- Accurate, compliant accounts for your business, every time.
Comprehensive Company Financial Statements and Reporting
A complete set of company accounts includes the Directors’ report, comprehensive profit and loss statements, balance sheet, and detailed notes and disclosures. We will prepare your company’s full accounts in compliance with the applicable accounting standards and UK GAAP. These accounts are then submitted to HMRC along with the company’s tax return within 12 months of the financial year-end. Our service ensures your company stays fully compliant with legal requirements, avoiding penalties and helping you maintain accurate financial records for effective decision-making and planning.
Condensed or Simplified Company Financial Statements
Simplified company accounts are designed for submission to Companies House and offer a condensed version of the full financial statements. They provide a streamlined overview of a company’s financial position, typically excluding the Directors’ report, profit and loss account, and detailed notes and disclosures. This makes them less comprehensive than full accounts, but they still meet the basic legal filing requirements.
These abbreviated accounts are particularly suitable for smaller companies or those that do not require extensive financial details. By submitting a simplified version, companies can fulfill their statutory obligations without the complexity of producing a full set of accounts. However, it is important to note that the omission of certain financial details means these accounts might not provide as much insight into the company’s financial performance and position.
The deadline for submitting simplified accounts is 9 months from the end of the company’s financial year. While the simplified version can be a quicker and more cost-effective option for many businesses, it is crucial to ensure that the accounts comply with the relevant accounting standards and legal requirements. This helps avoid any potential penalties or issues with regulatory authorities, ensuring that your business remains compliant.
- Stay compliant with timely tax returns and payments for your business.
Company tax return (CT600)
Filing the company tax return (CT600) is a legal obligation for all trading companies, and it ensures that the business meets its tax responsibilities. The return must reflect the company’s financial activities over the specified accounting period, which usually spans a full year. While the submission deadline is set at 12 months after the end of the accounting period, it’s important to remember that the tax payment is required earlier, within 9 months and 1 day, to avoid penalties or interest charges. Timely submission and payment are crucial for compliance.
Our Services for You
If you’re self-employed or a business owner/director seeking expert accountancy and tax support, we’re here to help. We are a team of proactive and approachable accountants and tax advisors dedicated to managing your financial and tax needs with efficiency. Our goal is not only to ensure that your filing obligations with Companies House and HMRC are always up to date, but also to help you minimize your tax liabilities—ensuring you never pay more than necessary.
We offer our services on a fixed-fee basis, so you know exactly what to expect. Plus, we pride ourselves on being highly responsive, providing same-day answers to any phone or email queries you may have. To make the process even smoother, we assign a dedicated account manager who will gain a deep understanding of your business, its financials, and tax matters, offering personalized guidance throughout the year.
Book a free consultation call with us today via the link below, and let us help you navigate your accounting and tax requirements with ease and confidence.
