Mrs Vanecamp
Registered User
- Messages
- 47
Just a quick question for someone in practice - sorry if it's been covered already.
I have to submit a set of accounts to the CRO for a new company (first return with accounts)
The company was set up on 17/12/08, so should I submit accounts for a year and 2 weeks? (December Year End would be easiest going forward) under the heading "54 Week Accounting Period Ended 31/12/09"?
Just doesn't sound right to me
I would suggest to the OP that they file 13 months accounts with the B1 return. I don't see the point in using Form B73 to extend the annual return filing date. The Form B73 facility can only be used once every five years, so it is best not to use it unless absolutely necessary.
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The only reason she will need b73 in future is if she changes accounting year end
That's correct and I agree with the broad thrust of your logic, but I still think that the B73 option is a handy safety net to have. It can prove very useful if there are unexpected delays in finalising the accounts, delays in obtaining info from banks etc, or if she simply makes a mistake and doesn't leave enough time to prepare accounts in advance of a CRO deadline. As it can only be used once every 5 years, its important not to waste it.
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