| Accounts |
- Every 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 and ends on 31 December.
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| Contents of the accounts |
- The accounts and reports prepared for the members of the company must include:
- a directors report;
- a profit and loss account;
- a balance sheet.
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| Audit |
- The accounts must be audited
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