This core compliance service is suitable for businesses that already handle day‑to‑day bookkeeping themselves but require professional accountant support at year‑end for statutory financial statements and tax filings. We work on a project basis, focusing on the “year‑end close” process, providing high‑quality financial statements and robust tax compliance assurance.
Year‑end Ledger Review and Adjustments – After the financial year end, we conduct a comprehensive review and adjustment of your full‑year ledger data. This includes: verifying completeness and correct classification of all income and costs; confirming closing balances of receivables and payables and assessing bad debts; calculating depreciation and amortisation; confirming prepayments and accruals; stocktaking and adjusting inventory discrepancies; verifying loan and lease liabilities and interest accruals. All necessary adjusting and reclassification entries are made to ensure a true and fair view.
Preparation of Full Statutory Financial Statements – We prepare complete statutory accounts under UK GAAP (FRS 102 or FRS 105), including the Statement of Comprehensive Income, Statement of Financial Position, Statement of Cash Flows, and Notes to the Accounts. For larger companies, we also draft the Directors’ Report and Strategic Report, ensuring full compliance with the Companies Act 2006 disclosure requirements. All statements are delivered in both electronic (PDF and Excel) and printed formats.
Corporation Tax Computation and CT600 Filing – Based on the adjusted taxable profit, we accurately compute the Corporation Tax due. We systematically review all available reliefs and deductions – Annual Investment Allowance, R&D tax credits, creative industry reliefs (if applicable), interest restriction compliance, etc. We file the CT600 return electronically with HMRC, accompanied by full supporting tax computation schedules.
Filing Annual Accounts with Companies House – We determine the appropriate filing format (abridged, filleted, or full accounts) based on your company’s size, and submit the annual accounts electronically on your behalf, ensuring all filings are completed before the 9‑month statutory deadline to avoid penalties.
Shareholder and Director Financial Reporting Pack – In addition to statutory statements, we prepare a plain‑English presentation pack for directors and shareholders, using charts and key metrics to explain annual performance – revenue growth, margin changes, balance sheet improvements – so that even non‑finance members can easily understand the financial position.
Year‑end Tax Planning and Next‑Year Outlook – Upon completing the annual filings, we provide tax planning advice for the coming year, including profit extraction strategies (optimal salary vs. dividend mix), timing of capital expenditure, deferred tax management, etc. We also give you a key compliance calendar for the next financial year to help you plan ahead.