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Lee Burbidge

  • Posts: 2287
Re: have you de - valued your buisness?
« Reply #60 on: April 02, 2018, 12:25:24 pm »
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?

I have hot water, I think we have used it once in a year :)

P @ F

  • Posts: 6319
Re: have you de - valued your buisness?
« Reply #61 on: April 02, 2018, 12:30:56 pm »
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?


I have hot water, I think we have used it once in a year :)
Thats because you never clean any windows Lee , you are always out shooting movies  ;D
I'm so lazy I'm getting tired of it !

Lee Burbidge

  • Posts: 2287
Re: have you de - valued your buisness?
« Reply #62 on: April 02, 2018, 12:32:07 pm »
I work with cold pure water. I can use hot when I NEED to !
the majority of the people on this forum that use hot water day in day out seem to have the opinion that their way is best and that cold can not do the job . so this implies that the years they were without hot water not providing a first class service?


I have hot water, I think we have used it once in a year :)
Thats because you never clean any windows Lee , you are always out shooting movies  ;D

PMSL   ;D

andyM

  • Posts: 6100
Re: have you de - valued your buisness?
« Reply #63 on: April 02, 2018, 01:10:00 pm »

Yes of course.

This is business related costs for sundry items.

When you have a business meeting, (something you need to do by law as a ltd company to discuss dividend allocation etc) you can claim costs if you hold your business meeting in a cafe or resturant. So for us, me and the missus would hold a meeting to discuss business matters over a coffee and sandwich, or a  business meal. You have to record the meeting by taking something called minutes, but as long as the subject matter is business related then its ok.

Ok thanks for that Marc.
I'm a sole trader and do my own accounts so none of that applies to me unfortunately.
I didn't think I was eligible to claim for that, and now I know I'm not.
Cheers
One of the Plebs

dazmond

  • Posts: 23988
Re: have you de - valued your buisness?
« Reply #64 on: April 02, 2018, 01:56:39 pm »
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?



if you have  a 600l tank its well overweight marc with a full tank.......
price higher/work harder!

dazmond

  • Posts: 23988
Re: have you de - valued your buisness?
« Reply #65 on: April 02, 2018, 02:09:38 pm »
marc yours is a T200 which has a 625kg payload..... ::)roll
price higher/work harder!

Marc Stock

Re: have you de - valued your buisness?
« Reply #66 on: April 02, 2018, 02:10:17 pm »
marc yours is a T200 which has a 625kg payload..... ::)roll

I dont fill it up to the max. Usually around 475- 500 litres max. Its still enough for the day.

I went for a bigger tank because a smaller one filled to 450 litres sloshes out the tank cap and floods the front drivers footwell.


dazmond

  • Posts: 23988
Re: have you de - valued your buisness?
« Reply #67 on: April 02, 2018, 02:39:12 pm »
just my opinion but i think a 500L tank in a van with at least a  900kg payload(mines 936kg) is required to be within the weight limit when you take into consideration your own weight,tank frame/fuel/ladders/batteries/pumps/poles/toolbox/reels etc,etc.....

sorry marc your van Is NOT SCRUFFY just untidy inside.......i hate untidiness! ;D
price higher/work harder!

p1w1

  • Posts: 3873
Re: have you de - valued your buisness?
« Reply #68 on: April 02, 2018, 02:53:18 pm »
i wouldn't be surprised if there are a good number of vans out there  overweight when all full up. Also i found with my previous wydale tank although it's supposedly a 500lt tank i never could get more than about 470lt in tops, there falsely advertised size is a bit like poles used to be and some still are.

Marc Stock

Re: have you de - valued your buisness?
« Reply #69 on: April 02, 2018, 02:56:26 pm »
just my opinion but i think a 500L tank in a van with at least a  900kg payload(mines 936kg) is required to be within the weight limit when you take into consideration your own weight,tank frame/fuel/ladders/batteries/pumps/poles/toolbox/reels etc,etc.....

sorry marc your van Is NOT SCRUFFY just untidy inside.......i hate untidiness! ;D

Yes i agree. It is a bit of a shambles inside.

But there isnt much in there. One pole, one reel, a pump and a battery a bucket and some lightweight ladders prob around 50 kilos

Better get out and sort it now, but its peeing down and my boy is giving me cuddles in  front of tv.

Marc Stock

Re: have you de - valued your buisness?
« Reply #70 on: April 02, 2018, 03:07:53 pm »
i wouldn't be surprised if there are a good number of vans out there  overweight when all full up. Also i found with my previous wydale tank although it's supposedly a 500lt tank i never could get more than about 470lt in tops, there falsely advertised size is a bit like poles used to be and some still are.

Yep thats correct. My 600 litre tank actually only fits around 540 litres before it sloshes out the top of the cap. To get a full 600 litres in there you need to be either on a hill with the front of the van facing downhill, or it be completly flat and level which isn't possible.

So i normally leave with around 450-475 litres in the tank. Van handles fine.

On another note, i used to be like Daz , i used to spend loads on pro gear, but realised what a rip off it all is. I had a Brodex E compact 250 fitted in my Astra Van back in the day, it cost over 5k with all the fittings and gubbins. Biggest waste of money imo, awful company snd your tied down to using them...not ever again i said to myself. And i found out much later that the e compact only holds around 185 litres.. Brodex went bust for a reason.

Susan Dean (1stclean)

  • Posts: 2064
Re: have you de - valued your buisness?
« Reply #71 on: April 02, 2018, 03:44:53 pm »
Yeah that's right..

Look at the end of the day if fancy go faster stripped water heaters are your thing, and you need to spend some money on the business to get your personal tax liability down, then spending 4.5k on a heater is a good way to do it. But it begs the question, why even bother doing that extra work to pay for a heater like that in the 1st place.

If you have 4.5k available to plough back into the business, get another van and a lad in it to grow the buisiness. Do that a couple of times and trust me, a fancy pansy water heater will no longer be on your radar..you will want better things.

As a businessman it make zero sense to me to do anything else otherwise, its just being a busy fool really, in my opinion.

Keep your costs low.

Keep your profits high.

And keep growing.

I wouldn't want to be driving about in an old scruffy,untidy van that's too small for WFP(IMO)like yours......

Each to their own...... ;D

My van isnt scruffy..its clean and well maintained. It wasnt old when i bought it, yes its getting on in age now, but so what its functional, tidy and clean. I have owned it for nearly 7 years now, it owes me nothing.

The wfp equipment inside is a little....rustic looking yeah i agree, but it works well and hasnt cost a fortune. It isn't worth much as its  just  a tank, pump, and di vessle and hose reel but it's unlikely to get nicked, its not going to cost a fortune if it goes wrong becouse frankly there isn't much to go wrong.

It has a 600 litre flat tank and is more than adequate, your comment about my van being unsuitable for wfp is the most ridiculous comment i have ever heard.

Is this a scruffy van?






I have to say it’s a very tidy looking van , but with what you are earning you must be paying huge amounts of tax and driving round a relatively old van why not invest in a new one with a new system put it against your tax you are then benefitting from your hard work rather than the tax man , I did exactly the same as you for years my accountant said I should should buy all new stuff to reduce my tax bill and he was right when I finally bit the bulit I can now see that I should have done it years ago , no disrespect mark but how do you manage to have the customer base and charge what you do with the system you have in the back I would be embarrassed to show my customers that , please dont be hurt by that Ime not criticising you , I just struggle to get my head round it , I have several large commercial jobs and some very wealthy customers domestic jobs that I do that have asked to see in my van and explain how it all works when they see a professional set out van they start to realise that windowcleaning isn’t just a low payed job but rather a skilled professional occupation and then they don’t quibble at the price , by the sound of your pricing structure you are far dearer than me I can do it with two vans so Ime sure you could do the same very easily , onece again please don’t think I am finding fault with you Ime not I just don’t understand how someone who is successful in buisness as you oviously are uses kit like that and gets away with it in affluent areas , I do genuinely wish you all the best with your buisness building but please inprove your van layout. 😂😂😂😂
Personally I wouldn't give a flying, you know what, to what customers thought of my van, and I dare say they don't really give a flying .... either, I'm sure they are more concerned about the service they receive.  Some people get what they think is a half decent van then think that gives them  the right to slag off others who don't see a newish van as a priority. Window cleaning snobbery!  who'd av thought it eh!

very nice looking van , funny thing is b.t. and open reach now run there van to death ive seen a 57 reg combo of theres this morning so if we take dazs logic guess hes making more then open reach as his van is newer ? let alone the 58 reg vans john lewis are running  in

Shrek

  • Posts: 3931
Re: have you de - valued your buisness?
« Reply #72 on: April 02, 2018, 04:48:08 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

Splash & dash

  • Posts: 4364
Re: have you de - valued your buisness?
« Reply #73 on: April 02, 2018, 05:06:24 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone

p1w1

  • Posts: 3873
Re: have you de - valued your buisness?
« Reply #74 on: April 02, 2018, 05:16:02 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone
I would presume as a Ltd company anyone can see them anyway if they wanted too.

Stoots

  • Posts: 6213
Re: have you de - valued your buisness?
« Reply #75 on: April 02, 2018, 05:20:03 pm »
Ltd accounts will cost a lot more to do than a sole traders.

I got quotes of about 200-500 for sole trader and about 800-2000 for ltd

Mainly depends if they are chartered or not.

As a sole trader using cash basis and simplified expenses I do my own.

Marc Stock

Re: have you de - valued your buisness?
« Reply #76 on: April 02, 2018, 06:19:42 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

The bookkeeping is done by us, i have software that does this. If i need advice on what to do for allowable expenses and tax stuff i ask my accountants and they advise me. And yes to receipts and bank statements.

These books are preliminary books before submission, my accountants will go through them to ensure all is good, but as i have been keeping them up to date on a regular basis with the accounts they know exactly what the state of play is with them.

There seems to be some confusion on what is a book keeper and what is an accountant.

Most sole traders who do their self assessment are in fact not using an accountant, but paying for bookkeeping, even though they think its accountancy.

 

 

Marc Stock

Re: have you de - valued your buisness?
« Reply #77 on: April 02, 2018, 06:20:40 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone
I would presume as a Ltd company anyone can see them anyway if they wanted too.

Yes that is correct.

Marc Stock

Re: have you de - valued your buisness?
« Reply #78 on: April 02, 2018, 06:31:06 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.



It’s intresting to see others make up of expenditures your accountants costs seam quite high at around £1500 I pay £400 a year , does he do all your wage slips etc in that or just end of years accounts? Ime not good with the figures side of things I leave that to the wife and accountant but your profit compared to what you earn seams low .?  There doesn’t seam to be a water bill there or is that included in the use of home charges ? Also is it wise to be disclosing this on a public forum where anyone can look at these figures —- just concerned for you with showing this to everyone

Water bill is under water production costs.

Yes we pay for payroll services, me and the wife both get a monthly fixed salary, and pay any tax due on PAYE on playslips

Use of home charges is a percentage of my private rent at my place of residence, i do not claim electric gas or anything else for simplicity.  Eventually when i get a commercial premises, this will not be claimed anymore as the company will have direct rent and rates to pay.

Profits are treated completely differently in LTD company accounts. I could for example take all my money as wages, and have zero profits, but that would be stupid.

My costs are for Payroll services, taxation advice, accountancy services,  and business advice. £1500 a year is fairly typical for LTD company chartered accounts.

Nope not concerned at all about this going on a public forum, the accounts are available to anyone who wants to read them anyway when i file at companies house.  I will however be removing the file in 24 hours.








Shrek

  • Posts: 3931
Re: have you de - valued your buisness?
« Reply #79 on: April 02, 2018, 06:37:44 pm »
Good question.

Just completed my accounts for my last financial year.  My turnover was £45,000 odd, wages and salaries were nearly 25k, i had 1500 in accountancy bills and around £7,800 left in profits which was a nice bonus to enjoy. Been using ot for fun stuff like treating the kids, hobbies and you know stuff that counts.

Here have a look at my profit and loss statement.

Do you prepare this yourself and give it to your accountant Marc as well as giving in your receipts & bank statements?

The bookkeeping is done by us, i have software that does this. If i need advice on what to do for allowable expenses and tax stuff i ask my accountants and they advise me. And yes to receipts and bank statements.

These books are preliminary books before submission, my accountants will go through them to ensure all is good, but as i have been keeping them up to date on a regular basis with the accounts they know exactly what the state of play is with them.

There seems to be some confusion on what is a book keeper and what is an accountant.

Most sole traders who do their self assessment are in fact not using an accountant, but paying for bookkeeping, even though they think its accountancy.

 

 

Cheers - lol I am confused! My accountants  are chartered accountants - do I pay them for book keeping or accountancy?
What’s the difference  ???