Squiggle, you must be right about the little boy's piggy bank
The question is more interesting than the answer for non-accountants. If the accounts are prepared in accordance with FRSSE (smaller companies) then it would only be disclosed in the company accounts if the ÂĢ1,000 is material to the company which is unlikely. If the accounts are prepared on a non-FRSSE basis (larger companies) then it would need to be disclosed if the ÂĢ1,000 is material to the boy which is much more likely. It's what is called a related party transaction which is disclosed as a note to the accounts.
Fascinating isn't it