I’ve just taken over from a new bookkeeper and our accountant has submitted the latest accounts however when I’ve looked at them I’ve noticed the notes aren’t for full FRS102. They are showing as electronically filed at CH but does anyone know when they would look at these and reject them?
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If they are showing as filed at Companies House then that will be it, in my experience they won't be subsequently rejected.
The amount of non-compliant garbage on there - and I don't mean just trivial oversights - suggests that the checking sample is incredibly low.
It is not Companies House's job to check that accounts are in any way compliant with the relevant accounting standards.
Their job is to check that the accounts uploaded for a company are indeed the accounts for that company, that they exist and don't relate to a different company, that's it.
I would be extremely surprised if, without prompting from someone else, Companies House were to pick up on and object to the fact that your notes aren't FRS 102 compliant. They don't check the balance sheet balances so why would they check that?
The only bit that in the past that ever seemed to get checked was the wording below the balance sheet re old abbreviated sets, nothing much else seemed to matter,
No idea what is their current pet foible.
Once has a set of accounts rejected for wrong company number.
Fly sheet said:-
Abbreviated accounts
for the year ended 31 xxxxx xxxx
for
Bloggs Limited
Company number was correct so difficult to work out the problem. Then noticed that someone at Companies House had handwritten a random number on the cover sheet. Looked that up to find it related to a company called:-
Abbreviations Ltd
!
Although it doesn't apply to accounts filed by internet, their current foible on paper accounts filed by post is to check that the signature is in black ink, not blue. One has to concentrate on the important things in life!
Companies House do reject submissions and are increasingly doing so. See article :
"Is Companies House rejecting more accounts?"
https://www.accountingweb.co.uk/business/financial-reporting/is-companie...
>>>however... as Wanderer says if the accounts are showing as being filed then that is it.
Duggimon is right... as the article states its usually the wrong number or not being able to link the accounts to a registered company or submitting the wrong statements that result in failure.
I had a set rejected last year because I’d not pluralised the company’s middle name.
Another was rejected in 2016 because the from page omitted the front ‘0’ in the CRN, the Balance Sheet included it. Apparently Co Hse thought I wasn’t being clear which company I was referring to
Another was rejected in 2016 because the from page omitted the front ‘0’ in the CRN, the Balance Sheet included it. Apparently Co Hse thought I wasn’t being clear which company I was referring to
What number was on the certificate of registration ?
With or without a leading zero ?