Self Employed Book Keeping Enquiry

anno1664

I run a small self employed internet business, and my question is how do I record the purchase of the following items in my profit and loss account. Also does the full cost go into the account

Purchase of

1. Computer or printer
2. Ink
3. Computer peripheral say a USB, flash drive or writable DVD
4. General maintainance tools
5. Spare parts for the machine I use in maling my product to sell

Your help in this matter would be greatly appreciated

Regards

Neil

chrismac1

1. Fixed asset purchase, not profit and loss item. Depreciate over 3 years and claim 100% capital allowances, unless there is some private use when you should only claim the business proportion.
2. Printing and stationery expense.
3. Computer and software expense.
4. Repairs and maintenance expense.
5. Spare parts or repairs and maintenance expense.

zygurat789

chrismac1 wrote: »

1. Fixed asset purchase, not profit and loss item. Depreciate over 3 years in the accounts and claim 100% capital allowances in the first year only, unless there is some private use when you should only claim the business proportion.
2. Printing and stationery expense.
3. Computer and software expense.
4. Repairs and maintenance expense.
5. Spare parts or repairs and maintenance expense.

2 - 5 above will all end up in box 19