As a limited company in the UK, preparing and submitting accurate annual accounts is not only a legal requirement but also a key part of understanding your company’s financial health. Whether you refer to them as year-end accounts, statutory accounts, financial statements, or annual report and accounts, these documents help ensure compliance with both HMRC and Companies House regulations.
At Taxwise Accountancy, we specialize in guiding businesses through every step of annual accounts preparation and submission online.
Limited company annual accounts include essential financial documents that summarize the company’s financial status at the end of the financial year. These reports are required for tax filings, legal compliance, and public records. The main components are:
Each term—annual accounts, year-end accounts, statutory accounts, financial statements, and annual report and accounts—emphasizes a different aspect of these records, but they all serve the same purpose: compliance and transparency.
As a limited company director, you’re legally responsible for ensuring that your company keeps accurate records for preparing annual accounts. Having well-organized records not only makes the year-end process easier but also ensures that your business complies with UK regulations. The essential records include:
1. Financial Records
2. Asset Records
3. Tax Records
4. Financial Obligations
5. Director’s Records
6. Shareholder Records
Keeping these records updated and organized is crucial for preparing accurate limited company accounts and ensuring compliance with Companies House and HMRC.
Our expert team at Taxwise Accountancy provides full support for annual accounts submission and limited company accounts preparation, guiding you through compliance and tax obligations. We handle every aspect of statutory accounts, from compiling your financial statements to submitting them to HMRC and Companies House.
Our services include:
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