My Ltd Co is just completing it's first year of accounts (financial year end is end of March 2018).
Retained profit is £22k.
What I wanted to know is if I could have declared a dividend of say £30k in March 2018 but to be paid later (i.e. when there are sufficient funds available) OR can the max dividend only be £22k so the company balance does not go into the red?
Retained profit is £22k.
What I wanted to know is if I could have declared a dividend of say £30k in March 2018 but to be paid later (i.e. when there are sufficient funds available) OR can the max dividend only be £22k so the company balance does not go into the red?
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