Welcome to our comprehensive online walkthrough for submitting full accounts.
Opting for online submission is by far the fastest, most convenient and secure method for filing your company’s financial records. Do note, this content serves as a guide so remember you must use your own company’s actual data when filing.
Contents
Getting Started
First, you need to log in and verify your credentials to be able to access this feature. We will use a placeholder account for this illustration.
Once you have logged into the Companies House Service portal, you are ready to start. At this point, you should have your accounts ready. Find and select your company to proceed.
When you are in the company’s profile, click on ‘File accounts’. The date next to this tab will give you an insight into your accounts submissions deadline.
For this tutorial, we are demonstrating how to file accounts to Companies House specifically. Hence, let’s select ‘No’.
Selecting The Full Account
Navigate to the next page where you will find the ‘Full accounts’ option. Select this option, then ensure that your accounts adhere to the necessary criteria.
Please be aware that your accounts have to meet at least two of the given requirements. These criteria may shift over time as we adjust our online filing services. If you select any of the ‘No’ options, it will lead you back to the previous screen or direct you to an external GOV.UK website. For this walkthrough, we will select ‘Yes’ and click on ‘Continue’.
Filing Your Accounts
The subsequent screen will display the steps required to complete filing your accounts. Click on ‘Continue’ to proceed.
The subsequent page is optional should you wish to alter your account dates. If you agree with the mentioned dates, click ‘Yes’ followed by ‘Save and continue’.
Additional Information
You will then be asked if your completed accounts incorporate a directors’ report. Select ‘Yes’ if applicable and be prepared to provide additional details. However, for this demonstration, we will choose ‘No’.
The following question will ask whether your accounts include a profit and loss statement. If yes, you’ll be redirected to provide more information. For this walkthrough, again we choose ‘No’.
The Balance Sheet
A Balance Sheet is a vital part of any filed accounts. You should use the figures prepared by your accountant for this section. If your company is submitting its inaugural annual accounts, only the current period will be visible. The amount and type of information you need to provide may vary depending on your company type. In this article, we will utilize sample data for representation purposes. At times, you may be asked to further breakdown particular fields, such as if your accounts comprise tangible or intangible assets. Leave fields blank if they do not apply to your case.
Reviewing Your Submission
Once your balance sheet balances (i.e., your total net assets or liabilities tally with total shareholders’ funds), you can save and proceed. You should attentively read the affirmations on the following pages and save to continue.
The next few pages will have a series of yes/no questions regarding your accounts, responding ‘Yes’ to any will prompt you for additional details. We’ll choose ‘No’ to continue the demo.
Final Steps
A subsequent query will be concerning the number of employees in your company. For first time submitters of full accounts, only a single time frame will be displayed.
Later, you will be queried on whether your accounts include any ‘off-balance sheet arrangements’. Answering ‘Yes’ to this question will also prompt you for further details. We’ll select ‘No’ for this demo.
At this stage, you will have an opportunity to review your submission and make changes. If you are satisfied with your details, simply click ‘Continue’.
The final step involves approving your accounts by a present director. Save a draft, unsigned copy for review if necessary. When you’re ready, hit the ‘Submit your accounts’ button to finalise your submission to Companies House.
With your submission confirmed, note down the submission number for future references. You will then receive two emails: one to confirm receipt of your accounts, and another to notify of the acceptance or rejection of your accounts.
Your account filing journey ends here. You may now log out.
