At Current Accountancy, we know that handling year-end accounts and filings for your limited company can feel overwhelming. That’s why we’re here to make it easy for you! Our friendly team is dedicated to ensuring your financial statements are correct, submitted on time, and comply with all requirements.

We take care of everything you need, from preparing your annual accounts and managing tax returns to filing them with the relevant authorities. This way, you can focus on what you do best—running your business—while we handle the numbers for you.

We also provide straightforward insights into your financial performance, helping you make the best decisions for your business moving forward.

What are they?

Limited company year-end accounts are important documents that give a clear overview of your company’s financial performance over the past year. Here’s what they can include, this is dependent on the size of your company and the type of accounts being prepared:

1. Income Statement (profit and loss account): This shows your company’s earnings, expenses, and the overall profit or loss for the year.
2. Balance Sheet: This provides a snapshot of your company’s financial status at the end of the year, listing what the company owns (assets) and what it owes (liabilities).
3. Notes to the Accounts: These are extra details that explain the numbers in your financial statements, including any specific transactions or accounting methods used.
4. Director’s Report: This is a short overview from the directors that highlights important events, achievements, and future plans for the company.
5. Filing Requirements: After preparing these accounts, they need to be submitted to Companies House. Depending on the size of your company, an audit might also be required.
6. Tax Returns: Your year-end accounts help complete your Corporation Tax return (CT600), which outlines how much tax your company needs to pay based on its profits.
7. Updates for Shareholders: These accounts may also be shared with shareholders, giving them insight into the financial health and performance of the company.

Creating year-end accounts is a vital process for staying compliant, being transparent, and making informed decisions for your business.

If you need any help with your year end accounts then pop us an email.