Start up funding

I deposited £1200 in current account. this is company start up capital and covers 1200 shares at £1 . i have read some examples in forums and am confused by the director loan entries. from my understanding.
the current account reads a credit £1200 tagged ordinary shares. with note start up fund
the director loan account reads -£1200 paid up share capital.
is this correct

Entry will be
Dr bank 1200
Cr Share capital 1200
being recording paid-up share capital
no director account involved