TBD Archiving Services offer a secure on-site storage facility for all your accounting records and business paperwork.
You must normally keep records for at least 6 years from the end of the last company financial year they relate to.
You may need to keep records longer if they show a transaction that covers more than one of the company’s accounting periods, if the company has bought something that it expects to last more than 6 years, if you sent your Company Tax Return late or if HMRC has started a compliance check into your Company Tax Return.
TBD Archiving Services provide a security camera controlled, modern archiving system that allows you to retain all necessary documents on-site with your accountants. The paperwork is checked in, stored for as long as legally required and then securely and confidentially destroyed in line with the Data Protection Act.
It is important to note that if you don’t keep accounting records, you can be fined £3,000 by HMRC or disqualified as a company director.