Statutory Accounts Filing

UK registered companies and charities must produce year end statutory accounts for filing at Companies House and/or the Charity Commission. We can help prepare from bookkeeping or other records, accounts that comply with the Companies Act and other requirements. This might include limited companies, LLPs, consolidated group accounts, or accounts for subsidiaries of a foreign parent. 

The financial reporting framework and format depends upon the size and nature of your organisation. These can range from micro-entity accounts (FRS 105) through to accounts prepared under International Financial Reporting Standards (IFRS). There is a difference in requirements in accounting notes disclosures between different formats and entities as well. For example, a medium-sized charitable company may have to meet accounting disclosures as required by FRS 102 but will also have additional requirements as prescribed in the Charities SORP. 

A Corporation Tax return must be submitted to HMRC annually, for trading companies, regardless of whether there is profit in the company, or if any tax is owed. When completing this, there are a number of allowances and reliefs to consider, as well as consideration for any possible investor incentives, such as the SEIS, EIS and VCT.