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Summary Business Law and Practice - Changing accounting reference date
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Business Law and Practice - Changing accounting reference date
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Changing Accounting Reference Date(WS4)
Understand the facts:
Who is the Company?
When was the Company formed?
What is the Articles of Association? Formed under 2006 or 1985 CA? Unamended
or Amended Articles of Association? Are there are Special Articles? What do the
Special Articles say?
What are they planning to? Likely to change accounting reference date.
Statutory books – confirmation of company name, company number, registered
address. How many shareholders and directors are there and how many shares do
they hold? E.g. There are 2 directors and 3 shareholders (each holding 1,000 shares
– ordinary £1 share)
How many shares in existence? E.g. 3,000 – 1,000 to each 3 members
Example – “we’ve decided to extend our accounting reference date from the end of the
calendar year to 31 March” (change accounting reference date – from 31st Dec to 31st
March = 15 months)
Changing the accounting reference date of a private limited company.
If company wish to change date, then must file a Form AA01 – change of accounting
reference date with the Registrar of Companies at Companies House – s392 CA
2006. This form can be sent at any time, but the new accounting reference date only
takes effect once the Registrar receives the form
Points to note when completing the form:
Company number – 0 at the start.
Signature = director or secretary or solicitor
Director – most likely will use the companies registered address
Presenters details = if solicitor signing then theirs. If director is signing then it
will be the directors details.
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