What are Trading Accounts?
All UK Companies must ensure that they submit Accounts to Companies House on a yearly basis. Depending on whether your company has traded or not depends on which accounts you will need to file. If the company has traded, you will need to file trading accounts for the company. Submitting Trading Accounts to Companies house proves that a company has been trading.
When do they need to be filed?
The Accounts of a company are usually due to be filed on the last date of the anniversary month – eg, company set up on 12 May 2015, Accounts will be due for filing on the 31 May 2016. You have 9 months from the Accounts due date to file your Accounts on time, if it is not filed within this period your company will not be in good standing and could incur penalties.
You can also apply to change the Accounting Reference Date (date the Accounts are due to be filed)
How do I file them?
To file your Accounts, you will be required to provide three sets of original signed trading accounts. The Accounts are then sent to Companies House for them to update the company’s records.
If you would like assistance with preparing your accounts, we can refer you onto an accountant who may be able to assist you.
How long do they take to be accepted?
The Trading Accounts have to be submitted to Companies House by paper. Once Companies House have received the original Trading Accounts, it takes around 5 working days for them to be accepted and updated.
We monitor the application to make sure that there are no problems with the accounts. You will receive email confirmation once the Trading Accounts have been accepted.
If you require assistance with filing your accounts, please click the link below.Filing Trading Accounts at Companies House