It’s VAT time at Soft Rock Software HQ and while sorting that out, I’ve become distracted by some old files. Amongst other things, I’ve just found my earliest file of statements for the business bank account.
Missing is sheet number 1, but the statements are monthly and sheet 2 runs from April 20th 1989 to May 19th 1989, sheet 3 from May 20th 1989 to June 19th 1989, and so on. Logically, then, if sheet 1 was produced one month after opening the account, it must have been opened on or very close to 20th March 1989. This means the 21st anniversary of opening that bank account will be on the 20th March 2010 – which is two weeks from today. That date is, therefore, arguably the 21st birthday of the business.
However, since the outset, I have always operated a trading year that ends on 30th June: My first set of accounts were for the year ending 30th June 1990, and I’ve continued on that basis ever since. Knowing this, and being unable to remember the details of when the account was opened, I had previously assumed I’d opened it in or around June 1989. I now know this to be wrong – but at the same time, I now know why I adopted that trading year.
The very first transaction on the account took place on 30th June 1989. This does, of course, mean that first trading year was actually a year and one day, but that first transaction was my own money being put into the account to fund the expenditure that was about to start.
On that basis, then, it’s reasonable to declare Soft Rock Software’s official date of birth as 30th June 1989. So, on 30th June 2010, Soft Rock Software will be 21 years of age.