24 October 2016
We have received the following update from the CRO for members with regard to small company abridged financial statements and also contacting the CRO in October and November in the light of the usual end of year filing commitments but also the added complication this year of the deadline for receiving conversion documents by the end of November. By all accounts it seems the CRO will be busier than ever and some filings may take a little longer than usual.
Under the terms of Sections 352 & 353 of the Companies Act 2014, a small company is required to file the following Financial Statements in respect of financial years ending on or after 1 June 2015:
The requirement at 1 above to provide information on Director's interests in shares/ debentures is separate and additional to the requirement in section 318 to provide details of share capital in the Notes to the Financial Statements, referred to at 2 above.
See Appendix 1 to CRO Information Leaflet No 23 for a sample Abridged Audit Exempt Financial Statements, Appendix 2 for information on the Directors' Report and Appendix 4 for information on the Notes to the Financial Statements - CRO information leaflet
If in doubt, companies are advised to obtain professional advice in relation to the contents of their Financial Statements.
This year, in addition to dealing with the usual peak filing of annual returns in October/ November, the Carlow office will also be responsible for processing applications from companies to be converted to a new company type (LTD or DAC) before the 18 month transition period ends on 30 November.
In the exceptional circumstances pertaining this year, it would be appreciated if instead of telephoning the Carlow office, customers seeking information or assistance could send an e-mail to one of the following e-mail addresses, please:
Annual Returns general: firstname.lastname@example.org
e-B1 queries: email@example.com
Business Names: firstname.lastname@example.org
District Court cases: email@example.com
Credit Card Refunds: firstname.lastname@example.org
Customer Accounts: email@example.com
Please note that on the CRO website, in the "WHAT'S NEW" section, there is a daily update advising of the date of receipt of annual returns, RBNs and conversion documents being processed on that day - see CRO processing dates.
Customers are requested to avoid contacting CRO about documents delivered after the processing date given on the website as they have not yet been reached by the processing team. This will allow CRO to continue to dedicate resources to the processing of submissions. Your cooperation in this regard would be greatly appreciated.