Where the company is an LTD Company, a Private Company Limited by shares, registered under the Companies Act and has only one director, the documents should be signed by the sole director. The above-listed documents are required to be annexed to the annual return of a limited company on delivery to the CRO.
Small and Micro companies have certain exemptions. In addition, there must be a certificate, signed by both a director and the secretary, certifying that the financial statements and reports are true copies of those laid before or to be laid before the company's AGM. The Act was commenced for 9th June However, the introduction of the Companies Accounting Act did not change the citation of the Companies Act The Act of is separate from that of the Act and the two acts are not to be read together as one.
The citation would only change where there is a specific mention in the Act itself to this effect. If a company fails to comply with the requirements, the annual return will be rejected by the CRO. No financial statements are required to be annexed to the first annual return which is delivered by a company post-incorporation. This return is required to be made up to the date which is six months after the date of the company's incorporation. Financial statements Requirements The financial statements requirements for different company types and sizes are detailed in the following pages -.
All financial statements filed with the CRO must be prepared in accordance with the Companies Act Company cannot file two annual returns with the same set of financial statements Section 4 , Companies Act , states that every document annexed to an annual return shall cover the period since the end of the period covered by the financial statements annexed to the preceding annual return and shall be made up to a date falling not more than 9 months before the date to which the return is made up.
Your company year end should be as accurate as possible, so turn debt collector a few weeks beforehand and chase up any unpaid invoices you may have. Before filing your company year end, make sure you have records for everything — this can mean getting statements of account from suppliers, copies of bank and credit card statements from financial institutions, and records of any other income you receive.
You need to keep company records for at least six years from the end of the company accounting period they relate to. The deadline for your tax return is 12 months after the end of the accounting period it covers.
You'll have to pay a penalty if you miss the deadline. There's a separate deadline to pay your Corporation Tax bill. It's usually nine months and one day after the end of the accounting period. Companies House requires your annual accounts within nine months of your year end within 21 months of your registration date if it's your first return. We've got an article with all the deadlines and dates you need to know as a limited company director. To encourage limited companies to file everything on time, HMRC and Companies House have penalty regimes for those who miss deadlines.
These penalties increase with time, so, if you miss deadlines on more than one occasion, you can expect it to cost you dearly, as shown below. If your company is VAT registered on either the Flat Rate Scheme or the standard scheme , you will most likely have a VAT return due at the same time as your company year end.
VAT returns aren't often thought of as part of a company year end, but they usually coincide with one. As a director of a limited company, you need to confirm your company information with Companies House once a year. Failure to file a Confirmation Statement can result in directors being fined personally in criminal courts, and companies being struck off the Companies House register.
You need to file your Confirmation Statement at least once a year and within 14 days of its due date. The due date is normally a year after your incorporation or the date you last completed a Confirmation Statement. You must submit a Confirmation Statement even if the company is dormant.
We've written another article which looks at all the things you need to file as a limited company director and when. The run-up to your year end is the perfect time to think about some financial and tax planning. This can help minimise your tax bill in the immediate future and also the long-term.
In this guide we explain in simple terms how to determine when your annual accounts are due and look at some of the complexities that can cause the unwary to slip-up. Inform Direct provides a simple and efficient approach to the task of producing fully compliant micro-entity accounts. Find out more Log on.
Before we move onto the main focus of this article — which is to explain clearly the Companies House deadline that will apply to your annual accounts, we shall clear-up two issues that often cause confusion.
People sometimes confuse annual accounts with the company confirmation statement. Both must be filed annually with Companies House , but they are very different in their content and the filing deadlines that apply:. Generally, a set of accounts would include:. The confirmation statement involves a declaration that all the details of the company are correct as at the date of review and that all necessary filings to Companies House have been made.
If there are unreported changes to any of the following, they must be reported in the confirmation statement:. We'll throw in use of our company secretarial package to help you keep up to date over the next year. In this guide we will consider the filing deadlines that apply to submission of your annual accounts.
If you have questions regarding your confirmation statement you may wish to start by reading our guide to the confirmation statement. Limited company accounts provide information for the financial period usually a year ending on the accounting reference date. The deadline for submitting annual accounts to Companies House is also determined by the accounting reference date.
When you first register your company, the accounting reference date is automatically set as the first anniversary of the last day in the month in which the company was incorporated. Unless you change your accounting reference date — your annual accounts will be prepared to this same date every year.
Company A is formed on 8 th January Its first accounting reference date is set by legislation as 31st January The first set of company accounts will therefore be prepared for the financial period beginning 8 th January being the day of incorporation to 31 st January the accounting reference date.
You will note that the first financial period is therefore longer than 12 months. This will be important later when we calculate the date that these first set of accounts must actually be delivered to Companies House.
0コメント