Late micro-entity accounts filing in Selkirk

Late accounts for Selkirk micro-entities

Late filing penalties for a private company start at £150 if the accounts are up to a month late, then £375 for one to three months, £750 for three to six months and £1,500 beyond six months. The penalties double if you are late two years running. They are charged to the company, and Companies House only considers an appeal for a reasonable excuse, so speed matters.

Late accounts filing for Selkirk businesses: local facts

Selkirk is in the Scottish Borders council area, in Scotland. ONS figures for 2026 count 5,000 VAT- or PAYE-registered businesses in Scottish Borders, and 4,490 of them (90%) employ fewer than ten people. Many are small enough to use the micro-entity regime.

The largest groups of micro businesses in Scottish Borders are agriculture, forestry and fishing (1,130), construction (630) and wholesale and retail (570). If you work in agriculture, forestry and fishing in Selkirk, seasonal income, grants and farm equipment need careful year-end treatment, so we tie your accounts to bank records and an asset register. That puts agriculture, forestry and fishing at 25% of the local micro-business base.

Scottish Borders ranks 795 of the 1105 areas we serve by number of micro businesses, and its micro share of 90% is in line with the 89% average across them. In construction (630 micro businesses in Scottish Borders), Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. In wholesale and retail (570 micro businesses in Scottish Borders), closing stock and the VAT treatment of different product lines are the usual pressure points, so we value stock carefully and check your VAT records.

Scottish companies are registered with Companies House in the same way as English ones and the filing deadlines are identical. Scottish income tax bands apply to salary, but dividends and Corporation Tax follow UK rules.