Prepare accounts to 12 months after end of month of incorporation. Can extend AP up to 18 months. Notify Companies House within 9 months of incorporation if first AP will change. Must file accounts for first AP within 22 months, so can be less than 12 months after end of AP if AP extended.

Small & medium sized companies/groups:

· File abbreviated accounts

· No group accounts required

Turnover is for 12 months, pro-rated for shorter or longer periods.

Treat groups as one entity.

Small companies:

• Schdule 8 & FRSSE
• Audit exemption

Decision tree: