Companies House filing

Discussion in 'Accounts & Finance' started by welshpaul, Jan 21, 2020.

  1. welshpaul

    welshpaul UKBF Newcomer Free Member

    14 1
    Hi, is it possible to file a balance sheet to companies house after 1 month of trading?...just to show that the company has a strong opening position? Thanks
     
    Posted: Jan 21, 2020 By: welshpaul Member since: Mar 23, 2010
    #1
  2. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    12,944 2,407
    You could if you shorten the accounting period.
     
    Posted: Jan 21, 2020 By: MyAccountantOnline Member since: Sep 24, 2008
    #2
  3. welshpaul

    welshpaul UKBF Newcomer Free Member

    14 1
    Thank you, but then you would have to lengthen it again to 1 yr after that?...are there any issues with shortening it to 1 month initially?
     
    Posted: Jan 21, 2020 By: welshpaul Member since: Mar 23, 2010
    #3
  4. Scalloway

    Scalloway UKBF Legend Free Member

    15,672 3,309
    Posted: Jan 21, 2020 By: Scalloway Member since: Jun 6, 2010
    #4
  5. welshpaul

    welshpaul UKBF Newcomer Free Member

    14 1
    ok, so if i have a 1 month old company that i have invested say 150k cash into and has fixed assets and debtors, I can file accounts after 1 mth to show the 150k on the balance sheet, which will then improve the credit worthiness of the company?...
     
    Posted: Jan 21, 2020 By: welshpaul Member since: Mar 23, 2010
    #5
  6. Mr D

    Mr D UKBF Legend Free Member

    18,969 2,202
    Is the reason you are doing that worth it?
     
    Posted: Jan 21, 2020 By: Mr D Member since: Feb 12, 2017
    #6
  7. welshpaul

    welshpaul UKBF Newcomer Free Member

    14 1
    I assume that it would then increase the credit worthiness of the company, as it is only 1 mth old, and for new contracts, it would show a strong opening position?...yes the company is still only 1 mth old so no history...so would it's credit line be improved?
     
    Posted: Jan 21, 2020 By: welshpaul Member since: Mar 23, 2010
    #7
  8. Mark T Jones

    Mark T Jones UKBF Big Shot Full Member

    4,059 1,333
    If you're looking for the purpose of borrowing, it will make very little difference.

    The algorithm lenders will almost certainly decline anyway; the ones who look beyond the deal will just seek evidence via bank statements of money introduced.
     
    Posted: Jan 21, 2020 By: Mark T Jones Member since: Nov 4, 2015
    #8
  9. Mr D

    Mr D UKBF Legend Free Member

    18,969 2,202
    Still be a new company.

    There are places that will give credit to new companies. Without the steps you are taking.
     
    Posted: Jan 21, 2020 By: Mr D Member since: Feb 12, 2017
    #9