As a UK limited company owner, it's a legal requirement to submit accounts to Companies House, even if your company isn't active.
Annual accounts, also known as financial accounts, showcase your company's financial performance. Companies classify as small, medium-sized, or large based on employee count, turnover, and balance sheet total, determining the type of accounts to file.
Small company accounts: Fewer than 50 employees Turnover of less than £10.2 million Balance sheet total of less than £5.1 million
Medium-sized company accounts: Fewer than 250 employees Turnover of less than £36 million Balance sheet total of less than £18 million
Large company accounts: More than 250 employees Turnover of more than £36 million Balance sheet total of more than £18 million
Typically, most UK companies fall into the small company category and file accordingly.