Category: Accounting

Everybody makes mistakes, so just in case you made one while filing accounts with Companies house information given below will be helpful.

Amended accounts can be filed in paper format by sending them via post to Companies house or via software.

Paper process given below:

They should have the word “Amended” on the first page, conspicuously declared.

You must clearly say in your new accounts that they:

• replace the original accounts
• are now the statutory accounts
• are prepared as they were at the date of the original accounts

Please note both original and amended accounts will remain at Companies house i.e. anyone like a supplier, lender or HMRC will have access to both set of accounts.

Sometimes you may wish to amend only a part of the accounts, for example in case you missed to add a note to accounts or incorrect information was mentioned in a note. In that case you can only send a note stating clearly what has changed along with a copy of the original accounts. This is a better idea than sending a full set of amended accounts as it will save effort on the part of the future reader to compare the two accounts to find the amendment.

Where to send the documents?

Companies registered in England and Wales have to send their accounts to Cardiff.

Companies House
Crown Way
Cardiff CF14 3UZ

Lastly, Companies house can also send an acknowledgement of receipt of documents, if you enclose a stamped self-addressed envelope and a copy of covering letter.

Source: Gov.uk link

Check out new HMRC tool to check `how` to register for self-assessment [link].

You must tell HMRC by 5 October after the end of the tax year, if you need to send a tax return and you have not sent one before.

Employment allowance was introduced from 6th April 2014.

Basic guidance

Who cannot claim Employment Allowance

You cannot claim if both of the following apply:

• you’re a company with only one employee paid above the Class 1 National Insurance secondary threshold
• the employee is also a director of the company.

Practice issue

1. An employee starts mid year making the employer eligible for Employment allowance. We need to make the claim and the claim will start from the beginning of the year. see link with examples.

2. An employee leaves mid year making the employer ineligible for Employment allowance. Company can still claim employment allowance for the current tax year but stop from next year. see link

There is no pro-rata of employment allowance, either you get it for full year or not.

A must read publication for all HMRC agents doing payroll Employer Bulletin.

Small companies have to file documents at two places :

1 – Companies house ; and

2 – HMRC

Companies house: two documents

1 – Annual accounts  – Companies house does not charge for filing this document.

2 – Annual return – Companies house charges a single annual charge, information can be updated for free throughout the year by filing further confirmation statements during the payment period.

HMRC: two document

1 – Companies Tax return

2 – Owner tax return

Bonus Material

Group Accounts – A company is exempt from the requirement to prepare group accounts if at the end of the financial year, the company is subject to the small companies regime. source Companies Act 2006 Section 399