Companies are automatically fined if accounts are not submitted to Companies House on time.
Accounts should normally be filed:
The period for filing the company’s first accounts are:
The current filing penalties are as follows:
Length of delay, based on the filing date
Not more than one month
More than one month but not more than three months
More than three months but not more than six months
More than six months
These penalties double for any company which also filed late in the previous year. In this circumstance that could result in a maximum fine of £3,000 for a private limited company filing more than six months after the filing deadline.
The Registrar of Companies will automatically issue an invoice where accounts are filed late and these are sent to the company’s registered office.
You may appeal a penalty for late filing of accounts with Companies House but it will only be successful if you can show that the circumstances are exceptional!
The Registrar has limited discretion not to collect a penalty. It may be applied when an unforeseen catastrophe strikes a company at a critical time; for instance, a personal tragedy affecting a sole director immediately before a filing deadline or a fire destroying records a few days before time runs out.
The Registrar lists the following reasons that are not considered exceptional: