Directors loan correction

[Monkeyfeatures]

I've just discovered that I charged a small transaction (only a few pounds) to the company debit card earlier in the year, when I previously had thought it had been charged to my personal debit card. As such I incorrectly included it in the directors loan account, which means the books show the company owes me more than it should.
I'm a bit concerned since I already did my tax return with the wrong entry... is it sufficient for me to simply add entries in the books for this year to correct the mistake moving forward? It doesn't affect the profit/loss/tax at all, just which bank account the money came from effectively.

[pawncob]

Surely if you used the company's card by mistake it's been charged to the loan a/c (assuming it's a non deductible item)
so the company actually owes you MORE than is shown in the books.
Why would this affect your tax return?

Anyway if it's peanuts, just adjust it this year.

[Monkeyfeatures]

Surely if you used the company's card by mistake it's been charged to the loan a/c (assuming it's a non deductible item)
so the company actually owes you MORE than is shown in the books.

Well no.... basically I've said that the company borrowed (lets say) £10 from me, when actually it paid with its own money.
My thought is to just put an entry in this year's books debit the loan account by £10, so it owes me £10 less, and then debit the bank account by £10, so it has £10 less in the bank. Then it should be correct figures, although I'm not sure it's right to do this or if I need to do another tax return with the correct figures or something.

[pawncob]

So you're saying that you created a false entry whereby the company now owes you £10, when it doesn't actually owe you anything. Just reverse it this year.