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End of first year accounts

southwesttwo started this topic @ 15:18 on 27/03/2008

Hi there,

I'm wondering whether anyone can help me. I set up my limited company in May last year and have been doing my own book keeping and VAT returns. The company has not made any profit and the turnover has been minimal (less than £5000). Will it be possible for me to submit an end of year CT600 form to HMRC and the other paperwork to Companies House, or do my books need to be audited by a Chartered Accountant?

Your help is greatly appreciated.

Many thanks

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RE: End of first year accounts

#219960

Peter W | 29/03/2008 10:40 AM

Unless your business is in a regulated sector (eg insurance, banking, financial advice), and unless another shareholder holding at least 10% of the shares requests it, then you don't need to have your books audited by a Chartered Accountant. However it would be sensible to ask an accountant to prepare your accounts and tax return (much cheaper than an audit), or at least look over what you have done.
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www.brighton-accountants.com

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RE: End of first year accounts

#220164

southwesttwo | 13/04/2008 06:41 AM

Thank you so much, and sorry for my late reply, I have been out of the country.

Kindest regards