How do I file Trading Accounts?
To file your Trading Accounts, you will be required to provide us with three sets of original signed trading accounts.
If you would like assistance with preparing your trading accounts, we can refer you onto an accountant who may be able to assist you.
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.
If the company has not traded, you will need to file dormant accounts for the company.
When do I need to file Trading Accounts?
The Accounts of a company are usually due to be filed on the last date of the anniversary month – eg, for a company incorporated on 12th May 2016 the Accounts due date will be 31st May 2017. You then have 9 months from the Accounts due date to actually file your Accounts. If they are not filed within this period, your company will not be in good standing and could incur penalties.
It is also possible to change the Accounting Reference Date (the Accounts due date). The most common reason this is changed is to match the end of the year or financial year i.e. 31st December or 31st March.
How long does it take to file Trading Accounts?
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. We will send you email confirmation from us once the Trading Accounts have been accepted.