Can a fianl set of accounts be filed before the year end

Can a fianl set of accounts be filed before the...

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One of my clients who has a limited company wishes to dissolve his company as he is moving to another tax jurisdiction to work. He will probably have a corporation tax liability for his final accounts for part of the year. He wants to pay his tax liability file all accounts and close the company. I believe he can file a corporation tax early but what about his company accounts?

I suppose he can file his corporation tax early and pay it and then nobody will object if he then applies to strike off his company.

I that right?

Replies (11)

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By tom123
05th Dec 2015 11:09

Why not shorten the year

Any reason why you can't shorten the final year, and then file in the usual way?

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By johngroganjga
05th Dec 2015 12:07

Yes - shortening the accounting period is what you need to do. Obviously you can't prepare accounts up to a date in the future. They would be a forecast, not accounts.

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RLI
By lionofludesch
05th Dec 2015 14:12

Why file ?

Depending on whether the company has any remaining assets and, if so, how they are to be distributed, the company may well have no obligation to submit accounts to Companies House.

But - again - the way the question is framed, no it can't.

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By petersaxton
05th Dec 2015 14:19

Tax

The company has made a profit so the accounts will have to be prepared for HMRC.

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Replying to bernard michael:
RLI
By lionofludesch
05th Dec 2015 14:36

Indeed

petersaxton wrote:

The company has made a profit so the accounts will have to be prepared for HMRC.

Indeed.  But filed at Companies House ?   I think not.

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Replying to Tax Dragon:
By petersaxton
05th Dec 2015 15:53

Editing OP

lionofludesch wrote:

petersaxton wrote:

The company has made a profit so the accounts will have to be prepared for HMRC.

Indeed.  But filed at Companies House ?   I think not.

The OP has been busy editing his post so some comments seem strange.

Of course he doesn't need to file accounts at Companies House but the OP didn't mention Companies House earlier.

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RLI
By lionofludesch
06th Dec 2015 14:38

Ah !! I see.

Well, it is, of course, quite possible that conventional published accounts might not be needed if the timing is such that the company can say it is in liquidation at the time of submitting the CT600.

Indeed, drifting off at something of a tangent, given the impact of FRS102 and FRS105, it may well be that accounts become of little relevance to HMRC and they rely far more on the expanded information required in the computations section of the CT600.

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By petersaxton
06th Dec 2015 17:50

Hasn't it always been the case that HMRC can expect "accounts" in any logical format.

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RLI
By lionofludesch
07th Dec 2015 17:19

Yes

Indeed it has.  I've always wondered why they want the statutory profit and loss account when all the exciting details are in the "improved" version in the computations.

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Replying to Wanderer:
paddle steamer
By DJKL
07th Dec 2015 17:32

Prevailing public perception of accountants

lionofludesch wrote:

Indeed it has.  I've always wondered why they want the statutory profit and loss account when all the exciting details are in the "improved" version in the computations.

Explains the prevailing public perception of accountants when you describe more detailed accounts information as "exciting"

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By petersaxton
07th Dec 2015 20:20

As if anybody cares

It's what you do not what you discuss on public forums.

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