All limited companies, whether they trade or not, must deliver annual accounts to Companies House each year. This also includes dormant companies and LLPs.

Running your own company can be exciting, but also challenging. Directors have lots of responsibilities, which include keeping company records up-to-date and making sure they are filed in a timely manner.

It is essential that you understand what directorship involves, the importance of remaining compliant, and the consequences of late filing.

When do I need to file my accounts?

Every company will have an accounting reference date, which will determine when your accounts are due to be filed with Companies House.

If the first set of accounts of Private companies and LLPs cover a period of more than 12 months, they must be delivered to Companies House within 21 months of the incorporation date, or three months from the accounting reference date, whichever is the longer period.

After this, companies and LLPs must file within nine months of their accounting reference date, whilst publicly listed companies have a period of six months to submit their accounts.

When it comes to meeting your filing deadline, be proactive and plan ahead in order to avoid unnecessary penalties.

Top tips for filing accounts on time

Here are some simple steps to prevent your company from filing late:

  • Mark your diary or calendar to remind you
  • Sign up for email reminders from Companies House
  • Allow enough time for postage if you are filing via post
  • File online to speed up the process

Outsource your accounts to avoid fines

The most effective way to submit your accounts on time is to outsource this responsibility to a qualified accountant.

A professional accountancy firm can help you to maintain your financial records and ensure all the relevant documentation is submitted to Companies House on time.

Our experts in Biggleswade, Huntingdon and Letchworth can assist you with the preparation of your annual accounts to ensure you comply with the relevant accounting regulations and to give you accurate financial information to use in your business.

As part of our partner led service, we are here to support you throughout the year, not just once a year when your accounts are produced.

To discuss your circumstances in more detail with one of our experts, please contact us today or submit an online enquiry form.

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