Filing Company Accounts
Filing company accounts is a legal requirement for every registered UK business. Company accounts must be submitted annually to HMRC and Companies House and they offer an overview of an organisations financial activity during their financial year. The accounts need to be accurate and must be delivered to Companies House and HMRC by a specific deadline.
Accounts only need to be filed at the end of a business’s financial year and should include the following information:
A balance sheet
A report containing profits and loss
Notes about the accounts
A report from a company director
An auditors’ report (unless the organisation is exempt from giving one)
The name and signature of at least one company director
The first annual accounts of a business must be provided to Companies House within 21 months of becoming incorporated. However, these accounts only cover a 12 month period which starts from the date the company was incorporated and ends on the accounting reference date.
If you neglect to supply Companies House with your company accounts by the specified deadline, you will be issued with a penalty. Nevertheless, in some cases, companies are eligible to apply for a deadline extension. The request for a deadline extension must be made in writing and sent to HMRC within the original time limit.
The process of filing company accounts
There are two main methods of filing company accounts. The first is to register with HMRC and send the required forms online. The second method is to file online with Companies House. In order to do this, businesses must obtain an authentication form from Companies House.
We have a company accounts service that is available for all our clients for a small monthly fee. Our team of experienced accountants will assist you in filing company accounts and are also able to file accounts for you. Using a skilled accountant reduces the possibility of paperwork errors and ensures that your company accounts are correctly submitted.
Our team will correspond with Companies House and HMRC as a representative of your business and we'll ensure that all accounts are submitted by the stated deadlines to prevent you from receiving a penalty.
We also have the ability to apply for an extension period if your company experiences unforeseen circumstances and isn’t able to provide accounts by the pre-agreed deadline.
Get in touch with our team to find out more
Our team will use their knowledge of the accounting, finance and tax sector to offer assistance and advice about all areas of accounts and tax and we are dedicated to ensuring that we deliver exceptional services to each of our clients.
If you are interested in finding out more about our filing company accounts service or if you have some questions you would like to ask one of our accountants, please don’t hesitate to contact a member of our team.
You can email us at [email protected] and we’ll happily talk you through our services in more detail and answer any questions you may have.