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Level 1

Director's loan from company

Hi, hoping someone can shed some light on this. 


If a director takes out a small sum of money from their company a director's loan, with the view to repay it before the 9 month after end of accounting year deadline, is it recorded as a non-current asset under 'directors current account'? I am about to file the corporation accounts/tax return so want to make sure it's accounted for correctly on the balance sheet.