13 Months Account

13 months account

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I was discussing with a new propective client whose returns was recently submitted to the companies house.

However, taking a cursory look at the returns filed, I noticed that the former agent filed accounts spanning 13 months instead of the normal 12 months trading period.

Can I file an amended returns?

Replies (10)

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By johngroganjga
30th Aug 2016 07:38

What was the company's accounting reference date at the time the accounts (which is what I assume you mean by "returns") were filed, and were they made up to that date or some other date?

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Replying to johngroganjga:
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By tadeorija
30th Aug 2016 08:18

The company was incorporated on 01/05/2015 and the account submitted was for the period 01/05/2015 to 31/05/2016.
However, the client said they wanted the period to end 30/04/2016

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Replying to tadeorija:
By johngroganjga
30th Aug 2016 08:38

Quote:

However, the client said they wanted the period to end 30/04/2016

But did they change the a.r.d.?

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By tadeorija
30th Aug 2016 08:15

The company was incorporated on 01/05/2015 but the account prepared and submitted was for the period 01/05/2015 to 31/05/2016

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Replying to tadeorija:
By johngroganjga
30th Aug 2016 08:25

Yes but I asked what the accounting reference date (on the company's record at Companies House) was.

If the company was incorporated on 1 May 2015 it will have acquired an accounting reference date of 31 May by default, although it had the option of changing it to another date by notifying Companies House.

If it did not exercise its option to change the accounting reference date from 31 May to something else the first accounts will have covered the period from incorporation to 31 May 2016 - exactly as you have found.

If you told the prospective client that his company's previous accounts were made up to the wrong date you will probably never hear from him again.

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RLI
By lionofludesch
30th Aug 2016 09:34

Couple of practical points ... Why does the director want to go to the expense of re-preparing accounts for a 12 month period ? And how did he not notice this "error" when he signed them off ?

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Replying to lionofludesch:
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By jndavs
30th Aug 2016 09:49

To avoid preparing that extra CT600 obviously.

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Replying to jndavs:
RLI
By lionofludesch
30th Aug 2016 10:15

Quote:

To avoid preparing that extra CT600 obviously.

[chuckle]

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RLI
By lionofludesch
30th Aug 2016 09:36

SPT post

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By Vaughan Blake1
30th Aug 2016 14:23

On the basis that what's done is done, why not just change the ARD to 30 April 2017 ie do 11 months accounts next time around?

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