Not to be confused with the annual accounts or tax return, an annual return is basically a snapshot of the general information about a limited company.
Each limited company must submit an annual return to Companies House at least once every 12 months. It must be filed within 28 days of either the original incorporation date or the date the last return was filed.
The return should include information regarding the directors, secretary, registered office, shareholders and share capital. Once submitted, it’s visible to the public via the Companies House website so keeping your information up to date is good for business.
There is an annual fee of £13 for online filing or £40 if done on paper. Don’t delay though – directors run the risk of a criminal record, a fine and disqualification if they do not deliver the annual return on time. The company itself can even be removed from the register.