The documents that all UK registered companies – even dormant and small ones -– must deliver annually to Companies House are explained in guidance that has been streamlined and updated to cover changes introduced by ‘The Companies, Partnerships and Groups (Accounts and Reports) Regulations 2015’.
The option for small companies to file abbreviated accounts was removed for accounting periods starting on or after 1 January 2016. In ‘Life of a company: annual requirements’, Companies House explains small companies’ options for filing their accounts.
Micro-entity accounts can be filed via the Companies House WebFiling service by companies that meet at least 2 of the following conditions
- turnover no more than £632,000
- balance sheet total no more than £316,000
- average number of employees no more than 10
Abridged accounts are available for small companies that meet at least 2 of the following
- turnover no more than £10.2m
- balance sheet total no more than £5.1m
- average number of employees no more than 50
(A replacement WebFiling service for abridged accounts is expected to be available by the end of summer. In the transitional period, companies can either use the Companies House/HM Revenue & Customs joint filing service or accredited 3rd party software.)
Joint accounts with Companies House and HM Revenue & Customs are suitable for small companies that are audit exempt and wish to file full accounts with Companies House and HMRC.
The guidance should be read together with the relevant regulations – which it lists – and the Companies Act 2006.
‘File your accounts and Company Tax Return’ links to services to file
- company tax returns for Corporation Tax (CT600) with HM Revenue & Customs
- accounts to Companies House
- tax returns and accounts at the same time