Late NARD

P

paulos

Guest
Hi there, looking for some quick advice. I used to contract but took a permanent job two years ago. I finished up with my accountant 6 months back when my accounts were in order but at the moment, put the closing of my limited company on the back burner. Anyway my NARD was due on the 10th July 2011. So I am now later with the filing. I have managed to register myself on CRO with a view to completing the B1 on my own but my question is do I need to get somebody to audit my accounts. For my 2010 year, I have no trading and so no accounts. In this instance I was thinking of loading a balance sheet showing the original shares but it seems a bit unnecessary. Was wondering what is the minimum requirement where the company is not trading and in the situation where I am a bit late, do I need to have audited accounts. If so, I am paying somebody to sign their name only, Anyway, would appreciate your advice,

Paulos
 
Hi

Yes, as your return is late, your accounts will need to be audited, unfortunetly, even if the company was not trading at all.

They will also have to be registered next year as well, so if you get them sorted this year, you should probably strike the company off.
 
As you are late filing your annual return, you must have your accounts audited. You lose the entitlement to the exemption once you are late in filing.
 
Is there not also a penalty of about 100 euros a month for late filing ? You better close that company (liquidate or strike off ) asap once you've got filing in order.
 
oldnick said:
Is there not also a penalty of about 100 euros a month for late filing ? You better close that company (liquidate or strike off ) asap once you've got filing in order.
Click to expand...

you've 28 days to file (after the ARD), then €100 the first day it is late, plus €3 per day afterwards along with the filing fee of €20 or €40 depending on the filing method.
 
Plus the cost of getting an auditor to do an audit. As more companies become audit exempt less practices are doing audits. It's a very severe penalty on a small non trading company.
 
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