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Final Accounts yearend?

Final Accounts yearend?

Hi All,

I am new in Practice, and I have not come across this before;

Ltd company yearend 30 March.

Company ceased trading on 30th December 2011. Companies House and HMRC has been notified of this date; the VAT registration cancelled at the same date.

I need to produce the final accounts 9 months to 31 December 2011. However, the remaining trade creditors were paid in the first week of January 2012 and payments did not clear the bank until first week of February 2012, I will have creditors on the balance sheet if I produce the accounts as at 31st December 2012 (creditors <£5k).  There are no debtors or assets in the company.  All stock has been sold through normal trade during the year.

The bank account was closed mid February 2012 once all outgoing payments were cleared.

Final Year accounts; Do I produce the final Accounts to 31 December 2011, 31 January 2012, 29 Feb 2012 or full year accounts to 31st March 2012? keeping in mind that HMRC and companies house been given 30 December 2011 as end date.

Many Thanks all you comments are appreciated.



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18th May 2012 14:27

Statutory accounts

"Company ceased trading on 30th December 2011. Companies House and HMRC has been notified of this date"

There is no requirement to notify Companies House of the date the company ceased trading and more to the point, no form for doing it, so I don't know what you mean.  If you intend to submit form DS01 to apply for the company to be struck off the register, Companies House will not be interested in receiving any further accounts (or annual returns).

However, you still need to append statutory accounts to the CT return, so the accounts should be prepared for the year to the statutory accounting date, 30th/31st March (you seem to a bit random about your dates) 2012.  The Directors' Report should mention that the company ceased trading on 30th (or was it 31st?) December 2011.  For corporation tax purposes, the CT accounting period ends on the cessation of trading and you submit the CT600 for the period from 1st April to 30th/31st December 2011.

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