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Annual report for small limited companies

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How does it work?

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If you run a limited company,
you must file an annual report every year

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to Bolagsverket.
This applies to all limited companies,

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even those not required to have an auditor.

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What is an annual report?

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It's a summary of all the financial
events at the company

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over a financial year.

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But how is an annual report made?

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There are six separate steps.

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Stay with us.

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Step 1: Accounting.

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The basis of the annual report
is your company's accounting.

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Be careful with your accounting
during the year.

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That will make it easier
to produce your annual report.

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Get help from an accounting firm
if you need to.

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Step 2: Annual report.

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Your accounting firm will also help you
compile your annual report.

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Should you produce your annual report
yourself? Remember, it takes time.

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Start as soon as possible
after the financial year end.

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Step 3: Sign it.

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When the annual report is finished,
the Board holds a meeting to approve it.

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All Board members have to sign it.

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Step 4: Annual General Meeting (AGM).

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You then have to hold an AGM. At the meeting,
the Board and the company's shareholders

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have to approve the contents of the report
and vote on issues that affect the company.

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For example,
what is to be done with any profit.

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Remember to call the AGM in good time.

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Step 5: Certification.

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A Board member or the Company's
CEO then has to certify that

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income statement and balance sheet
have been adopted at the AGM

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by signing a
"certificate of adoption".

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Step 6: Send it in.

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Now, all that is left is to send
a copy of the annual report

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and the original certificate of adoption
to Bolagsverket

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no later than seven months
after the financial year end.

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If your financial year is between
January and December

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your annual report must be received
no later than July 31 in the following year.

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When you've sent in your annual
report it's in the public domain.

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Your customers will be able to
compare your company with others.

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So your annual report can serve
as a kind of marketing tool.

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Did you follow that? Here's a brief summary.

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During the year, you keep a close watch
on your day–to–day accounting.

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When the financial year ends
you finalize your annual report.

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The Board approves and signs
the annual report.

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The shareholders approve the
annual report at the AGM

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and you sign a certificate of adoption.

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Send in the annual report,
the certificate of adoption

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and any appendices to Bolagsverket.

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Send in the annual report in time
to avoid a late submission fee.

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Want to know more? The Bolagsverket.se website
has more on annual reports.

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It also has specimen
certificates of adoption.

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The Verksamt.se website
has more on accounting.

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News from the 26th of March 2018. Send in your annual report digitally. Read more at Bolagsverket.se.