My client has a 31 March year end. We are unlikely to meet the 31 Dec filing deadline due to personal circumstances (his not mine). I don't think Companies House will give an extension as I know they can be very unsympathetic and they will not consider that his circumstances warrant an extension (it relates to illness of a close friend, not family).
But I know if I change the year end the filing deadline is extended. Can someone please remind me how this works. If I extend the year end to say 6/4/12 I can still do accounts to 31/3/12 as it is within 7 days of the year end and the filing deadline will be extended to ....?
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as I understand it
Yes indeed you can, however u couould shorten to 29 Feb and then do a one month period to 31 March.
Always try and shorten rather than extend as you can shorten as many times as you like, but only extend once every 5 yrs.
What about this...
My client has year end 28 Feb (29 th this year) but has missed the filing date for all sorts of reasons. Is there any way round this? How about extending? Or are we too late to extend?
Sorry
The trick only works if you change the year end date BEFORE the filing deadline.
David
You get ...
... nine months from the end of the accounting period. So you would gain 6 days moving to 06/04/12, they would be due 06/01/13.
I have a company with a 25th March year end, not prizes for guessing when these are due!
Shortening will not help as you are past the filing deadline for end of February accounts!
Don't overlook
OGA don't overlook s442(4)(b) Companies Act 2006!
So shorten the accounting reference period by one day, then file the accounts for the original date (as it falls within 7 days of the (new) actual accounting reference period end - see s390(3)(b)) within 3 months of the date of your notice of the change of year end date made under s392 - result happiness!
But the s392 notice has to be filed BEFORE the deadline for filing the accounts (calculated before the change of year end) - see s392(4), which is why the trick cannot now be used for the year to 28 (or 29) February 2012.
David
Form AA01?
Is this what we use to do this? And it can be done online. Please say this is correct!!
twice
having just moved the year end of a company from 30 November 2011 to 28 November 2011 (the accounts were originally due by 31 December 2012, due to having been moved back once previously, so we were just coming to the end of the 3 months), the due date has just been changed to 24 December 2012 (Overdue).
Ooops.
Does s442(4)(b) Companies Act 2006 not apply the 2nd time around?
Clarification, please
Are you saying the Accounting Reference Date was 30 November originally. The accounts to 30 November 2011 were originally due by 31 August 2012 - but on or shortly before 31 August 2012 you filed a change of accounting date?
Surely that would give you until a date of (at best) 30 November 2012 to file the accounts? That period has now expired.
I don't understand how you obtained a due date of 31 December 2012.
Clearly I have misunderstood something here!
David
unclear
Sorry David, I didn't express myself very well.
What I meant to say was:
1) ARD 31/12 and thus accounts due 30 September
2) On 30 September, ARD changed to 30/11, and due date extended 3 months to 31 December
3) On 30 December, changed the ARD to 28/11, and somehow, the due date is showing on CH as 24 December (Overdue)
Thanks for that
Thanks for the clarification.
I have not heard of anyone repeatedly shortening an accounting period and so repeatedly delaying the due date for filing.
The logic of that would suggest that - if taken to the extreme - one could delay the due date for filing by over 90 years (by, every three months, filing a change of accounting date shortening the period by one day).
I don't know of any reason in law why you cannot shorten the same accounting period more than once, and so obtain the three month extension starting from after the date on which the accounts were ORIGINALLY due to be filed. But I don't suppose that was the legislative intention!
I think you need to speak to CH to see where the date of 24 December comes from (I have no idea how they got that!)
Good luck!
David
Just seen this ....
Thanks for the clarification.
I have not heard of anyone repeatedly shortening an accounting period and so repeatedly delaying the due date for filing.
The logic of that would suggest that - if taken to the extreme - one could delay the due date for filing by over 90 years (by, every three months, filing a change of accounting date shortening the period by one day).
I don't know of any reason in law why you cannot shorten the same accounting period more than once, and so obtain the three month extension starting from after the date on which the accounts were ORIGINALLY due to be filed. But I don't suppose that was the legislative intention!
I think you need to speak to CH to see where the date of 24 December comes from (I have no idea how they got that!)
Good luck!
David
@ David, surely the second year would become due, the extension would apply to the first year only, so theoretically the second year could be due before the first!
aiwaters - you only get one extension of the filing date
for example, in your case you shortened to 30 November and filing deadline was extended to 31 December.
Let's say, you immediately shortened the year end a second time to 23 November, your filing deadline would then become 23 December, a week earlier than after the first shortening.
Depending on the dates used (ie second date you shortened to and date you did it), this will affect your filing date.
If you get close to the filing deadline and you shorten the second time, you will find your accounts are overdue, which is what has happened in this case.
thanks Tony
that does seem to be what has happened. Although I'm somewhat unsure why the legislation means that you can only get one extension...
Change of Date
If a company with a 31st May 13 year end with a current deadline day 18th Feb 14. Today being the17th Feb 14. If I change the year end date to 30th May 13 by tomorrow it will give a 3 month extension on the deadline to 18th May 14 to file the accounts? This is the companies first set of accounts and date has not been changed before.
As the date is within 7 days of the previous date we can still file the accounts to 31st May 13? Is this correct?