Accounts

If you have a query that you cannot find the answer to, please contact us - our contact details are above right. Support office hours are 8:30am - 5pm, Mon-Fri.


Can the accounting reference date be changed?

You may change it by sending Form AA01 to the Registrar of Companies at Companies House. You must do this during the accounting period affected by the change or during the period allowed for delivering the associated accounts.


How is the accounting reference date set?

The accounting reference date is the date in each year to which accounts will be drawn up. The date depends on the date of incorporation as it isthe last day of the month in which the anniversary of incorporation falls.

For example, if your company is set up 2 July 2010, the accounting reference date will be 31 July 2011.


How long do I have to deliver accounts?

The first accounts of a private company must be delivered:

  • within 9 months of the end of the accounting reference period; or
  • if the accounting reference period is more than 12 months, within 21 months of the date of incorporation, or three months from the end ofthe accounting reference period, whichever is longer.

Late filing penalties for accounts

If your accounts are delivered late, there is an automatic penalty. This is between £150 and £1,500 for a private company and between £750 and £7,500 for a PLC.

In addition, directors may be prosecuted for not filing certain documents.If convicted, they will have a criminal record and be liable for a fine of up to £5,000 for each offence. In some cases, they could also be disqualified from being a company director or taking part in the management of a company for up to five years.


What happens if I don't send the information to Companies House on time?

It is easy to lose confidence in a company that doesn't meet its legal obligations. If you don't tell Companies House about your company's financial state on time, and you don't send in details of changes, anyone wanting to do business with you will not have access to the most up-to-date information about your company. It could cause trading problems or affect your company's credit rating. It could even stop a potential investor from putting money into your company, or prevent you from getting a loan when you need it.

If your accounts are delivered late, there is an automatic penalty. This is between £150 and £1,500 for a private company and between £750 and £7,500 for a PLC.

In addition, directors may be prosecuted for not filing certain documents.If convicted, they will have a criminal record and be liable for a fine of up to £5,000 for each offence. In some cases, they could also be disqualified from being a company director or taking part in the management of a company for up to five years.


What period should the accounts cover?

A company's first accounts must start on the day of incorporation. The first financial year must end on the 'accounting reference date' or a date up to seven days either side of this date. Subsequent accounts start on the day following the year-end date of the previous accounts. They end on the next 'accounting reference date' or a date up to seven days either side.


Where can we obtain Inland Revenue information?

Your Accountant is probably your best source together with the Inland Revenue Service; The Inland Revenue will automatically post you a registration form after you register your company.

 
Find out more
Feedback
Blogs

Why Choose @UK?

Over 300,000 companies formed
Over 12 years Experience
Companies House authorised agent
All fees included - No hidden extras
Free Company Name Check
Free Support
Secure Payment

Find out more

Start a company online today with our secure and easy process. Having formed over 300,000 companies we are the perfect Company Formation Agent to register your company with. We will help you set up your business from only £16.99 and provide you with all the necessary documentation to start trading within a few hours of incorporation.

We offer a range of packages and services tailored to meet your needs. Select the package that best suits your business requirements from our range of popular pre-designed packages.

Making the decision to start your business is the hard part. Setting up your company with @UK PLC is easy with our fast, simple and efficient service.

Accepted Payment Cards

 

We’d love to hear from you. Please send us your questions, comments or concerns by filling out the form below. We’ll do our best to get back to you as quickly as possible, usually within 1-2 business days.
 Captcha

Latest BlogsMORE BLOGS

Registered Office Address: Your Questions Answered
@UK PLC
May 24, 2017
Here at @UKplc Company Registrations, we want to make it as easy as possible for you to get your new business up and running. Here are the answers to some questions we are frequently asked about registered office addresses.
read more
Writing a Business Plan
@UK PLC
May 03, 2017
Starting a business is an exciting decision and it can be tempting to jump right in without a plan. However, writing a business plan can really help your business get off to a great start.
read more
Business Stationery – The Legal Requirements
@UK PLC
Apr 28, 2017
Your business stationery, such as your letterheads, must contain certain information by law. Before you go ahead and start ordering designs for your new company, it’s a good idea to make sure your stationery is going to comply with legal requirements – not just something that looks great.
read more