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Change Accounts Year End

 

Ltd Companies are allowed to change their accounting year end. The proposed change date must be communicated to Companies House.

Most companies apply to shorten or extend their financial year end period for the following reasons:

  1. To have the company accounting year end coincide with the holding company accounts period to make the consolidation of accounts of all companies within the group simple.
  2. To have the accounting period in line with the government tax year. Many companies prefer to have their accounting period end on 31 March for the reason of to make the administration of accounts and PAYE records reconciliation straight forward.
  3. To have the company accounts period end match with VAT returns quarter end.
    For administration convenience purposes.
 
Change Accounts Year End
Change Accounts Year End
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Our Price  :£90.00  Saving 25% 

Change Accounts Year End is a one off payment service. Our professional accountant will complete the Change of Accounting Reference Date Form for you and arranged to deliver to Companies House.

You can shorten or extend your company accounting year end and our accountant will let you know of the law applies to changing your company accounting period whether your proposed date will be accepted by Companies House.

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Procedures For Changing Accounts Date

Generally companies are not allowed to change their accounting period if the accounts are already overdue.

The overdue accounts attract late filing penalty. The penalty start from £150 to £1500 for private limited companies and more expensive penalty for public companies.

Extension of accounts year end must not be more than 18 months unless the company is in administration.

 
 
 

Testimonials

I provide IT consultancy services to UK businesses and I have no knowledge whatsoever about doing accounting books. I was very keen to learn to do it myself. I spent hours reading bookkeeping reference books, learning double entry and I was very proud that I understand the basic accounting so I did my books.

When the time to do my company year end accounts, I discovered that I have been recording information incorrectly and that I have to reorganise everything. my former accountants charged me a fortune to fix my incorrect records.

My advice to all is that it is worth to talk to people who know about these things to avoid disappointment and unnecessary work in a year’s time.

Time is expensive and sometime it is worth spend a little for a big gain in your business.

Mr. Duncan, owner of an IT Consultancy business