UK Statement Filing
UK Statement Filing simplifies the process of submitting required financial statements in the UK. Ensure compliance and accuracy with UK Statement Filing services.
UK Confirmation Statement Filing
In the UK, companies need to submit their annual financial reports to a government body called Companies House. These reports usually include key financial statements like a balance sheet, a profit and loss statement, and a director’s report. Companies must submit these within nine months of the end of their financial year. If they miss this deadline, they can face fines and penalties.
Almost all companies registered in the UK must prepare these annual accounts for both Companies House and HMRC (the tax authority) every year. These accounts show how the company has performed financially and help calculate how much tax it owes.
The directors of the company are responsible for making sure the accounts are accurate and submitted on time. If a company has a high turnover, it may also need to provide an audit report from an independent auditor, who checks the accuracy of the financial statements.
Filing these reports correctly and on time is crucial because it can affect the company’s credit score and reputation
Late Filing Penalties
Private Companies
Public Companies
Partnership Companies
About Late Filing Penalties
- Late filing penalties were introduced in 1992 to make sure company directors submit their accounts and reports on time, as this information is needed for public records.
- Every company, whether private or public, big or small, trading or not trading, must send their accounts and reports to Companies House each year.
- If you file your accounts late, you will automatically be fined. The time you have to submit your accounts depends on whether they are your first accounts since starting the company or follow-up accounts.
Length of period (Measured From The Date The Accounts Are Due)
Not more than 1 month
More than 1 month but not more than 3 months
More than 3 months but not more than 6 months
More than 6 months
Penalty For A Private Company Or LLP
£150
£375
£750
£1,500
Penalty For A Public Company
£750
£1,500
£3,000
£7,500
