Private limited companies must file their accounts as Companies House within prescribed limits otherwise fines will be imposed.
This article deals with the new filing requirements which apply to company accounts commencing on or after 6th April 2008.
The general rule for such companies is that the accounts must be filed within 9 months of the end of the company's financial year. For this purpose, if a company's year end falls on the last day of the month, then the latest filing date will be the last day of the month 9 months later. However, if the company's year end falls on a day other than the last day of the month then the filing date will be that day of the month 9 months later (e.g. 5th April 2009 year end must be diled by 5th January 2010).
There is a maximum period in which to file accounts of 21 months. This is relevant to first year accounts. By default a company's year end is the last day of the month in which it is incorporated. So for example, if a company is incorporated on 4th March, by default the year end will be 31st March. Usually the company's filing deadline would be 31st December but in the first year this would be 4th December.
For details of penalties click here.
Dated : 13/02/2009
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