Company Accounts

Why It’s Cool?

Accounting isn’t just about ticking compliance boxes. Solid accounts give you clarity, protect your business, and help your investors (and you) sleep better at night.

Our job is to take the stress out of numbers allowing you to focus on other business areas.

We aim to tailor things to fit you., but without the jargon and overkill. Just clear and practical solutions.

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Got Questions? Heres the lowdown

  • Sometimes called Annual Accounts or Statutory Accounts are a summary of a company’s activities over specified accounting period.

    Companies are legally required to file these at Companies House under the Companies Act 2006

  • A typical set of Annual Accounts include the following:

    • A balance sheet

    • A profit and loss account

    • Notes to the accounts

    • A directors report (for larger companies)

    • An auditors report (if the company requires a statutory audit)

  • Usually accounts need to be filed within 9 months of the company’s year end date.

    For example if the company has a year end of 31 March, then the accounts are due 31 December

    If your company is newly formed, then your first set of accounts are due 21 months after the date of incorporation in UK.

  • There are automatic penalties from Companies House, these start at £150 and can increase with time if the accounts are still outstanding.

  • It is not a legal requirement to have an accountant to prepare and submit accounts.

    However, it is recommended to ensure proper legal compliance with Companies House and with UK accounting standards (FRS 102 or FRS 105).

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