I have a client who has started a Limited Company, and has used his DWP Enterprise Allowance to fund his startup. Although I have searched through the Internet, I have been unable to find anything definitive that shows me how to treat the receipt of the Allowance.
Does anyone have experience of this who could let me know how they have treated the cash input through P&L and the Balance Sheet. I am at a loss at the moment.
Looking forward to your answers.