bank account. But to receive free banking I needed to make a deposit from my own monies - I assume that this is classed as a loan to the company by myself.
However I cannot see how this can worked into the DCA form as I assume this sum (the money I have deposited in the business bank account) is to be shown in the box "Cash in Bank and in Hand". As the company (at initiation) only issued 1 share at £1 it really should only be showing money assets of £1 - have I got this right ?
Any help and advice would be greatly appreciated. Rgds., Roy