Carry loss from 2014-15 year end to 2015-16

[info3]

Hi there I’ve searched everywhere but can’t seem to find the information. I may be being very dense!
I have followed the year end details to close off my sole trader accounts for 2014-15 which showed a loss of £139.65 in the retained profit and undistributed reserves. But how do I carry this loss forward against the 2015-16 profits please?
Many thanks

[gardenman_2803]

As you may be aware, the year-end close automatically creates and posts journals to clear balances left in the nominal ledgers. The difference between the debits and credits leaves a retained profit (or loss) and this is posted to nominal 3101. Basically a debit balance on 3101 represents a profit and conversly a credit is a retained loss. If you view your balance sheet, you will see the amount sitting in 3101 at the bottom (in Capital & Reserves section). If you click the blue magnifying glass and explore the account itself, your stated loss should be visible.
Hope that assists and clarifies.

[info3]

Thanks for your reply. I’ve had another look and understand about the balance sheet now thank you so much!
Many thanks