Annual Accounts and Financial Reports for Luton Limited Companies and Businesses

At Taxwise Accountancy, we provide expert support with preparing year end accounts, also known as annual accounts, financial statements, or financial reports, for limited companies and businesses in Luton. These reports are a legal requirement and are essential for understanding your business’s financial health.

Whether you're a startup, a small business or an established limited company in Luton, our accountants can prepare your accounts accurately and on time to meet both HMRC and Companies House requirements.

How Taxwise Accountancy Can Help

As experienced accountants, we take care of the entire process of preparing and filing your year end accounts. We ensure your accounts are compliant, accurate, and submitted on time – giving you peace of mind and allowing you to focus on running your business. Our services include:

  • Full preparation of year end statutory accounts

  • Companies House accounts submission

  • Timely reminders for upcoming deadlines

  • Meetings to analyse and discuss accounts

Why Do Luton Businesses Need to Prepare Year End Accounts?

All limited companies in the UK are legally required to prepare year end accounts at the end of each financial year. These accounts must be submitted to:

  • Companies House (to meet filing obligations)
  • HMRC (as part of the corporation tax return)

Year end accounts are important because they:

  • Provide a snapshot of your company’s financial position
  • Help directors, shareholders and lenders make informed decisions
  • Ensure compliance with UK tax law
  • Influence your corporation tax bill
  • Support mortgage or loan applications

Failing to prepare and submit your annual accounts on time can result in penalties from Companies House and HMRC.

What Do You Need to Provide for Annual Accounts Preparation?

  • Information and Records Needed

    To prepare year end accounts for your Luton business, you’ll need to provide the following:

    • Business bank statements covering the financial year
    • Sales invoices and income records
    • Purchase invoices and expense receipts
    • Payroll records (if applicable)
    • Stock valuation (if applicable)
    • Loan or finance agreements
    • VAT returns (if VAT registered)
    • Details of any fixed assets and depreciation

    Good record-keeping throughout the year will make this process quicker and easier. 
  • Luton Companies Annual Accounts

What Information is Included in Year End Accounts?

A full set of financial statements for your Luton limited company will typically include:

  • Profit and loss account (income and expenses summary)
  • Balance sheet (company assets, liabilities and equity)
  • Notes to the accounts (supporting detail and explanations)
  • Director’s report (for larger companies)
  • Accountant’s report or statement (optional but recommended)

These reports show how much profit your business has made, what it owns and owes, and how it is performing financially over the year.

Get Started with Year End Accounts in Luton

At Taxwise Accountancy, we make preparing and filing your company’s annual accounts simple and stress-free. Whether you’re a small business or a growing limited company in Luton, our tailored support ensures your financial statements are handled with care.

Contact us today to get a fixed quote and speak to one of our local experts about your company’s year end accounting needs.

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