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There are varying levels of statutory company filings at UK Companies House, and not all companies are obliged to file a profit and loss statement. Those companies which fall into the "small" company category can elect to file modified accounts. The categorisation for small companies is those fulfilling two of the following three criteria:

annual turnover must not be more £2,800,000
the balance sheet total must not exceed £1,400,000
the average number of employees must not be more than 50

Small companies deliver the following filings to Companies House:

Abbreviated balance sheet and notes
Special auditor's report (if required)

How long does a company have to file its accounts at UK Companies House?

The filing periods vary depending on the type of company.

Public companies are obliged to file accounts within 7 months of their year end. This means they have the 12 months of trading then a 7 month period to compile and file their return.

Private Limited companies have the 12 months and then a further 10 months.

What are the responsibilities of a company auditor?

It is the job of the auditor to report as to whether or not the financial statements of the company have been properly prepared under the appropriate accounting rules. They must also ensure that the accounts represent a true and fair view of the company's state of affairs.

What is a compulsory liquidation?

A compulsory liquidation of a company is one where the company is ordered by a court to be wound up.

Who appoints a receiver?

An administrative receiver is a receiver or manager of a whole or substantially the whole company's property, and is normally appointed on behalf of the holders of any debentures (charges) of the company. A receiver has the power to sell and realise assets in order to meet debts owed to the charge-holders.

How many people are needed to form a company?

For private limited companies, one or more persons are required to form the company. In the case of a public limited company, two or more persons must subscribe.

What do the industry quartiles tell me about a company?

We place all companies in a peer group comparison so that you can assess how your subject company is performing in relation to companies operating in the same market environments. All measures are percentage and ratio based so that size of company is not reflective in measuring overall performance.