| Section 441 of the Companies Act 2006 requires | | | | year. |
| all companies to deliver annual accounts to the | | | | For Private Companies, late filings; |
| Registrar of Companies by the due date. | | | | Not more than one month; £150 fee |
| Late filing penalties were introduced in 1992 to | | | | More than one month but not more than three |
| encourage directors of limited companies to file | | | | months; £375 fee |
| their accounts on time because they must | | | | More than three months but not more than six |
| provide this statutory information for the public | | | | months; £750 fee |
| record. | | | | More than six months; £1500fee |
| From 1st February 2009 Companies House will | | | | In addition where there was a failure to comply |
| apply increased late filing penalties. | | | | with filing requirements in relation to the previous |
| What changes are being introduced? | | | | financial year (and that the previous financial year |
| - All penalties will be increased to take account of | | | | had begun on or after 6th April 2008), the penalty |
| inflation between 1992 and 2007 | | | | will be double that shown in the table. |
| - A faster rate of increase in penalties for | | | | Ensure your company accounts are prepared |
| companies that file more than one month late. | | | | accurately and filed on time, to avoid any of the |
| - A doubling of the penalty for any company, | | | | charges above. To learn how to avoid being |
| which files late having also filed late in the previous | | | | caught out, give us a call or send us an e-mail. |