Submitting company annual accounts for your limited company is a legal requirement, but it can seem like a stressful task. This is what you need to do.

Company accounts include full (statutory) annual accounts and your company tax return (CT600). Statutory accounts are annual financial records prepared at the end of your company’s financial year and sent to shareholders, Companies House, and HMRC.

There are penalties for filing your report late, ranging from £150 for filing under a month late, to £1,500 for filing more than six months late.

Preparing a company accounts requires hiring professional accountants, in need of a professional accountant contact Cangaf Accountants today.

All limited companies must file their company accounts every year. It is a legal requirements.