Company Accounts
Filing your annual accounts correctly and on time is essential for maintaining good standing with HMRC and Companies House. We prepare detailed year-end financial statements, ensuring accuracy and compliance with UK accounting standards. Our expert tax planning strategies help reduce your corporation tax burden, keeping your company financially efficient while meeting all reporting obligations.
Who Needs to file Company Accounts
All limited companies registered in the UK must prepare and file company accounts annually. This includes both trading and non-trading (dormant) companies. Company accounts provide a clear snapshot of a company’s financial health and performance. They are submitted to Companies House and HMRC as part of legal and tax obligations.
Filing Company Accounts with HMRC
Filing company accounts is essential for tax compliance and maintaining legal standing. It ensures transparency and accountability to HMRC and other stakeholders. Key points to remember:
- Required annually for all limited companies
- Must be submitted to both Companies House and HMRC
- Includes balance sheet, profit & loss statement, and notes
- Late submissions incur penalties
- Used to calculate Corporation Tax liabilities
The Importance of Accurate Bookkeeping
Accurate bookkeeping is the foundation of reliable company accounts. It ensures all financial transactions are recorded properly, making filing easier and more accurate. Good bookkeeping helps identify errors early, reduces the risk of penalties, and supports better financial planning. Ultimately, it safeguards the company’s reputation and compliance with legal requirements.
