Annual Accounts

Company

UK-incorporated limited companies generally need to prepare annual statutory accounts and file accounts with Companies House, including when dormant. The required content and available exemptions depend on the company's size, status and applicable accounting framework.

Statutory accounts generally include a balance sheet, profit and loss account and supporting notes, together with any other required reports. Qualifying small, micro-entity and dormant companies may benefit from simplified requirements. The accounts filed publicly with Companies House may differ from those prepared for shareholders and HMRC.

We prepare unaudited annual accounts for companies eligible for audit exemption. Following your review and approval, we handle the relevant submissions to Companies House and, where required, HMRC as part of the Company Tax Return.

We also explain the key figures, help you understand your business performance and identify relevant tax planning opportunities.

Sole traders and ordinary partnerships

Sole traders and ordinary partnerships generally do not need to file annual accounts with Companies House. However, they must keep appropriate business records and calculate their taxable profits correctly for HMRC reporting purposes.

We prepare accounts or income and expenditure summaries, as appropriate, to support your tax returns, help you monitor business performance and provide financial information for banks or lenders where required.