ESC

Click the "allow" button if you want to receive important news and updates from immigrationboards.com


Immigrationboards.com: Immigration, work visa and work permit discussion board

Welcome to immigrationboards.com!

Login Register Do not show

Limited Company doubt (profit/loss)

Archived UK Tier 1 (General) points system forum. This route no longer exists.

Moderators: Casa, Amber, archigabe, batleykhan, ca.funke, ChetanOjha, EUsmileWEallsmile, JAJ, John, Obie, push, geriatrix, vinny, CR001, zimba, meself2, Administrator

Locked
Krishna26
Newly Registered
Posts: 3
Joined: Tue Aug 13, 2013 10:46 pm

Limited Company doubt (profit/loss)

Post by Krishna26 » Fri Aug 16, 2013 4:13 pm

Hello All,
I am applying for Tier1 extension on 3rd sep , So I have few doubts, hope you guys can help me out here.
I am IT contractor, I have my own limited company (100% ).
I have paid myself 12k as salary and 31k as dividends.
So for the earning supporting documents:
1) Payslips/p60
2) Personal Bank statements.
3) Dividends Vouchers
4) Accountant letter confirming, about the dividends and salary has been deposited to my personal account.
5) Business Bank Statements
6) Invoices /Contract Letters

My doubt is about the profit and loss letter for my company, to my knowledge my company is completely a different entity altogether right ? Do I need to show this letter to the UKBA.
As my company is financial year is completely different (may12-May-13)
Please advise me on this …..

suneshkumar
Newly Registered
Posts: 22
Joined: Mon Apr 11, 2011 1:46 pm
India

Post by suneshkumar » Fri Aug 23, 2013 4:33 pm

Hi,

I am in the similar situation, I went to PEO Croydon, please see my experience, may be this helps you
Hi Friends,

Today I attended the Croydon PEO with the following documents and my application is succesful, waiting for BRP now. Very Happy

This thread helped me a lot, so I want to add my experience here may be this will help to some one else

1. Current vignette : Tier 1 General
2. Date of PEO Appointment : 21-Aug-2013
3. Number of dependants: 1
4. Employment: Dividents+ Salary
5. Date of expiry of current leave (visa) : 15-Sep-2013
6. Payment mode : Debit Card
7. Name of PEO Applied : Croydon
8: Approval letter: Given on the same day (hasn't mentioned for how long the visa granted (but I know it will be for 2 years, because my initial grant for 3 yrs))
9. BRP Received on: still waiting

My experience

8:00 AM : we reached Croydon PEO
8:15 AM : Finished with checking and issued a token
8:20 AM : My number called to pay the fees
8:35 AM : My number called to register the case, they key-in all the data in to the system and kept all the documents along with photocopies in a document holder
9:00 AM : My number called For enrolling BRP and took the document holder which has everything it took 20 minutes
9:20 AM to 10:15 AM: I am waiting in cafeteria
10:15 AM : I got a call from case worker and asked me the additional documents which are listed below
10:20 AM to 11:10 AM: Bit worried, but still have hope....
11:12 AM : My number called to collect the documents along with Approval letter Very Happy


Docs:
1. Application
2. Payslips (signed and stamped)
3. Dividend Vouchers (signed and stamped)
4. Bank statements original
5. Accountant letter explaining salary and dividends (gross + net)
6. P60 (not required at all, but I just kept)
7. Passports + BRP and photographs
8. Marriage Certificate

Additional Docs: (they called me and requested)
1. Business Bank statements original
2. Invoices signed by me
3. any VAT receipt or VAT registration certificate - they just want to know whether we are paying tax or not
4. Contract(s) with my client

Thanks a lot for all your support guys

and waiting for my BRP now......

Cheers
Sunesh

Locked