Annual company accounts without last-minute surprises

Who this service is for

This service is for directors of Birmingham and Midlands limited companies who need their statutory annual accounts and Company Tax Return prepared and filed correctly and on time. It suits owner-managed companies, contractors, family businesses and property companies alike, whether you keep tidy cloud bookkeeping or arrive with a shoebox of records at year end. It is equally suitable for companies that have not traded and need dormant-company accounts.

How we can help

We take responsibility for the whole year-end cycle so you are not left decoding Companies House and HMRC requirements yourself. Starting from your bookkeeping records, we build a set of accounts that stands up to scrutiny, prepare the Corporation Tax computations, and put both the Companies House accounts and the HMRC Company Tax Return in front of you for approval. Along the way we tell you what the numbers actually show about the business, so the accounts become a useful management tool rather than a compliance chore.

What’s included

• Statutory annual accounts prepared under the appropriate regime, including micro-entity and small-company considerations where you qualify
• A profit and loss account showing the year’s trading result
• A balance sheet setting out assets, liabilities and reserves at the year end
• Supporting notes and disclosures appropriate to your accounts
• Director approval process, so the accounts are formally signed off before filing
• Filing of the annual accounts with Companies House
• Corporation Tax computations and preparation of the Company Tax Return (CT600)
• Filing of the Company Tax Return with HMRC using suitable commercial software
• Dormant-company accounts where applicable
• A plain-English explanation of the results
• Identification of bookkeeping corrections needed before finalising

How it works

1. We agree the scope and gather your accounting records for the year, whether from a cloud system or spreadsheets and paperwork.
2. We review the records, identify any bookkeeping corrections and query anything that looks incomplete or unusual.
3. We draft the annual accounts and prepare the Corporation Tax computations.
4. We talk you through the figures, explain the tax position and answer your questions.
5. Once you are happy, the director formally approves the accounts.
6. We file the accounts with Companies House and submit the Company Tax Return to HMRC, then confirm your Corporation Tax payment deadline.

What we’ll need from you

• Access to your bookkeeping records or accounting software for the year
• Bank statements covering the accounting period
• Details of any loans, assets bought or sold, and hire-purchase or finance agreements
• Records of director transactions, including any amounts drawn or repaid
• Your company’s authentication details for Companies House and HMRC, or authority for us to act as your agent
• Answers to any queries we raise as we work through the records

Common mistakes to avoid

• Confusing the Companies House accounts deadline with the HMRC tax return deadline. They differ, and so does the Corporation Tax payment date
• Leaving preparation until the final weeks, which removes any room to fix problems or plan for the tax bill
• Assuming a dormant company has nothing to file
• Treating the director’s loan account casually, when overdrawn balances can create additional tax charges
• Filing figures without understanding them, so avoidable errors in the underlying bookkeeping carry straight through to the accounts

Serving Birmingham and the Midlands

We work with limited companies across Birmingham and the wider Midlands using cloud accounting, so your records and draft accounts are available to review wherever you are, from Digbeth to Solihull. There is no need to post ledgers or drop in paperwork; where you would value a face-to-face conversation about your results, we arrange meetings to suit you.