Companies House has issued a news update targeted at companies who are due to file accounts by the end of September 2023. Generally, this would be for accounts ending 31 December 2022.
In their update they said:
All limited companies, whether they trade or not, must deliver annual accounts to us each year. This includes dormant companies.
Running your own company can be exciting but also challenging. Directors have lots of responsibilities including keeping company records up-to-date and making sure they are filed on time. You need to understand your role as a director, the importance of remaining compliant and how late accounts filing could affect your company.
Missing your filing deadline could affect your credit score or access to finance. It can affect how others view your company and whether they want to do business with you. There are also financial penalties and legal consequences – you could get a criminal record, a fine or disqualification.
If you file using Companies House online services, we will send you an email to confirm we have received your accounts. We will send you another email when we have registered your accounts.
The penalties for late accounts filing are:
| Length of period (measured from the date the accounts are due) | Penalty for a private company or LLP | |
| Not more than 1 month | £150 | |
| More than 1 month but not more than 3 months | £375 | |
| More than 3 months but not more than 6 months | £750 | |
| More than 6 months | £1,500 |
