If you’re due to file accounts with Companies House by the end of September, allow plenty of time before your deadline.
All limited companies, whether they trade or not, must deliver annual accounts each year. This includes dormant companies.
Directors have lots of responsibilities including keeping company records up-to-date and making sure they’re filed on time. You need to understand your role as a director, the importance of remaining compliant and how late filing could affect your company.
Missing your filing deadline could affect your credit score or access to finance. It can affect how others view your company and whether they want to do business with you. There are also financial penalties and legal consequences – you could get a criminal record, a fine or disqualification.
Even if an accountant files your company’s accounts on your behalf, it’s still your responsibility, as director, to make sure they’re filed on time.
For further information please select the following link Companies urged to file accounts early to avoid penalties - GOV.UK (www.gov.uk)