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Common sense - relatively speaking

We believe that if a director's balance is not overdrawn then it is unlikely that

a disclosure will be required in the abbreviated accounts because the director has not taken unapproved amounts from the company. It will of course be up to different advisers to decide how they wish to interpret the law, but hopefully common sense will prevail and we won't be disclosing the cost of a coffee or an I-tune download purchased on a company credit card.

Common sense - relatively speaking

By: Ward Goodman
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