Limited Company accounts - How long to keep records for?

wazza

Used to own my own business, a limited company, which was wound down in 2004. Have a cabinet full of old company accounts and paperwork etc. Want to get rid of unwanted paperwork. How far back/years must i keep copies for?

hotblu

Hello,

I dont know if this helps but HMRC keep records for 6 years before destroying them, so I would say the same for taxpayers.

Regards

Hotblu

vwcampervan72

we keep ours for 5-6 years where we can find them then they end up in the loft lol god knows what will happen if we decide to move.....

olly300

http://www.ukincorp.co.uk/s-2E-uk-company-records-and-files.html

According to the above link it's 6 years.

brightonman123

hotblu wrote: »

Hello,

I dont know if this helps but HMRC keep records for 6 years before destroying them, so I would say the same for taxpayers.

Regards

Hotblu

or put them on cd's and put/lose them in the mail, to wherever.. lol

mumsrevenge

You need to keep them for at least 6 years.By the way,your public liability insurance should be kept for 40 years! This is because people can still put in claims years later....think asbestos related claims from exposure years ago.