Importance of a Limited Company's Accounts
A limited company’s ‘year end’ is the date the company’s accounting period ends. It’s also the date for a limited company to send certain documents to HMRC and Companies House.
As a limited company, if you prepare your annual accounts using the financial reporting standard for micro-entities (FRS 105) then you need to submit 2 types of documents to Companies House: the Statement of Financial Position as well as the Footnotes.
The submission of a limited company accounts are generally 9 months from the close of company accounting year. iXBRL accounts and company tax returns both needs to be filed with HMRC with CT600. Any corporation tax payable also must be paid within 9th month after the end of company accounting year. These accounts must be prepared in accordance to the guidelines set out by Companies House, HMRC and Financial reporting standards.
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