Each year Companies are required to prepare Statutory Accounts in compliance with the Companies Act and to file them at Companies House within 21 months of the business’ formation, and within nine months of the end of each financial year thereafter, in order to avoid penalties.
Certain Companies that comply with the size criteria for smaller entities are permitted to file abbreviated accounts at Companies House, which keeps the level of disclosure held on public record to a minimum.
A more detailed set of UK GAAP accounts will also need to be prepared in iXBRL format for filing electronically with HMRC, along with the corporation tax return.
Acting as your Agent we will ensure your accounts are filed in the correct format in good time with both Companies House and HMRC.
Are you interested in our statutory accounts service?