Need to clarify director pay from financial accounts (small Ltd company)

earlycomputers

Can someone clarify how much this director personally earned for this year? On the financial statement for his small limited company it says (in column format); `Advances/credits to the director'=£72654 then next to this `Amounts repaid'= (£92883) then next to this `Balance outstanding'=(£20234). Then there is a section called `Related party transactions' where it states that the company purchased an annuity contract from this director for £150,000 two years previously and that the company will receive an annual payment of £480 for his lifetime. It also states he got £89500 dividends. What can one tell from this about what this director earns? How much tax would he have to pay on the dividends? Would any of his expenses/pensions etc have to be declared on his tax return also? many thanks

Pennywise

There's no way of knowing how much pay/wages he's taken from that information. It's just not shown in the abridged/abbreviated accounts filed at Companies House. You'd need full management accounts for that level of detail which aren't publicly available.

antrobus

Why do you need to clarify director pay? Is it something more than idle curiosity?