The important things about running a limited company
Running a limited company has many pitfalls and responsibilities. One of the most important is to file statutory accounts with companies house and HMRC.
Filing accounts and CT600
This is an annual requirement consisting of a set of abbreviated accounts filed with companies house and a full set of accounts filed in the form of a CT600 with HMRC.
It ties in with the companies accounting period which will often be different from the main fiscal tax year. You should check with companies house or us if you are not sure of the company year-end.
Sadly there is an instant penalty from companies house for late filing, so its always good to plan ahead.
Although it is possible to file these yourselves, particularly the abbreviated accounts we would always advise you use a professional accountant. The document filed is a public document and must be factual. More complicated are the full accounts filed with HMRC. These determine the amount of corporation tax due, again it must be factual and preparation by a professional accountant is advisable.