LTD company accounts & taxes question...

[ireneroderick]

Hi,

I have some some very basic questions with regard to my LTD company filing dates and requirements.

Up until now my accountant has done absolutely everything with regard to my Corporation Taxes and year end accounts and I haven't had to think much about dates and what needs doing when....

I will be changing accountants but would first like to have a thorough understanding as to what all my file dates and requirements are - but I'm a little overwhelmed and would love any help / clarification (it might all very obvious to some and for that I apologise in advance, but want to be 100% sure!)....

Here's my company's details (along w/my questions) :

Date of incorporation 05 June 2010

Accounting Reference Date: 30 June
Last Accts made up to: 03 June 2011
Next Accounts due: 31 March 2013
Last Return made up to: 05 Jun 2011 - what is this and why does it differ to my Acct Ref date?
Next Return due: 07 July 2012

I presume the above refers only to my year end accounts (?), so will my CT600 also need to be filed for the same Accounting Period (1 Jul - 30 Jun, and also due 31 March)?

The confusion for me comes in when I've read that the accounting dates are 06 Apr - 05 Apr (which is of course diff from my Acct period)- or do these dates only refer to personal self assessment?

Thanks a million in advance for anyone patient enough to respond!

Irene x

[antonycc]

Hello,

The good news you appear to be up-to-date with Companies House and apart from the annual return (which is pretty trivial) you have the rest of the year to prepare your next submission. More details...

Last Return made up to: 05 Jun 2011 - what is this and why does it differ to my Acct Ref date?

This is your "Annual Return" which contains thinks like a list of shareholders and your registered office location. Companies House want this around the anniversary of your incorporation:

Date of incorporation 05 June 2010

The Companies House form is a web form with no accounts and Companies House charged £15 to file this last year.

Next Return due: 07 July 2012

Your next Annual return one is due in about 6 weeks and you can start filling it out on the 5th of June 2012. Use the time to ensure you are registered with the Companies House website for online filing.

so will my CT600 also need to be filed for the same Accounting Period (1 Jul - 30 Jun

Your year end is usually rolled forward to a month end so your first annual accounts would normally cover 5th June 2010 through 30th June 2011. HMRC want no more than a year's accounts so often in your first year you file 2 returns but this can be avoided if you didn't start trading right away.

This is bit:

Accounting Reference Date: 30 June
Last Accts made up to: 03 June 2011

Suggests the first accounts were filed covering the period 5th June 2010 through 3rd June 2011, so you'll be filing 4th June 2011 through 30th June 2012. I suggest you find out what CT600 submissions HMRC have received, then file all accounts (HMRC and Companies House) up to the period ending 30th June 2012, after this you'll be submitting the same accounts for the same period to both.

06 Apr - 05 Apr (which is of course diff from my Acct period)- or do these dates only refer to personal self assessment?

Yes. If you have employees these dates are also the payroll year.

It's a good idea to get your company accounts in order for the period ending June 2012 before the Self Assessment deadline in January 2013 as your personal tax affairs will need to record dividends you received too.

Thanks,

Antony.