Is it a requirement for Ltd companies to file their accounts with Companies House?
Every limited company must submit its accounts to the Companies House, regardless of whether it has been successful, operational, non-operational, or breaking even. For more information pertaining to HMRC accounts or tax-connected matters, you will need to reach out to HMRC in person.Subscribe Now
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How long will it take for accounts to appear on Companies House?
The Companies House strives to process all accounts filed online within 24 hours. Paper documents delivered by POST can take a week or more to process; therefore, it will take time before you can discover whether they have been accepted or declined.
Does Companies House accept the late filing of accounts due to Covid 19?
The Companies House grants extension to qualified companies provided they explicitly state how the issues surrounding COVID-19 are derailing filing in their application. Late filing of accounts attracts hefty penalties, so it is necessary to get it done on time. In order to avoid missing the set deadline, get in touch with Companies House Service (CHS) to learn of your filing deadlines.
When Must accounts be delivered at Companies House?
For example, business accounts running from 1st January 2020 to 31st December 2020 are ripe for submission. These accounts must be delivered at the Companies House no later than 30th September 2021 if a company is to escape a penalty.
Regardless of the status of your company, you must file your accounts. You will need to supply us with a single copy of your company’s accounts.
We advise filing of accounts in advance as some of our employees have been forced to proceed to leave in a bid to comply with the government coronavirus (COVID-19) directive. For this reason, it might take time to process documents conveyed to us by POST.
Filing online saves most companies money and time
Settle on an option that works best for your company
To file your accounts online, you need to have a company number and authentication code. Companies are issued with the authentication code, which is a six-digit alphanumeric code by the Companies House. To find out more about this, visit https://www.gov.uk/guidance/company-authentication-codes-for-online-filing
For companies filing their accounts through an agent or account, contact them and request them to file online.Find out more
What happens if you fail to file your accounts with Companies House?
If the deadline passes and you have not filed your accounts with Companies House, brace yourself for hefty penalties. Failure to file your accounts on time for two consecutive years attracts a double penalty. You can be penalized, and your company gets de-registered if you fail to file your accounts with Companies or fail to send a confirmation statement.
Is it a requirement for a dormant company to file accounts
It’s normal for directors of a dormant company to pay little to no attention to the operations of their business, but this doesn’t mean they should not file their accounts with the Companies House. Failure to do so would attract hefty penalties to their ailing company, which would prove more costly. Companies House recommends owners of dormant companies file their annual accounts with it and also share with them annual confirmation statements. This should be the routine until the company resumes or ends its operations.
Gm professional accountants have offices located in London Canary wharf, London Wimbledon ,Ilford Essex and Birmingham.