A company accounting reference date is important when come to preparing statutory accounts. The accounting reference date is effectively the financial year end date for a company and its statutory accounts are to be prepared up to the accounting reference date.
Companies House may reject statutory accounts filed with the accounting period differ from that of their records. Therefore, the company must file the new form AA01 Change of Accounting Reference Date (Form 225 valid up to 30 September 2009 only) with Companies House, whether to shorten or extend its accounting period in order for it to takes effect. The extension of the accounting period should not be more than 18 months.
However, the director may not change the accounting period for which the statutory accounts are already overdue.
In addition, the company may not extend its accounting reference date more than once in five years unless its meet certain criteria.
We suggest you contact one of our qualified accountants if you are not sure about the filing procedure to Companies House.
Canterbury Accountancy - Helping companies to comply with Company Law.
