Companies House will automatically issue late filing penalty notice to companies if their accounts are overdue. Every company has accounts filing due date set by Companies House. If you are not sure when is your company’s account filing deadline, you can check on Companies House using WebCheck service or your accountant may be able to advice you.
How To Avoid Late Filing Penalty?
Legally you as company director require ensuring your company accounts are delivered to Companies House within the time period allowed for filing. Generally, small company is allowed to file its accounts to Companies House within nine months from its accounting year end and public company (PLC) has six months from its accounting reference date to deliver its accounts.
If your company filing deadline is next day, you may like to consider using guaranteed next day delivery post service. This is because first class post does not guarantee next day delivery. You will get late filing penalty if your accounts reach Companies House late even by just one day. The penalty is £150 if your company is a limited company and if your company is a public company you will receive a £750 penalty notice.
Accounts Rejected By Companies House
If you file your accounts with Companies House on time but they do not meet the requirements of the Companies Act 2006 and they were rejected. You will receive late filing penalty if the corrected accounts are delivered after the filing deadline.
Reminders of Accounts Filing Dateline
Companies House sends filing reminders to your company registered office address. Mark the filing deadline in your diary to remind yourself in good time.
Ensure you have access to all the statutory mails sent to your registered office as normally letters from Companies House and HM Revenue and Customs send to there require directors to take some form of actions.
Accountants To Take Care of Company Accounts
Concise Accountancy offers fixed fee accounts packages for business startup. The packages are designed to take care of small company accounts and tax return. Our accountants will remind you of your accounting filing dateline and arrange with you when to send in your accounting records for processing. Feel free to contact us to discuss your company accounting requirements.
Concise Accountancy – Making companies legal administration simple for small businesses.