Statutory deadline calculations for Accounts
Article ID
ias-1192
Article Name
Statutory deadline calculations for Accounts
Created Date
22nd January 2004
Product
IRIS Practice Management
Problem
When must I deliver my accounts to companies house? Note: ARD refers to the Accounting Reference Date - which is the period end date for Accounts Jobs in PM.
Resolution
The time normally allowed for delivering accounts is:
- for a private company, 10 months from the ARD
- for a public company, 7 months from the ARD
The time allowed for delivering accounts for Companies with an ARD after 6th April 2008:
- for a private company, 9 months from the ARD
- for a public company, 6 months from the ARD
However if the account reference period has been shortened the time allowed for filing the accounts is the longer of
- for a private company 10 months (or for a public company 7 months) from the ARD; or
- 3 months from the date of the notice (Form 225).
If the company’s first accounting reference period is longer than 12 months the time allowed for delivering accounts is:
- for a private company, 22 months from the date of incorporation or 3 months from the ARD whichever is longer
- for a public company, 19 months from the date of incorporation or 3 months from the ARD whichever is longer.
Please also be aware the definition of a period of months in connection with filing accounts.
A period of months after a given date ends on the corresponding date in the appropriate month. For example a private company with an ARD of 30th September has until midnight on 30th July of the following year to deliver its accounts, not 31st July.
If there is no corresponding date, the last day of the month will apply. For example a private company with an ARD of 30th April has until midnight on 28th February the following year to deliver the accounts.
Note: IRIS does not hold the date of the notice to deliver a set of account (form 225), and thus is this is a factor in determining the statutory deadline for the client in question, the user should key in the adjusted statutory deadline to reflect 3 months from the date on the form 225.
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