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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:

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