The first account must be filed in 21 months after registration with Companies House.
HMRC may charge a penalty of up to £3,000 per tax year for a failure to keep records or for keeping inadequate records.
A company or association may be ‘dormant’ if it’s not doing business (‘trading’) and doesn’t have any other income, for example, investments.
Yes. You must file your confirmation statement (previously annual return) and annual accounts with Companies House even if your limited company.
In most cases, overseas companies are required to send accounting documents to Companies House. The accounting documents an overseas company delivers will depend on the following circumstances,
An AGM is a mandatory annual meeting of shareholders. At the AGM, your company will present its financial statements (also known as "accounts") before the shareholders (also known as "members") so that they can raise any queries regarding the financial position of the company.
All companies incorporated in Singapore which are either limited or unlimited by shares (except exempted companies) are required to file their full set of financial statements in XBRL format according to the recent guidelines released by ACRA (Accounting and Corporate Regulatory Authority) Singapore June 2013.
XBRL is an acronym for eXtensible Business Reporting Language. Financial information is converted to XBRL format then, sent to and fro between business entities. Singapore government has mandated it for each Singapore company to file its financial statements only in XBRL format. The analysis of the data, thus, accumulated gives accurate information about the trends in finance.
The financial year end (FYE) of Singapore is the end of the fiscal accounting period of a company which is up to 12 months.
Generally, a private limited company is required under the Companies Act (“CA”) to hold its AGM once in every calendar year and not more than 15 months (18 months for a new company from the date of its incorporation).
Financial statements no more than 6 months old must be laid at the AGM (section 201 CA) for Private limited companies.
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