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Producing accounts 4 days short of the year end

Is there any reason to produce accounts that don't match the reference period?

Didn't find your answer?

Just wondering if anyone knows the answer. Companies House will allow accounts to be filed if prepared to a year end 7 days either side of the reference period. Does anyone do this and what reason might you have? It would seem a strange thing to do as VAT returns, suppliers statements etc wouldn't necessarily agree with the year end accounts (without a bit of extra work). 

Thanks everyone for the replies.

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By Ben McLintock
01st Jun 2020 12:33

Some prefer to end on a specific week day e.g. Sunday.

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Hallerud at Easter
By DJKL
01st Jun 2020 12:40

Big supermarkets do it because they want same exact numbers of weeks in each set of accounts.

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By Wanderer
01st Jun 2020 12:40

To get 52 weeks in a reporting period.

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Replying to Wanderer:
RLI
By lionofludesch
01st Jun 2020 15:17

Or 53.

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By johngroganjga
01st Jun 2020 12:43

To always count stock on the same day of the week, presumably for convenience.

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By Sandnickel
01st Jun 2020 16:30

In my experience as others have said, this is usually due to internal cut off procedures. You can also calculate the VAT returns to specific dates so they can match the period reporting.

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Replying to Sandnickel:
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By paul.benny
01st Jun 2020 16:52

Although largely a formality, you do have to get agreement from HMRC to non-standard periods

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Replying to paul.benny:
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By Richard Grant
01st Jun 2020 19:33

That was something I wondered about.

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