Sponsored Links

Small Company Exemptions Print E-mail

Internet Marketing

Companies must prepare accounts to 12 months after the end of the month of incorporation. This becomes the automatic year end date of the company.  Directors can extend the Accounting Period up to 18 months for any period after formation of the company, but may only do so once every five years. Directors must notify Companies House within 9 months of incorporation if the first Accounting Period will change.  Directors must file accounts for the first Accounting Period within 22 months of incorporation, which can be less than 12 months after the end of the Accounting Period if it has been extended.

Small & medium sized companies/groups:

  • File abbreviated accounts
  • No group accounts required

Turnover is for 12 months, pro-rated for shorter or longer periods.
Treat groups as one entity.

Small companies:
  • Schdule 8 Comapnies Act 1985 formats & Financial Reporting Standard for Small Entities
  • Audit exemption
 
 
 

 

 
 
 
 
 
 

Decision Tree:

Comments
Search
Only registered users can write comments!

3.26 Copyright (C) 2008 Compojoom.com / Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved."