We don’t want to frighten you with statutory deadlines and filing penalties but they are all part of the year end accounts process.
Failure to submit your accounts on time to Companies House can result in a fine starting at £150.00 and rising to anything up to £1,500.
Incorporated companies are required to file their abbreviated accounts to Companies House within nine months of their accounting year end (For newly incorporated companies, the first filing deadline with be 9 months from the 1 year anniversary of your date of incorporation). This means you have nine whole months to get your records together, seems like a long time doesn’t it, but when you’re running a business this time can fly by and before you know it there is only a month to go.
At VT Accountancy, it is our role to ensure that you stay on target and meet these deadlines.
Hand your records over to us, it doesn’t matter what your records look like, as long as we receive them within at least a month of your statutory filing deadline we will ensure that the deadline your filing deadline is met.
We will not only prepare your accounts, we will review with you how your business is performing finance wise and, if needed, provide tips and suggestions on how you can improve and perfect your current bookkeeping systems to make it work for you.
It won’t be just a yearly letter or phone call you receive from us regarding your year end accounts, we will be in touch throughout the year to ensure you are kept up to date with all the coming tax and statutory regulations. This advice is of no use in hindsight and that is why we pride ourselves on ensuring our clients are always up to date with the knowledge they need to run a successful business.