UK Preparing first set of accounts longer than 12 months

[callahan]

Hi,

Hope you can help me with something which is probably quite basic.

My accounting period is from the 28 Aug 2014 (incorporation and first day of trading) - 31st Aug 2015.

As its longer than 12 months I needed to submit two sets of accounts to HMRC.

1. 28 Aug 2014 - 27 Aug 2015.
2. 28 Aug 2015 - 31 Aug 2015. (4 days)

I didn't know this and just submitted for the first period and have now received a fine for not submitting the 2nd period.

There was no transactions, sales or costs, in the second period which spans 4 days.

I am a little confused as to what I should submit for the second period? The exact same accounts as I did for the first?

Net assets are identical to the 1st period and so is the called up share capital. Obviously there was no profit during the 4 day period but how do I get my balance sheet to balance?

I attach an image.

I would really appreciate any help. I apologise in advance for my lack of knowledge.

Callahan

 

[Julia Satin]

Hi,

Hope you can help me with something which is probably quite basic.

My accounting period is from the 28 Aug 2014 (incorporation and first day of trading) - 31st Aug 2015.

As its longer than 12 months I needed to submit two sets of accounts to HMRC.

1. 28 Aug 2014 - 27 Aug 2015.
2. 28 Aug 2015 - 31 Aug 2015. (4 days)

I didn't know this and just submitted for the first period and have now received a fine for not submitting the 2nd period.

There was no transactions, sales or costs, in the second period which spans 4 days.

I am a little confused as to what I should submit for the second period? The exact same accounts as I did for the first?

Net assets are identical to the 1st period and so is the called up share capital. Obviously there was no profit during the 4 day period but how do I get my balance sheet to balance?

I attach an image.

I would really appreciate any help. I apologise in advance for my lack of knowledge.

Callahan

The profit and loss account in the balance sheet is not the P&L just for that reporting period. It should show the accumulated P&L account, therefore in your case it should be the same balance as at 27 Aug.