I have a Ltd Co. that incoporated 23/06/2009 and has an accounts reference date set at 30/06.
The first set of annual accounts have been made up to 30/06/2010 (1 year and 8 days)
Because the accounting period is more than 12 months, I have received two notices to deliver CT returns, the first for the 12 months to 22/06/2010 and the second is for the remaining 8 days to the 30/06/2010.
I have two questions, I am hoping some one may be able to answer. The first being, is it necessary to prepare two sets of accounts for the returns, or just the one to the accounting reference date?
The second is, what is the best acceptable way to separate the two CT accounting periods from the main accounts? Is it necessary to redo the last eight days and recalculate the two periods or is it acceptable to calculate on a 8/373 basis?
You are probably aware but if your trading start date was not the same as you incorporation date you may only have to do the one return. Depends what you disclosed on the ct41g,
Although re-reading your post i suppose that incorp date and trading date were one and the same or HMRC wouldn't have sent the two notices.
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Forgive the typo's I generally do not proof read. Just lazy I guess!
It's also worth having a look at this website. I'm sure you're aware of your responsibilities as a director but it gives a greater insight into the paper work to be completed by a company.
