Costs before Company Incorporation

Hi All,

I’m just trying to figure everything out in my head so I understand completely what is going on. I am planning on completing the majority of the daily accounts myself, and using an accountant where necessary.

So, I started spending on the start up of my business in March 2016, however i did not incorporate until June 2016, then became active in August 2016.

What I would like to know is how can I report start up costs (logged under the directors loan account) which occurred prior to the Incorporation date, thus are outside the 12 month reporting period?

Obviously, I want to pay back the negative balance in the directors loan account (thus back to myself) so i need to report these costs.
Any advice or links would be most welcome.

Thank you in advance.


You can log them using your incorporation date for company

That’s brilliant, thank you for the information.