Short period accounts

Short period accounts

Didn't find your answer?

Client has changed its accounting date resulting in a short period of accounts.

Should the accounts be:

"Period from xx to xx"

"Period ended xx"

"x months ended xx"

David

Replies (8)

Please login or register to join the discussion.

By johngroganjga
03rd Sep 2014 19:14

Not the middle one because it doesn't specify the period.

Either of the others depending on your preference. Mine would be for the last one.

Thanks (0)
avatar
By james3
03rd Sep 2014 19:20

Do what the HMRC one says...

Period of accounts

Start date: xxx

End date: xxx

http://www.hmrc.gov.uk/CT/getting-started/intro/sample-abbr-accs.pdf

Thanks (0)
Replying to atleastisoundknowledgable...:
By johngroganjga
03rd Sep 2014 20:12

Disagree

james3 wrote:

Period of accounts

Start date: xxx

End date: xxx

http://www.hmrc.gov.uk/CT/getting-started/intro/sample-abbr-accs.pdf

Wouldn't dream of it. Find it clumsy and inelegant. Hardly surprising given the source.

Thanks (0)
Replying to johnhemming:
avatar
By james3
03rd Sep 2014 20:24

Kind of agree

johngroganjga wrote:
james3 wrote:

Period of accounts

Start date: xxx

End date: xxx

http://www.hmrc.gov.uk/CT/getting-started/intro/sample-abbr-accs.pdf

Wouldn't dream of it. Find it clumsy and inelegant. Hardly surprising given the source.

It's not my favourite drafting but at least you know they'll accept it.

Personally I would go with "for the period xxx to xxx".

Thanks (0)
RLI
By lionofludesch
03rd Sep 2014 19:22

Depends

Yes, either the first or last option.  If it's not an exact number of months - it's got to be the first.

Thanks (0)
By johngroganjga
03rd Sep 2014 20:37

Frankly I'm not interested in what HMRC do or do not "accept" when it comes to accounts. It's none of their business.

Thanks (3)
Replying to Maslins:
RLI
By lionofludesch
04th Sep 2014 09:12

A little unfair

johngroganjga wrote:
Frankly I'm not interested in what HMRC do or do not "accept" when it comes to accounts. It's none of their business.

Start date and end date are the boxes you have to complete but, when you print the accounts off, they are "for the period ended .....".

Even if they're for a year. 

Both the HMRC and CoHo site templates are riddled with such errors.  "Directors" where there's only one director is another.

Thanks (0)
The triggle is a distant cousin of the squonk (pictured)
By Triggle
03rd Sep 2014 20:41

I would go with "Period Ended

I would go with "Period Ended xxx" as the page headers but have the period from and to noted in the P&L headings for the current figures and the "Year to xxx" over the comparatives.

Also the directors' report would specify the period the accounts covered (I presume we are talking limited company here).

Thanks (0)