Some directors and company secretaries may have a false sense of security about the time permitted for delivery of the annual accounts.
Companies carrying on business or having interests outside the United Kingdom, the Channel Islands and the Isle of Man have until recently been able to claim a three-month extension to the period allowing for laying and delivering accounts and reports. It was a simple matter of annually filing a form 244 with the Registrar of Companies, as permitted under section 244(3) of the Companies Act 1985; the concession then applied automatically for the relevant financial year.
But this sub-section was repealed by regulation 9 of the Companies Act 1985 (International Accounting Standards and other Accounting Amendments) Regulations 2004 (SI 2004/2947). As a result, for accounting reference periods that begin on or after on 1 January 2005, it is not possible to secure an extension merely by filing a form.
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