Hanover Company Services, Ground Floor, One George Yard, London, EC3V 9DF, UK
Every company must send a copy of its annual accounts for each financial year to -
Banks and credit managers rely on information available from Companies House to assess a company's creditworthiness and currently look for the reassurance of an independent audit. If it qualifies for audit exemption, a company will need to decide whether unaudited accounts are appropriate to its own circumstances.
All limited companies, whether they trade or not, must deliver accounts to Companies House. However, a limited company may claim exemption from audit as a 'dormant company' if it has not traded during a financial year, and provided it meets certain other criteria.
Dormant companies do not need to appoint auditors and can deliver even simpler annual accounts to Companies House via the form AA02.