Accounts
| Accounts |
- Every limited company must submit accounts even if it has not traded.
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| The financial year |
- This is the period covered by the accounts.
- For a new company, it starts on the date of incorporation, regardless of when the company actually starts doing business.
- For a company which has previously delivered accounts, it starts from the day after the period covered by the earlier accounts.
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| Contents of the accounts |
- The accounts and reports must include:
- a directors’ report;
- a profit and loss account;
- a balance sheet.
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| Audit |
- If 20% of its shares or a majority of Directors are residents outside New Zeland, a company account must be audited.
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