Annual Accounts & Tax Return Services help UK businesses meet their legal obligations by preparing accurate year-end accounts and submitting tax returns to HMRC. This service is essential for limited companies, sole traders, and partnerships looking to stay compliant, minimise tax risk, and keep their finances in order.
Annual accounts and tax returns are more than a box-ticking exercise. They:
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Sources: Financial Times headline on Companies House penalties 2023-24; Companies House business plan and digital filing data; HMRC Corporation Tax statistics commentary.
If you run a UK business - especially a limited company - you must submit annual accounts and tax returns. Whether you want to improve compliance, avoid penalties, or gain confidence in your numbers, this service ensures nothing is missed and everything is handled professionally.
Speak to us today about how we can help prepare and file your annual accounts and tax returns. We’ll handle the deadlines so you can focus on running your business.
Last updated August 2025. Written and reviewed by Allied Financial Group’s in-house team of qualified accountants, tax specialists, and marketing consultants. All services comply with UK regulatory standards. This content is based on publicly available sources and internal industry knowledge.
Simple, accurate reporting that keeps your business compliant and ready for HMRC. No jargon. No delays. Just complete year-end support.
Absolutely. Year-end accounts preparation is not just about compliance; it's also a valuable opportunity for tax planning.
As we prepare your accounts, we can identify potential tax efficiencies, advise on allowable expenses, capital allowances, and other strategies to legally minimise your Corporation Tax liability. We can also help you understand the tax implications of your financial decisions and ensure you are taking advantage of all available reliefs and exemptions.
Not all UK companies are required to have their accounts audited. Small companies generally qualify for an audit exemption if they meet at least two of the following conditions: an annual turnover of no more than £10.2 million, a balance sheet total of no more than £5.1 million, and no more than 50 employees.
.However, even if exempt, some businesses choose to have an audit for added credibility or for specific stakeholder requirements. We can advise you on whether your company qualifies for an exemption and the benefits of an audit.
Late or inaccurate filing can lead to a range of penalties. Companies House imposes automatic late filing penalties that increase the longer you delay. HMRC can issue penalties for late Corporation Tax returns and may charge interest on overdue tax. Furthermore, inaccurate accounts could lead to investigations and further penalties from HMRC. Beyond financial penalties, consistent non-compliance can harm your company's reputation and creditworthiness.
To ensure a smooth process, we'll provide you with a clear, comprehensive checklist. Generally, we will require the following:
Year-end accounts typically comprise a Balance Sheet and a Profit and Loss Statement, both of which must be prepared and submitted in accordance with HMRC regulations. Don't let the complexity of year-end accounts overwhelm you. Let the experts at AFG handle it, just as we have for countless satisfied clients. Contact us today for a free consultation – we're here to help!
The deadlines for filing your year-end accounts are crucial. For Companies House, your company's annual accounts must typically be filed within 9 months of your company's financial year-end. For HMRC, your Corporation Tax return (CT600), which includes your accounts, is generally due 12 months after the end of your accounting period. Missing these deadlines can result in significant penalties, so it's vital to stay on top of them. AFG can help you understand and meet these critical dates.
Statutory accounts are the formal year-end accounts prepared for Companies House and HMRC, adhering to strict accounting standards (e.g., FRS 102 or FRS 105). They provide a snapshot of the company's financial performance and position at a specific point in time. Management accounts, on the other hand, are prepared more frequently (e.g., monthly or quarterly) for internal use by business owners and management. They provide up-to-date financial insights to aid decision-making, performance monitoring, and strategic planning. While AFG primarily focuses on statutory accounts for compliance, we can also discuss your needs for regular management information.
The turnaround time for your year-end accounts is tailored to the complexity of your business finances. Our priority is to deliver your accounts efficiently and accurately. For a personalized timeframe and to discuss your unique needs, please get in touch for a free consultation.
While a business owner can technically prepare their own year-end accounts, navigating HMRC regulations and compiling all the necessary documentation can be incredibly time-consuming and prone to errors, potentially leading to penalties. We strongly recommend engaging a specialist like AFG. Our expertise ensures faster, more accurate preparation, freeing you to focus on your business.
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You will be assigned a dedicated point of contact – an experienced AFG accountant who will personally manage your year-end accounts and be available to answer any questions you may have throughout the process.