Extension Approved in 2 Months

[itpba]

Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

[jafersadeq]

CONGRATULATIONS
Good news

Was your business in profit or loss.

Thanks

[itpba]

CONGRATULATIONS
Good news

Was your business in profit or loss.

Thanks

Business was in profit

[nasiaziz]

Congrats
ur time line plz

[itpba]

Congrats
ur time line plz

applied 10/10/16
Biometrics: 21/10/16
Approval letter received: 07/12/16

[Dangerous Dragon]

Congrats

[paru.org]

congrats itpba
did they kept ur original accountant letters of job creation and investment ??
i haven't got mine back ?

Congrats
ur time line plz

applied 10/10/16
Biometrics: 21/10/16
Approval letter received: 07/12/16

[itpba]

congrats itpba
did they kept ur original accountant letters of job creation and investment ??
i haven't got mine back ?

Congrats
ur time line plz

applied 10/10/16
Biometrics: 21/10/16
Approval letter received: 07/12/16

thanks, Yes I got all my documents back

[nadeem75]

Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

Hi Itba,
Great you got ext.
Could you share director's loan sample.
It would great help. My ext due in 2 months

Regards
Nadeem.

[itpba]

Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

Hi Itba,
Great you got ext.
Could you share director's loan sample.
It would great help. My ext due in 2 months
Nadeem.

below is the text of my director Loan:

IT IS HEREBY AGREED AS FOLLOWS

1. The Loan
Upon the execution of this agreement, and subject to its terms the Lenders XXXXXXXXXXX agree to make a loan to the Borrower (xxxxxxxxx) in the sum of the Loan Amount as set out above.

2. This loan is Interest Free, Unsecured & subordinated in favour of third party creditors of the Company. The loan is repayable after 05 years.

3. Whole Agreement, Governing Law and Severability

3.1.1 This document constitutes the entirety of the agreement between the parties. It supersedes any prior representations which may have been made, whether orally or in writing. Any modification to this agreement must be made in writing and signed by both the Lenders and the Borrower.

3.2 This agreement shall be governed by the Laws of England and Wales.

3.3 All clauses, sub clauses and parts thereof shall be severable and shall be read and construed independently. Should any part of this agreement be found invalid, this will not affect the validity or enforceability of the any other provision or of this agreement as a whole.

3.4 All terms, conditions and covenants contained in this agreement shall bind the parties and their heirs, legal representatives, successors to title and permitted assignee.





IN WITNESS WHEREOF the parties have caused this agreement to be executed on the day and date first before mentioned........


it was very simple and short All HO requires ia that it shows (1) its unsecured (2) subordinated in favour of third parties (3) signed by yourself for lender and borrower....

[mcr2013]

What date u get NHS partial refund back in ur account ? Was it before or after the approval letter?

[itpba]

What date u get NHS partial refund back in ur account ? Was it before or after the approval letter?

2 days after the approval it was in my account, I assume it was processed the same day but took 2 days to credit into my account

[mcr2013]

Oo thanx

[samaygrg]

Alhamdullilah My Tier1 50K Extension has been approved within 2 Months without interview. I am specially Thankful to Zimba who always help promptly ( Much appreciated) and all those active members who help others by sharing their views.

I submitted almost those documents which are mandatory in the guidelines and has been shared on this forum many Times.

Once again Many thanks for your support and best luck for those already applied or Going to Apply.

Congratulations!!!!! great news to hear.

[gt23]

Congrats friend

Did you get you employee sign the passport photocopy?

Also, how do you show job hours calculations? My employees are on gross annual salary. Is there a template to show total hours and does this needs to be approved by my accountant?

Thanks

[itpba]

Congrats friend

Did you get you employee sign the passport photocopy?

Also, how do you show job hours calculations? My employees are on gross annual salary. Is there a template to show total hours and does this needs to be approved by my accountant?

Thanks

No Need for employee to sign passport i just stamped with ORIGINAL SEEN.

Employee hours can be calculated : total pay /pay per hour it will give you total monthly/weekly ( depends how often you pay ) hours. you just need to write the hours you claiming in the application form. if youir payslips show hours and pay per hour the just write those in the application form, not needed to be approved by accountants, thanks

[mcr2013]

congratulation

[gt23]

Thanks for your reply.

I pay monthly salary. On pay slip it does not show hours.

My employee work 32 hours a week. I have a employee contract to prove that. But for calculation is it true i can only claim max. total 130 hours a month. Do i need to make a table and show how many hours each employee has worked?
I am on pre apr 2014 route. Does total 3120 hours rule apply to me.

Also, does all the FPS report for each month need to be signed by accountant or myself.

Thanks

[itpba]

Thanks for your reply.

I pay monthly salary. On pay slip it does not show hours.

My employee work 32 hours a week. I have a employee contract to prove that. But for calculation is it true i can only claim max. total 130 hours a month. Do i need to make a table and show how many hours each employee has worked?
I am on pre apr 2014 route. Does total 3120 hours rule apply to me.

Also, does all the FPS report for each month need to be signed by accountant or myself.

Thanks

32 hrs a week covers a full time job requirement, yes if an employee is doing more than 30 hours a week then HO only counts 30 and the rest not counted but if your employee is doing 32 a week you are good to claim it as full time job. on the form there is table where you have to mention all hours and hourly rate etc.having hours and hourly rate on the payslips is preferable but if you dont have then you can send contract to prove what you are claiming.

Only director/s can sign FPS Reports, Accountant does not need to sign

[gt23]

Thanks for your reply.

So, for example if my employee worked for 12 months 32 hours a week on gross annual salary of £12,200. How do i calculate hourly rate? Is it total salary/ 52 weeks and then divide by 32?

Does it need to be total minimum 3250 hours for both employees taking max. as 130 hours a month for 24 months.

Thanks

[Kkapil]

Congrats, please can you tell me how many months business bank statement did you provide?

Many Thanks

[jafersadeq]

Thanks for your reply.

So, for example if my employee worked for 12 months 32 hours a week on gross annual salary of £12,200. How do i calculate hourly rate? Is it total salary/ 52 weeks and then divide by 32?

Does it need to be total minimum 3250 hours for both employees taking max. as 130 hours a month for 24 months.

Thanks

12,200 /52 = £234.62 a week ..then 234.62/32 = 7.33 is the hourly rate.
total hours for your employee (1) = 52 x 32 =1664 hours

[gt23]

Thanks for your reply and help

Can i please ask you did you submit initial employers liability summary of insurance or also each yearly renewal documents ? Is hiscox enough on bank statement for current time period or dl you also submit most recent insurance renewal certificare
Or all 3 years certificate?
Thank you

[noajthan]

This has wobbled and wavered way off topic from itpba's original post.
Takeaway: everyone is pleased s/he got her/his extension - and all done without interview to boot.