Abbrev Accounts Ltd Co - Directors Report?

[DickM]

It would be greatly appreciated, if I could be reminded of when the need to provide a Directors Report with the annual HMRC CT600(Short)Form came into play. I was not asked for one for my Corp Tax reporting period 2006/7, when submitting in July 2008, but the tax man has just bounced my 2007/8 recent submission for omission of the DR.
I was under the impression that providing that the Statutory Notes to the accounts were submitted, along with the P&L / Balance Sheet Accounts(signed by a director, with printed name), plus a schedule supporting how the Corp Tax was calculated, then that was it.

p.s. I tried putting this in Google and HMRC "search", but I think I'd had more luck attempting a Moon Walk .......... RIP Michael J., and any U.S. spacemen.

[elainec100@cheapaccounting]

see this:

http://www.hmrc.gov.uk/ct/returns/how-to.htm#11

A complete Company Tax Return isn’t just your return form and the signed declaration at the end of the form.
You also need to deliver any relevant supplementary pages, accounts, statements, computations or other information as appropriate to your company or organisation.
Additional documentation you need to file as part of your Company Tax Return depending on the particular circumstances of your company or organisation includes:


Company accounts (sometimes known as statutory accounts) are the accounts your company must file at Companies House or your organisation must prepare under its constitution. They include director’s reports and auditor’s reports. However, if your company files abbreviated accounts at Companies House, you must file full accounts as part of your Company Tax Return.
Separate computations and/or calculations - for example, if you fill in Boxes 3, 16, 17, 43 to 62, 64, 105 to 121 or 131 you need to attach a document to your Company Tax Return showing how you worked out those figures.
Supplementary pages:

Loans to Participators by Close Companies - directors' loans (form CT600A)
Controlled Foreign Companies (form CT600B)
Group and Consortium (form CT600C)
Insurance (form CT600D)
Charities and Community Amateur Sports Clubs (CASCs) (form CT600E)
Tonnage Tax (form CT600F)
Corporate Venturing Scheme (form CT600G)
Cross-Border Royalties (form CT600H)
Supplementary charge in respect of ring fence trades (form CT600I)
Disclosure of tax avoidance schemes (form CT600J)

[DickM]

Thanks for the full monty Elaine, I'll PM you :)

[David Griffiths]

Here's one that you might not wish to use: :D

REPORT OF THE DIRECTORS FOR THE YEAR ENDED XXXXXXXXX

The sole Director presents his annual report and audited accounts for the year ended 31 December 1989, in order to comply with the various companies acts which rather stupidly apply to minutely small private companies in the same way as large international conglomerates like Shell, BP, ICI and many other mega £billion companies. The report therefore covers the following items which it is believed it is obligatory to specify:

1.Principal Activities
The principal activities of the company during the year were to hold land, buildings and investment in subsidiary companies, which is quite obvious by reading the Balance Sheet.

2.Review of the Business
The Director and main Shareholder of the business is neither satisfied nor dissatisfied with the company’s performance during the year, as clearly it was doing nothing other than the items mentioned in 1 above.

3.Results and Dividends
Since the company was not carrying on a trade during the year, there was no profit or loss other than expenditure on formation costs and expenses, all of which is quite obvious by looking at the Balance Sheet. The Director does not therefore recommend the payment of a dividend for the year.

4.Company Information
Mr Smith, is the sole Director and has served for the whole of the year and does not retire (worse luck!). The company is wholly owned by Mr Smith and his immediate family, which he is sure, is of no interest to anyone else.

5.Fixed Assets
These are still fixed whatever that means and if they have moved, then it is shown in the notes to the accounts.

6.Auditors
The resolution for the re-appointment of XYZ & Co, as auditors of the company is to be proposed at the Annual General Meeting, if one is ever held, since anyone other than an idiot knows that you do not get your wife and children into the living room for a formal meeting once a year, just because some crank in the Civil Service has decided that the same rules apply to small businesses as they do to ICI!

7.Interests of the Director
The interests of the Director in the Ordinary Share Capital of the company are shown below. Other interests of the director include the Aston Martin Owners Club, historic motorcycles and bungee jumping.

8.Conclusion
This report is written in the above manner since the accounts were rejected by Companies House due to the omission of the Director’s Report. This Director, for one, is sick and tried of having to comply with nonsense legislation poured out from 630 dickheads down at Westminster!

By order of the Board


Director
Date

[DickM]

After Southend HMRC were all over me for Co control failures this time last year, until after the 3rd communication from me - the penny dropped ...... they were addressing the WRONG DIRECTOR @ the WRONG COMPANY!
Believe me David, I'm sorely tempted :mad:
The young lady concerned was a Miss Pond (Life)!

You've earned your thankyou :p