Company Accounts

When does a company need to file the accounts?

Every company registered in the UK should prepare and file annual company accounts with the companies house every year. If you are a director of a small company in the UK, it is your responsibility to file the annual accounts and you may have to pay a penalty if you fail to do so. As a small business owner, you should remember three things.

File your accounts within 9 months after the year end

You can select your own year end date

File Filleted Accounts instead of Full Accounts

What is included in our service?

There are mainly two types of accounts.

  1. Full accounts
  2. Filleted accounts.

Full Accounts include detailed profit and loss account along with the balance sheet of the company. You will have to file the full accounts with the company tax return to the HMRC. Filleted Accounts include only the balance sheet of the company. Since the filleted accounts do not include profit and loss account, most of the accountants including us advise their clients to file the filleted account with the companies house.

Our service includes preparation of both these sets of accounts and their filing with the companies house and the HMRC before their due date.

Full Accounts

Filleted Accounts

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Statutory deadline to file the company accounts and penalty if you miss the deadline

Due date to file the first accounts – 21 months after the date your company is registered

Subsequent annual accounts – 9 months after your company’s financial year end

Penalties if you don’t file your company’s accounts before due date.

Depending on the delay, you will have to pay the penalies.

Penalties:

Not more than one month late: £150

More than one month but not more than three months: £375

Late more than three months but not more than six months: £750

More than six months late: £1,500

Other Benefits

When you consult us to prepare your accounts, we take care everything. We will remind you in good time before your accounts are due. We will gather all the necessary information required to prepare the accounts and guide you through ins and outs of your transactions.

Reliable and on Time

Fixed Fees agreed in advance

Regular Follow up

Company Accounts: FAQs

Yes,  you still need to file your company’s accounts even if your company has not traded during the year. When your company has not traded, it can be classed as a dormant company. In this case, you can file Dormant Accounts instead of filleted or full accounts. Our fees to prepare Dormant Accounts in only £100 plus VAT.

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