Annual Accounts & Returns
Annual accounts, also known as statutory accounts, are financial reports that a limited company must prepare at the end of each financial year. These accounts provide a summary of the company’s financial performance and position over the year.
Submission Deadlines
For a private limited company in the UK, the deadlines for submitting annual accounts are
First Accounts:
Helping you register with HMRC as required.
Subsequent Accounts:
Must be filed within 9 months after the end of the financial year.
What are Company Accounts?
Company accounts provide a detailed summary of your business’s financial performance over the year. They include important information like income, expenses, profits, and assets. These accounts need to be submitted annually to Companies House and HMRC (for tax purposes).
When Do I Need to Submit My Company Accounts?
First Accounts: If this is your first set of accounts, you must file them 21 months after the date your company was registered.
Subsequent Years: After your first year, you’ll need to submit your accounts within 9 months of your company’s financial year-end, also known as the Accounting Reference Date (ARD).
For example, if your company’s financial year ends on December 31, you’ll need to submit your accounts by September 30 of the following year.
What Happens If I Miss the Deadline?
If you don’t submit your accounts on time, Companies House will issue fines, which increase the longer your accounts are overdue:
1 day late: £150
1 month late: £375
3 months late: £750
More than 6 months late: £1,500
These penalties can add up quickly, so it’s important to stay on top of the deadlines.
Failure to submit annual accounts on time can result in penalties and potential legal consequences.
It's essential for limited companies to stay on top of these requirements to ensure compliance and avoid fines.
LDN FINANCIAL LIMITED
Your partner for successful growth .
Our Offices
Headquarters office :
3 Ruckholt close, Leyton, London E10 5NX
Leyton office (appointments):
252 High Rd. Leyton, London E10 5PW
Usefull Links
Connect With Us
Social links
Follow us in order to stay up to date with informations of your company. We bring essential financial needs on your favourite platforms