I have urgently submit my self employed carer's Balance Sheet for last tax year, this morning. (We sent a tax return and were told no, it needs to be a balance sheet, & about to be out of time.)
TBH they don't have one as they use simple cash accounting with HMRC, and have no stock, or liabilities, and assets of £2.99.
My understanding is a balance sheet for someone with such a v.small simple set up (self employed carer to several different clients - main expenses travel, insurance/fees, and disposable gloves) would just show boxes for:
Stock, Assets, & Liabilities
Money in, Money out, Balance.
Can anyone please tell me if this is correct? (googling examples isn't helping)
It looks too simple and scant, but I've only ever had involvement with ones involving premises, vehicles, machinery, depreciation etc before.