Expert Statutory Accounts Services for UK Businesses
From data to filing, we handle every step of your statutory accounts
In the UK, all limited companies have to prepare and send annual accounts to Companies House and HMRC. These reports aren’t just a legal need, they show your business’s financial health, tax status, and overall success.
Our firm delivers accurate statutory account services that follow all rules and give business owners a clear view of their finances. With over 15 years of experience, we give each client a personal account manager.
What Are Statutory Accounts?
Statutory accounts, also known as annual financial statements, give directors, stakeholders, and HMRC a clear view of the company’s finances, performance, and compliance for the year. They’re essential for business decisions, investor updates, and meeting legal needs.
A standard set of financial statements usually has:
• Balance Sheet: A summary of assets, liabilities, and shareholder equity.
• Profit & Loss Account: A detailed view of income, expenses, and profits.
• Notes to the Accounts: Additional context explaining key policies and figures.
Accurate statutory accounts are key to transparency and stakeholder trust. They also shield your business from penalties due to late or incorrect filings. Compliance provides assurance, letting you concentrate on business growth.
Why Are Statutory Accounts Important?
Statutory accounts are vital for your company’s money management, meeting UK legal needs, and aiding smart choices. Getting them right keeps you in line with rules, avoids charges, and keeps your dealings clear with tax authorities, stakeholders, and investors.
• Legal Requirement
Limited companies have a legal duty to file statutory accounts with Companies House and HMRC annually.
• Taxation
HMRC uses your company accounts to work out how much Corporation Tax you owe.
• Financial Transparency
These financial statements help stakeholders and future investors understand your company’s finances before they make important choices.
• Business Insights
Checking your accounts lets you see how you’re doing, notice any patterns, and find chances to grow or save money.
• Credibility
Well-prepared statutory accounts show you’re professional and help build trust with lenders, investors, and partners.
Who Needs Statutory Accounts?
Our statutory accounts services are ideal for:
• Startups: Guidance from experts for creating first-year financial reports and keeping everything in order.
• Small and Medium-Sized Enterprises (SMEs): Keep annual filings and compliance up-to-date with dependable, continuous management.
• Larger Companies: Creating group financial statements that follow UK guidelines.
• Dormant Companies: File your simplified legal accounts quickly and correctly.
• International Businesses: Financial statements that follow UK rules for subsidiaries and foreign companies.
Our Statutory Accounts Services
Our comprehensive statutory accounts preparation service guarantees the timely, accurate, and compliant delivery of your financial statements.
• Year-End Accounts Preparation
We put together full yearly accounts, including the balance sheet, income statement, and all the related details. For small businesses, we can also create shorter versions of these statements for filing with Companies House.
• Corporation Tax Computations
We take care of your business taxes. We use your financial details to work out your tax obligations, ensure you claim all eligible allowances, and submit your CT600 to HMRC.
• Filing with Companies House & HMRC
To avoid penalties, we ensure that your tax returns and financial reports are submitted on time.
• Management Accounts Support
Use management accounts in addition to your statutory accounts to improve decision-making all year long.
• Startup & Small Business Support
We make it simple for start-up companies to create their first financial statements.
Our Process for Preparing Statutory Accounts
For accurate and timely preparation of your statutory accounts, we employ a simple, efficient procedure:
1. Consultation
We start by getting to know your business, when your reports are due, and if you have any particular needs.
2. Data Collection
Our team collects all the financial records and paperwork required to prepare your statements.
3. Expert Review
Our accountants look at each number to be sure everything follows UK GAAP and is spot-on.
4. Client Approval
Through an easy-to-understand presentation, we allow you to review and approve the accounts prior to filing.
5. Filing
Once you approve, we send your statutory accounts to Companies House and HMRC for you, so you stay compliant.
Why Choose Us?
Choosing the correct partner to handle your statutory accounts can save time, lower stress, and protect your business from expensive errors. Here’s why businesses put their trust in us:
• 15+ Years of Experience
For over 15 years, we’ve helped companies in many industries with their statutory accounts, making sure they’re correct and up to standard.
• Dedicated Accounts Manager
You’ll work with a single point of contact who knows your business well. They are available to answer your questions whenever you need them.
• Personalized Service
We can put together a service package to fit what your business needs, whether it’s getting your full accounts ready or support in certain areas.
• Compliance Guaranteed
Our financial statements are prepared following UK GAAP and HMRC rules. This keeps you compliant and helps you avoid penalties.
• Software-Based Efficiency
We use accounting software to prepare and submit statutory accounts on time, making sure they’re accurate and meet all HMRC and Companies House requirements.
Take the Stress Out of Statutory Accounts Filing
Missing the deadline for filing your company’s accounts can mean fines, and they get bigger the longer you wait. Why deal with that stress? Let our accounting pros handle your accounts. We’ll make sure they’re spot-on and filed on time.
We take care of all the rules from HMRC and Companies House, so you can concentrate on your business without that worry.
