Mistake in accounts on B1 submitted

N

ninak

Registered User
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just realised that there is a mistake in the B1 accounts submitted online a few weeks ago. I am past the submission deadline date. These mistakes were picked up when completing the CT1. It means a slightly bigger yearly trading loss, by about 8,000. What should/can I do? I do not want to do anything that would cost me my audit exemption.
 
Not sure there is much you can do at this stage, to be honest, except fix it next year. Are there wider implications arising from the error, or is it a straightforward case?
 
I personally wouldn't be bothered fixing the statutory/CRO accounts and as Mr McGibney indicates you can do it next year. The tax computation can be amended fairly easily to include the adjustment.
 
Thanks to you both, yes I think I will just correct next year. No wider implications that I am aware of. The CT1 went in with the correct figures. Thanks very much.
 
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