HOW TO READ A BALANCE SHEET (UK)

Heard the term but don't know how to read one (or why you'd want to)? In this video Dan runs through the basics.

Topics include:

How to read a Balance Sheet
What is a Balance Sheet (UK)
How to understand business accounts
How to understand business finance
How business finances work
Accounting for beginners
Accounting basics
Balance sheet step by step
How to manage small business finances

00:00 Basics
01:44 The Good
03:42 The Bad
04:32 The Hopefully Not Ugly
6:18 Reminder of Action

… and more!
If you have any questions on this, please comment below.

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[esco.letsgo]

Hi, how do you close a dormant company with 1 director & PSC that has never traded with late fillings fees under £500.00 (registered in 2021)

[nele]

So if I am looking at the micro company accounts and the very last number, capital and reserves, is in parentheses that means it is negative? I do not see other indications of numbers being negative but it is also not explained. Parentheses = Negative?

[mmyas]

What about a bigger view of the examples and a voice over. The aim is to explain a balance sheet, after all.