# Accounts and delaying AGMS

**URL:** <https://forum.workers.coop/t/accounts-and-delaying-agms/1000>\
**Category:** Questions\
**Created:** [30 January 2025 11:27 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000 "2025-01-30T11:27:26Z")\
**Posts on this page:** 6\
**Page:** 1

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**Author:** ![gloria\_d](https://forum.workers.coop/user_avatar/forum.workers.coop/gloria_d/32/183_2.png) [@gloria\_d](https://forum.workers.coop/u/gloria_d)\
**Post date:** [30 January 2025 11:27 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000/1 "2025-01-30T11:27:26Z")

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Hi all, this isn’t a strictly cooperative q but I thought you friendly people might know. We are having some accountancy delays (mainly due to sickness on our part and accountants). We technically have to have an AGM more often than every 15 months, but it looks like we aren’t gonna be able to do this because of accountanct delays. Whe are the implications/sanctions for not having an AGM on time, if any?

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**Author:** ![NathanBrown](https://forum.workers.coop/user_avatar/forum.workers.coop/nathanbrown/32/359_2.png) [@NathanBrown](https://forum.workers.coop/u/NathanBrown)\
**Post date:** [30 January 2025 12:46 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000/2 "2025-01-30T12:46:29Z")

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> [@gloria\_d](#):
>
> e technically have to have an AGM more often than every 15 months, but it looks like we aren’t gonna be able to do this because of accountanct delays. Whe are the implications/sanctions for not having an AGM on time, if any?

If you miss the deadline for filing accounts you will be fined. I would push the accountants if I were you.

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**Author:** ![Caleb](https://forum.workers.coop/user_avatar/forum.workers.coop/caleb/32/513_2.png) [@Caleb](https://forum.workers.coop/u/Caleb)\
**Post date:** [31 January 2025 10:54 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000/3 "2025-01-31T10:54:12Z")

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Nathan’s right that you accounts need to be done by the end of your financial year otherwise you will be fined

But in terms of the AGM it’s a bit looser. If I’ve got this correct, if you don’t have your AGM within 15 months someone could report you to your registered body, FCA if you’re a coop or Community benefit society etc. The could sanction you if they thought you were breaking your rules. But if you communicate to your membership why the AGM is delayed then I think you’d be fine.

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**Author:** ![Caleb](https://forum.workers.coop/user_avatar/forum.workers.coop/caleb/32/513_2.png) [@Caleb](https://forum.workers.coop/u/Caleb)\
**Post date:** [31 January 2025 10:55 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000/4 "2025-01-31T10:55:32Z")

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Its not advisable, but I’ve come across a few organisations that haven’t had AGMs for multiple years with no repercussions

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**Author:** ![NathanBrown](https://forum.workers.coop/user_avatar/forum.workers.coop/nathanbrown/32/359_2.png) [@NathanBrown](https://forum.workers.coop/u/NathanBrown)\
**Post date:** [31 January 2025 15:19 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000/5 "2025-01-31T15:19:33Z")

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Deadline for accounts is 7 months after year end for Societies, 9 months for Companies. Don’t forget Corp Tax returns too. Again, speak to your accountant

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**Author:** ![Jed](https://forum.workers.coop/user_avatar/forum.workers.coop/jed/32/592_2.png) [@Jed](https://forum.workers.coop/u/Jed)\
**Post date:** [3 February 2025 15:16 UTC](https://forum.workers.coop/t/accounts-and-delaying-agms/1000/6 "2025-02-03T15:16:22Z")

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Blooming accountants!

Get an extension, they are usually default 3 months and automatically granted within 15 minutes of filling in the form

> **[Accounts and tax returns for private limited companies](https://www.gov.uk/prepare-file-annual-accounts-for-limited-company/apply-to-extend-your-accounts-filing-deadline)**
>
> Accounts for Companies House and Company Tax Returns for HMRC - what you must send, deadlines, filing separately or together
