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Companies are obliged to prepare accounts to a standard in keeping with the latest Companies Act, and to submit accounts to Companies House within nine months of the year end.

The penalty for late submission of accounts to Companies House starts at £150 for one month, and increases to £1,500 for twelve months delay. In certain circumstances the late filing penalty can be doubled.

We aim to complete annual accounts in Companies Act format on a timely basis to ensure that the results discussed are relevant to the current trading position. In addition we will check that the deadlines for submission can be achieved and we will work with clients to ensure that these are met.

We will:

• Use software designed to ensure that the accounts comply with legal requirements
• Prepare draft accounts for your review
• Prepare full and abbreviated (where applicable)accounts
• Convert accounts to iXBRL for electronic submission with Corporation Tax Return