Company Filings & Requirements

Limited Company Accounts Filing Requirements

This blog is aimed to help you understand the account filing requirements for all limited companies in the UK. You can see below that there a different filing requirements for the various sizes of Limited Companies:-

Small Companies

1. What are the account filing requirements to qualify as a small company?

A small company must meet at least two of the following conditions:

                 

·         Annual turnover must be not more than £6.5 million;

·         The balance sheet total must be not more than £3.26 million;

·         The average number of employees must be not more than 50.

Companies that qualify as small sized companies are not required by Companies House to file a profit and loss account. They are required to file a balance sheet, directors report which is signed by a director and an auditors report. Public companies and companies within certain financial services cannot be categorised as Small Companies

Medium Companies

2. What are the account filing requirements to qualify as a medium-sized company?

To be a medium-sized company, you must meet at least two of the following conditions:
 

·         annual turnover must be no more than £25.9 million;

·         the balance sheet total must be no more than £12.9 million;

 

·     the average number of employees must be no more that 250.

Companies that qualify as medium sized companies are obliged to file profit and loss accounts (with the exception of turnover), balance sheet, group accounts if applicable, directors report which is signed by a director and an auditors report. Public companies and companies within certain financial services cannot be categorised as Small Companies 

Large Companies

3. What are the account filing requirements to qualify as a large company?

To be a large company, you must exceed at least two of the following conditions:

· annual turnover must be more than £25.9 million;

· the balance sheet total must be more than £12.9 million;

· the average number of employees must be more that 250.

Companies that qualify as large companies are obliged to file profit and loss accounts, balance sheet, group accounts if applicable, directors report which is signed by a director and an auditors report.

Creditserve offer the ability to access all company documents via our online shop on a pay as you go basis. We are also providers of business information, business credit reports, consumer credit reports, AML reports and debt recovery services so if you have any requirements whatsoever please visit www.creditserve.co.uk to view all of our products and services.

This blog was written by Martin Brown (Senior Account Manager) on the 19 December 2012. If you would like to discuss anything you have read or would like any advice relating to business information please feel free to contact me on 01992 414222 or martin@creditserve.co.uk