A question that we’re often asked is, “What date should my accounts be made up to?” It’s a very important question, as a company filing its accounts late will get an automatic fine.

Even dormant companies have to file accounts on time – our annual compliance service can help 

Every company must prepare accounts that report on the performance and activities of the company during the financial year. The financial year starts on the day after the previous financial year ended or, in the case of a new company, on the day of incorporation. Financial years are determined by reference to an Accounting Reference Period (ARPs). The financial period ends on the accounting reference date.

For new companies, the first accounting reference date is set as the last day in the month in which its first anniversary falls. The subsequent accounting reference dates will automatically be on the same date each year. A company may make its accounts up to 7 days either side of their accounting reference date.

Here is an example:

As part of our incorporation service we can change the accounting reference date of your company when we form it for you. There is no limit to shortening, and you can extend the date by up to 6 months.

Delivery times for filing accounts:

Here’s an example of filing dates:

For a new company:

Here’s another example for you: