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Late Filing Penalties - GBA5
Contents

 
Introduction

1. Late filing penalties explained

2. How to avoid late filing penalties
3. Once a late filing penalty has been imposed
4. Further information
This is a guide only and should be read with the relevant legislation.

Introduction

All companies - private or public, large or small, trading or non-trading - must send their accounts to the Registrar of Companies every year. If accounts are delivered late, the Registrar will impose an automatic penalty.

This booklet explains late filing penalties in more detail. It includes advice on how company directors can meet their filing obligations without incurring a penalty.

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CHAPTER 1
Late filing penalties explained


1. What are late filing penalties?

Late filing penalties were introduced in 1992 to encourage directors of limited companies to file their accounts on time because they must provide this statutory information for the public record. Section 242A of the Companies Act 1985 says that penalties will be imposed on any company that delivers its accounts to Companies House after the period allowed for filing. ('Statutory' means by law.)

2. How much are the penalties?

That depends on how late the accounts reach the Registrar, as shown in this table:

 

Length of delay, measured from
the date the accounts are due
Private
Company
Public
Company
3 months or less £100 £500
3 months and one day to 6 months £250 £1,000
6 months and one day to 12 months £500 £2,000
More than 12 months £1,000 £5,000


3. How long do I have to file my company's first accounts?

If you are filing your company's first accounts and they cover a period of more than 12 months, they must be delivered to the Registrar within 22 months of the date of incorporation for private companies and 19 months for public companies. The definition in the box below of a period of months in connection with filing the accounts also applies to the first accounts. For example, a private company incorporated on 1 January with an accounting reference date (ARD) of 31 January has until midnight on 1 November (22 months from the date of incorporation) to deliver its accounts, not 30 November.

4. How long do I normally have to file my accounts?

Unless you are filing your company's first accounts (see question 3 ) the time normally allowed for delivering accounts to Companies House is:
  • 10 months from the end of the relevant accounting period for private companies;
  • 7 months from the end of the relevant period for public companies.
  • If the accounting reference date (ARD) has been shortened, the time allowed for filing the accounts is the longer of:

    - for a private company 10 months (or for a public company 7 months) from the ARD; or
    - 3 months from the date of the notice (Form 225).
The table below shows the dates by which the accounts must normally be delivered. It does not apply to a company's first accounts, if the accounting period is longer than 12 months (see question 3).

 
End of relevant accounting period
(accounting reference date)
Deadline for delivery:
Private companies
Public companies
Jan 31 Nov 30 Aug 31
Feb 28 Dec 28 Sept 28
Mar 31 Jan 31 Oct 31
Apr 30 Feb 28/29 Nov 30
May 31 Mar 31 Dec 31
Jun 30 Apr 30 Jan 30
July 31 May 31 Feb 28/29
Aug 31 June 30 Mar 31
Sept 30 July 30 Apr 30
Oct 31 Aug 31 May 31
Nov 30 Sept 30 June 30
Dec 31 Oct 31 July 31


If your company's accounting period does not end on the last day of a month, then each period ends on the corresponding date in the appropriate month. For example, a private company with an accounting reference date (ARD) of 10 September has until 10 July the following year to deliver its accounts.

Please be aware of the definition of a period of months in connection with filing accounts and the calculation of penalty bands:

 
. A period of months after a given date always ends on the corresponding date in the appropriate month. For example a private company with an ARD of 30 September has until midnight on 30 July of the following year to deliver its accounts, not 31 July.

 
. If there is no corresponding date, the last day of the month will apply. For example, a private company with an ARD of 30 April has until midnight on 28/29 February the following year to deliver its accounts.


Important: if you have any doubts about the deadline for your company's accounts - contact us on 0870 33 33 636 and ask us to confirm when your accounts should be filed.

Remember: it is the date of delivery to the Registrar which is important - not the date of posting.

 
Please note: if a filing deadline expires on a Sunday or Bank Holiday the law still requires accounts to be filed by that date. So you should ensure that they are posted in time to arrive before such a deadline.


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CHAPTER 2
How to avoid late filing penalties


1. How can I avoid penalties?

Allow enough time to ensure that your accounts reach the Registrar within the period allowed in the Companies Act. First-class post is not guaranteed so if the filing deadline is looming, then please consider guaranteed methods of delivery that will ensure that your accounts arrive on time. Remember: the Registrar will not waive a penalty if your accounts are delayed in the post.

To help you file on time:

  • mark your diary or calendar to remind you in good time of the filing deadlines;
  • read the filing reminders we send to your registered office;
  • if appropriate, instruct your accountants in good time and remind them of the need to prepare and deliver your accounts on time.

2. Can the time allowed for delivering the accounts be extended?

If your company has overseas interests, and the financial year begins before 1st January 2005, you may claim a three-month extension by delivering Form 244 to the Registrar before the end of the normal period allowed for filing. (Form 244 cannot be used for financial years which begin on or after 1st January 2005 but an extension to the filing period may still be granted in exceptional circumstance - see below).If there is a special reason for seeking a filing extension, then in exceptional circumstances the Secretary of State may extend the time for filing (see section 244(5) Companies Act 1985 as amended) ...

for companies incorporated in England and Wales:
      Companies Administration Section
      Companies House
      Crown Way
      Cardiff
      CF14 3UZ
      Fax: 029 2038 0652

for companies incorporated in Scotland:
      The Registrar for Scotland
      Companies House
      37 Castle Terrace
      Edinburgh
      EH1 2EB
      Fax: 0131 535 5820

3. What if Companies House rejects my accounts as incorrect?

We cannot accept accounts until they meet the requirements of the Companies Act. If, for example, a signature is missing, they will be returned for amendment. This may result in a late filing penalty if the corrected accounts are delivered late.

To avoid problems, we recommend that accounts are delivered as soon as they are complete and as far as possible in advance of the end of the period allowed for delivery. Please note that facsimile (fax) copies of documents will not be accepted for registration.

 

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CHAPTER 3
Once a late filing penalty has been imposed


1. How will I know when a penalty is due?

If accounts are delivered late, an invoice is issued automatically to your registered office address.

2. What will happen if the penalty is not paid?

The penalty will be referred to collection agents. If it remains unpaid, legal action may be taken which could result in a County Court judgment or a Sheriff Court decree against your company.

3. What happens if a company is restored to the Register?

If a company is restored to the Register after being struck off and dissolved, then it is regarded as having continued to exist as though it had never been struck off. Accounts filed on restoration will be subject to late filing penalties.

In determining the level of any penalty, the period during which the company was dissolved is normally disregarded. For example, a set of accounts that should have been delivered 2 months before a private company was dissolved are still regarded as 2 months late if they are delivered on restoration - the late filing penalty is still £100. (See chapter 1, question 2 for a table listing the levels of late filing penalties.)

Late filing penalties are not normally collected for accounts received on restoration that became due while the company was dissolved.

For more information about restoration, please see our booklet, 'Strike-off, Dissolution and Restoration' or, for companies registered in Scotland, 'Strike-off, Dissolution and Restoration (Scotland)'.

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CHAPTER 4
Further information


1. Do late filing penalties apply to any other documents?

No. Only to accounts.

2. Are late filing penalties the same as fines imposed on directors for non-filing?

No. They are entirely different. Late filing penalties are imposed on the company under civil law. Failure to pay a late filing penalty can result in a County Court judgment (or Sheriff Court decree) against the company. Failure to file accounts is a criminal offence which can result in directors being fined personally in the criminal courts. In addition to the directors being fined, the Registrar may take steps to strike the company off the public record.

Important: Both a penalty and a fine could be payable for the same set of accounts if they are not filed on time, and then delivered late.

3. Does the Registrar have any discretion whether to collect a penalty?

The Registrar has very limited discretion not to collect a penalty. He will only use it in exceptional circumstances.

Remember: Delivery of any document to the Registrar does not take place until Companies House receives it.

Need more information?

If you are in any doubt about when your accounts are due, contact Companies House now (tel: 0870 3333636) or read other guidance from our series. We are here to help and advise. Don't leave it until it's too late.


4. Where do I get forms and guidance booklets?

This is one of a series of Companies House booklets which provide a simple guide to the Companies Act.

Statutory forms and guidance booklets are available, free of charge from Companies House. The quickest way to get them is through this website or by telephoning 0870 3333636.

If you prefer you can write to our stationery sections in Cardiff or Edinburgh.

Forms can also be obtained from legal stationers, accountants, solicitors and company formation agents - addresses in business phone books.

5. How do I send information to the Registrar?

You may deliver documents to the Registrar by hand (personally or by courier), including outside office hours, bank holidays and weekends to Cardiff, London and Edinburgh.

You may also send documents by post, by the Hays Document Exchange service (DX), or by Legal Post (LP) in Scotland. If you send documents, please address them to:

 
For companies incorporated in
England & Wales:
For companies incorporated in
Scotland:
The Registrar of Companies
Companies House
Crown Way
Cardiff CF14 3UZ

DX33050 Cardiff
The Registrar of Companies
Companies House
37 Castle Terrace
Edinburgh EH1 2EB

DX ED235 Edinburgh 1

LP - 4 Edinburgh 2


If you are sending documents by post, courier or Britdoc (DX) and would like a receipt, Companies House will provide an acknowledgement if you enclose a copy of your covering letter with a pre-paid addressed return envelope. We will barcode your copy letter with the date of receipt and return it to you in the envelope provided.

Please note: an acknowledgement of receipt does not mean that a document has been accepted for registration at Companies House.

 
Please note: Companies House does not accept accounts or any other statutory documents by fax.


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