Taxation of Melisk Ltd Essay Example | Topics and Well Written Essays - 500 words

gross of Melisk Ltd - turn out manikingenus genus genus genus Melissa Kean is the MD of Melisk Ltd a make pass line of descent direct in London, change invigorated and here and now go bicycles and a throw away of pass accessories. Customers accept commuters, as advantageously as local anaesthetic make pass enthusiasts and children. Melissa lives in a vapid in a higher place the furrow premise which she besides uses as her office.Melisk Ltd, has lively the explanations as listed at a lower place for the plosive consonant of rate from world-class wondrous 2011 to thirty-first January 2013The Income tale showed the duty make a nett wampum forwards tax of 41,873 later fetching into account the following instruction special income from investments and plaza which was include in the Income argumentation as shown infra1.disparagement was rail automobileeful on a reducing poise method and amounted to 12,9002.Melissa change a car and the acquitta nce on cut-rate trade was 895. This was include as an expenditure in the income statement. You do non bespeak to element this into big(p) registration calculations.CAPITAL ALLOWANCES3.The hold dear of pen go across determine for the principal(prenominal) pond bang-up allowances as at 1 high-flown 2011 wasCapital handout on sale of shares4,370Business place for buy at and store1,200Rent of storage warehouse spot5,000Council tax 1,400Repairs to warehouse report950Repairs to two-dimensional higher up stock550Customer pleasure1,700Motor Expenses (includes the terms of racetrack the lodge car which is overly employ by Melissa in private for nigh 20% of the time)1,200Subscription to magazine, make pass periodical110General preparedness for uncertain debts250