Annual Accounts and Corporation Tax
Every limited company has to prepare statutory accounts each year and file a corporation tax return with HMRC. Fairbook Accounting Solutions handles both, making sure the figures are accurate, the disclosures are right, and everything is submitted well before the deadlines. You get a clear copy of your accounts, a clear view of the corporation tax you owe, and plenty of time to pay it without scrambling at the last minute.
Companies House Filing
Alongside HMRC, Companies House has its own set of deadlines, including your confirmation statement and your annual accounts. We track all of it for you, so nothing slips through the cracks. If your company details change, such as a new director, a new registered office, or a share transfer, we can make the filings for that too.
When It Is Time to Get an Accountant Involved
Most directors do not go looking for an accountant until something starts to slip. If any of the following sound familiar, it is probably time for a conversation before the next deadline arrives.
You have had a penalty letter from HMRC or Companies House for something being late or wrong. You are a new director and you are not sure what accounts you actually have to file, or when. You have been doing your own accounts in a spreadsheet and you are no longer confident the numbers add up. You have no idea how much corporation tax you are going to owe until the bill arrives. You are taking money out of the company as a mix of salary, dividends, and loans, and you are not sure you are doing it in the most tax efficient way. You are thinking about bringing in another director, issuing shares, or changing the structure, and you want to know the implications before you do it. Any one of these is a good reason to get a proper set of eyes on your limited company accounts.
Frequently Asked Questions
.
What Are Limited Company Accounts?
Limited company accounts are the formal set of financial statements a limited company has to prepare each year, covering things like profit and loss, the balance sheet, and notes to the accounts. A version of these accounts has to be filed with Companies House, and the figures are used to work out the corporation tax owed to HMRC.
When Do Limited Company Accounts Need to Be Filed?
Your accounts have to be filed with Companies House within nine months of your company’s year-end, and your corporation tax return has to be filed with HMRC within twelve months. The corporation tax itself is usually due nine months and one day after your year-end. Fairbook Accounting Solutions tracks all of your deadlines and files well in advance, so nothing gets missed.
What Happens if I File My Accounts Late?
Companies House charges automatic penalties that increase the longer your accounts are overdue, and HMRC has its own separate penalties for a late corporation tax return. The fastest way to deal with it is to get proper help and file as soon as possible, and we can take over from where you are now.
How Much Does It Cost to Have an Accountant Do My Limited Company Accounts?
It depends on the size of your company, the complexity of your records, and whether you want ongoing support or just a year-end service. We agree a clear scope and a fixed price with you before any work starts, so there are no surprise invoices. Your first consultation is free.
Can You Take Over From My Current Accountant?
Yes. Changing accountants is more straightforward than most people think. We contact your current accountant for the paperwork we need, handle the professional clearance process, and pick up where they left off. You do not have to have an awkward conversation with them yourself.