Self Employed Docs: Limited Company, No Salary, No Dividends

[[iD]]

Hi,
There is always confusion about applications with limited company setup
So here are I am posting the list of documents I provided with my successful Hsmp-Tier1 extension. I worked in a part time job and mainly in my own limited company and never paid myself any salary or dividends. Hope it helps future applicants

Age Assessment: (Points Claimed 30)
Documents provided:
1) Original Passport

Qualifications: (Points Claimed 30)
Documents provided:
1) Original Masters Degree Certificate (didn’t need to as it’s the same qualification I used in initial HSMP application but still sent it)

Previous Earnings & United Kingdom Experience: (Points Claimed 35+5)
Earnings Source 1: (Salaried Employment)
Documents Provided:
1) Original Bank statement
2) Letter from employer confirming earnings claimed

Earnings Source 2: (Self Employed as a limited company and never paid myself salary or dividends)
Documents Provided:
1) Company (periodic) accounts including Balance Sheet and Profit & Loss Account
2) Accountant letter confirming gross and net earnings for the period claimed
Additional Document Provided:
1) Letter from HM Revenue & Customs confirming the tax period is not due until 30th January 2011

English Language Requirement: (Points Claimed 10)
Documents provided:
1) IELTS Certificate (didn’t need to as I satisfied Englisn language requirement in initial HSMP application but still sent it)
2) Original Bachelors Degree Certificate (didn’t really need to)

Maintenance Funds: (Points Claimed 10)
Documents provided:
1) Personal Bank Statements covering 3 months before the date of application

[maidy]

Congrats tht u got ur extension approval. I m confused about one thing following documents u've provided as evidence of ur self employed earnings

Earnings Source 2: (Self Employed as a limited company and never paid myself salary or dividends)
Documents Provided:
1) Company (periodic) accounts including Balance Sheet and Profit & Loss Account
2) Accountant letter confirming gross and net earnings for the period claimed
Additional Document Provided:
1) Letter from HM Revenue & Customs confirming the tax period is not due until 30th January 2011

company a/cs and accountants' letter both are from the same source while letter form HMR is just an additional document only and not an evidence of earnings, so how come the HOMEOFFICE accepted two evidences from the same source isn't it strange???

[Sky_High]

Did you send your business bank statements?

Was profil and loss and balance sheet was for one complete year or your accountant just produce in middle of year for visa purposes?

[dev106]

Hello,
Even I work thru my own limited company as engineer.I'm paying myself enough salary to reach the 30k cutoff. Tell me , if a person working by his own limited comapny and paying himself enough salary can produce these docs as proof for earnings,ri8?
1.payslips.( signed and stamped by the accountant)
2.Bank statements.
3.Letter from accountant mentioning the gross pay and the net pay.
as in the below mentioned thread,
http://www.immigrationboards.com/viewtopic.php?t=49310
it is been discussed about the limited company , and people declared tht they got approvals by just submitting the above mentioned docs.

Seniors, could you please clarify me that if a person working by his own limited company and paying enough salary to himself without taking any dividends is supposed to submit even the BANALANCE SHEET & P/L while applying Tier-1 general????

[[iD]]

Congrats tht u got ur extension approval. I m confused about one thing following documents u've provided as evidence of ur self employed earnings

company a/cs and accountants' letter both are from the same source while letter form HMR is just an additional document only and not an evidence of earnings, so how come the HOMEOFFICE accepted two evidences from the same source isn't it strange???

as far as i know, company accounts are from company not accountant. because even though accountant made the accounts, I was the one who signed company accounts (balance sheet and etc)

[[iD]]

Did you send your business bank statements?
I'm sure you can't see company bank accounts in the list above, so it's a no


Was profil and loss and balance sheet was for one complete year or your accountant just produce in middle of year for visa purposes?

It was periodic account only for the period i was claiming

[[iD]]

Hello,
Even I work thru my own limited company as engineer.I'm paying myself enough salary to reach the 30k cutoff. Tell me , if a person working by his own limited comapny and paying himself enough salary can produce these docs as proof for earnings,ri8?
1.payslips.( signed and stamped by the accountant)
2.Bank statements.
3.Letter from accountant mentioning the gross pay and the net pay.
as in the below mentioned thread,
http://www.immigrationboards.com/viewtopic.php?t=49310
it is been discussed about the limited company , and people declared tht they got approvals by just submitting the above mentioned docs.

Seniors, could you please clarify me that if a person working by his own limited company and paying enough salary to himself without taking any dividends is supposed to submit even the BANALANCE SHEET & P/L while applying Tier-1 general????

As far as I know, if you start to pay yourself a salary then you become the employee of the company and then you have to do it the employee way, that is bank statements+payslip
other may confirm

[Sky_High]

Cong. for you. Best Wishes

[vsk653]

Can i show the earning by combining the payslips+limited company earnings.

I am working as IT contractor for 5 days week. And get a payslips from
umberilla company.
In weekends i will teach Java to the University Students, and i will take
payments as checks in the name of my Limited company and deposited to
my bussiness bank account.

Any of the experts of this forum, Can you please give clarification regarding
At the time of my HSMP extension, Can i combine bothe earnings and show it as total earnings?

[shahjee11]

Age Assessment: (Points Claimed 30)
Documents provided:
1) Original Passport

How did you manage to claim 30 points for your age?????????

[1n1le]

Age Assessment: (Points Claimed 30)
Documents provided:
1) Original Passport

How did you manage to claim 30 points for your age?????????

Now, thats interesting ain it?