CT1 form query

justonepoint

Registered User
Messages
8
What does "Balance of directors current and load accounts negative" mean

I think it means that I as a director have lent money to my company.
What has happened is I paid for expenses out of my own pocket and the company it doesn't have enough money in the bank to pay me back.

The company is my own and i use it to contract my services out of it, the total of expenses is only 300 euro.

Just want to make sure if I am to put the figure down under negative or positive.
 
If the company owes you money then it goes under "negative" ( as a liability of the company) on the CT1. If you owe the company money it goes under positive ( as an asset of the company)