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Limited Company Statutory Accounts?

Guest007Guest007 Feels At HomeRegistered Posts: 54
in General accounting discussion
I am a learner. So please pass some knowledge:

1. Accountants submit Abbreviated Accounts to companies house

2. Accountants submit CT600 to tax office.

Don’t accountants submit accounts to HMRC?

And again, what is the dirrence between Accounts and Abbreviated Accounts?

I know I am silly, but I want to know about it.

Regards,

Comments

  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    A full set of statutory accounts HAS to be submitted with the CT600.

    Small companies can opt to submit just abbreviated accounts to CoHo. These are just a balance sheet and a few notes. No profit and loss, unlike full accounts.

    In all cases, full account need preparing.

    I see many cases where companies DIY the abbrv accounts, only to come unstuck when they find they need to file full statutory accounts with the company tax return.
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