Remember to plan ahead. Do not leave it until the last minute. The quickest and easiest way to file your accounts is online. The online service has built in checks to make sure all the necessary information is entered before you submit. If you feel confident, you can file your accounts yourself. There are a range of software products that can help you to prepare and file. Many companies will choose to use a professional such as an accountant to act on their behalf.
As well as filing for you, a professional can offer business and financial advice to help you make the right decisions. For guidance on running a company and your responsibilities as a director, see our bitesize webinar series.
Tags: Accounts. Comment by Rodger Pressland posted on on 09 September Companies House goes on and on about filing accounts online and yet charitable companies and LLPs are still not provided with the facility to do this. Is there any plan to rectify this?
Comment by Sharon Dennett posted on on 28 September The required data should be entered to ensure the accounts are completed correctly prior to submission. Where exceptions exist an Exception Report tab will be displayed within the Tag Editor once the accounts are displayed. The Exception Report includes iXBRL critical exceptions which MUST be cleared prior to the accounts being submitted to Companies House additionally other general exceptions that would have otherwise been reported had the accounts been generated via Reports Annual will also be included.
If changes to the content of the accounts are needed, close the Tag Editor and make the necessary changes then re-generate the accounts repeating the steps above. When changes are made to postings, data screens, iXBRL tags the Reports Finalised status is removed, this will therefore need to be reset prior to the account being re-generated as explained above. Once the accounts have been generated the Tag Editor will appear displaying the accounts with all tagged items highlighted in green when accounts for a client are first generated all items which show as being tagged are those which have been pre-tagged by default.
The accounts should then be reviewed to identify any additional report items which are required to be tagged. A Warning Report tab will be included within the Tag Editor to provide suggestions of areas which may need tagging where items are identified within specific areas of the accounts. Warnings are NOT provided for all items which require tagging and those which do appear do NOT indicate an item must be tagged. It is not possible to pre-tag a complete set of accounts due to the flexibility which Accounts Production provides.
Select Show Taggable Items to highlight in blue all other report items which are allowed to be tagged. To confirm if a report item is expected to be tagged use the Mapping Control which is docked on the right of the Tag Editor window to search the taxonomy.
Where a concept is identified as being relevant to the report item in question if that concept is in BOLD within the Taxonomy that indicates it is included within the minimum tagging list so tagging should be applied. A date of signing each report MUST also be entered. The Tag Editor will need to be closed and the relevant data entered. Select Client View and enter the Registered number on the Basic tab. Once the accounts have been reviewed, all tagging is complete and all critical exceptions and errors have been cleared the accounts MUST be validated.
Validation can either be performed independently by selecting Validate from within the Tag Editor or will occur automatically when selecting iXBRL finalised. Validation performs a series of checks on the iXBRL tagging which has been applied to the accounts to make sure all selections are valid. Where errors are identified a Tag Errors tab will appear within the Tag Editor displaying which report items are in conflict.
Click the Create Submission icon to submit the financial statements electronically to Companies House. If the Create Submission icon is disabled and cannot be selected this indicates that there are still outstanding errors or exceptions or missing data and the accounts have not been marked as iXBRL finalised.
When selected a choice is given to Submit Now or Submit Later. The generated accounts will be submitted to Companies House. Once submitted, a message is displayed to confirm that the accounts have been Transmitted Successfully. At this stage this does not confirm the Accounts have been Accepted. Once the accounts have been transmitted the Tag Editor is automatically closed. Once accounts have been submitted to Companies House the submission status will be updated to SENT and the event logged with the date, time and user whom submitted the accounts.
This prevents the need to re-generate the accounts within the Tag Editor. Once a copy of the accounts has been created the Tag Editor will close automatically. You can register for online filing if you do not have them. If you have a private limited company that does not need an auditor, you could use the company accounts and tax online CATO service to file your Companies House accounts and HMRC company tax return together.
You can send us most types of accounts using third-party software. See our online filing guidance. The automatic extensions granted by the Corporate Insolvency and Governance Act have come to an end. The automatic extensions granted by the Corporate Insolvency and Governance Act will come to an end for filing deadlines that fall after 5 April Updated guidance in accordance with the end of UK transition.
This revised version of the guidance covers these changes and streamlines the guidance by removing information that is outdated or no longer relevant. Check what you need to do. To help us improve GOV. It will take only 2 minutes to fill in. Cookies on GOV.
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