When can I shred my Old Accounts?
Good question. As you, like most limited companies probably have shelves full of old invoices and records that need to be kept for at least 6 years.
Referencing from the Governments Web Site
How long to keep records
You must normally keep records for at least 6 years from the end of the 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.
- the company has bought something that it expects to last more than 6 years, like equipment or machinery.
- you sent your Company Tax Return late.
- HMRC has started a compliance check into your Company Tax Return.
What you need is an annual contract with a company such as Secure Data Recycling that will remove and shred any unwanted documentation over 6 years old.
Compliance is one thing, clutter is another.