Every company has an obligation to complete Annual Accounts each year for the relevant authorities, typically Companies House and HM Revenue & Customs, we make sure these are filed on time for you.
Directors are personally responsible for submitting yearly accounts and the company's annual return to the Registrar of Companies.
About 1,600 directors a year pay an automatic penalty for late filing of accounts. It ranges from £150 to £1,500 for a private company and £750 to £7,500 for a public company. These penalties were increased from 1 February 2009.
Directors and secretaries may be prosecuted if the annual return is delivered late or not at all. A conviction would mean a criminal record, and usually a fine of up to £5,000.
If no return or accounts are filed at all, Companies House may also strike the company off the register.
Avoid common mistakes when filing your annual accounts!
Our experienced agents will help take this burden off your shoulders leaving you more time to concentrate on your business.
If you need help filing your annual return feel free to contact one of our advisers.
