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Second Annual Return LTD not trading

  • 19-05-2017 8:42am
    #1
    selfi
    Registered Users, Registered Users 2 Posts: 15 ✭


    Hi all, 
    Need some advice. So I have to submit my second Annual Reports. With the first one it was easy no financial statements needed etc. but now it's more complex. 
    Quick overview of the company: I am the only one Director, there is as well Office Secretary and no other employees. For the past year I haven't traded - health problems etc. but anyways - no profits no losses. What financial documents I need to submit? Do they need to be sign by auditor, Company Secretary or just myself? I will go for the cheapest option for obvious reason.
    Thanks,


Comments

  • #2
    Paddy001
    Registered Users, Registered Users 2 Posts: 724 ✭✭✭Paddy001


    You could file a B73 with the return and extend the ARD by 6 months. You could then get dormant accounts done for the company or strike it off before its ARD.


  • #3
    CIARAN_BOYLE
    Registered Users, Registered Users 2 Posts: 14,599 ✭✭✭✭CIARAN_BOYLE


    Director must sign. If you are late you need audited financial statements.

    https://www.cro.ie/Annual-Return/Financial-Statements-Requirements/Small-Company

    You need a directors report extract showing the shares of the company held by the directors,
    A balance sheet and associated notes.

    There's a sample text for a paragraph in the link above that can be used to claim audit exemption on the basis of being a small company and also claim the right to file abridged finanicial statements.


  • #4
    selfi
    Registered Users, Registered Users 2 Posts: 15 ✭selfi


    Thank you Ciaran!
    OK, so I am in the process of filling it up now. The most confusing part at the moment is associated notes to the balance sheet. What is that exactly? Are there any samples I could look at?


  • #5
    selfi
    Registered Users, Registered Users 2 Posts: 15 ✭selfi


    For those who as I are in struggle here are some tips:
    Your a must have leaflet: https://www.cro.ie/Portals/0/Leaflets/Leaflet 23 v2.7a 2014 Act.pdf
    What you need to include in your financial statements is on page 9 (a+e), page 23 Extract, page 24 Balance Sheet + what is on the beginning of page 26.


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