Financial Accounts Preparation
Preparing and submitting your financial accounts is a key part of running any registered business in the UK.
Whether you're a sole trader, partnership, or limited company, we can help ensure that your financial accounts are accurate, compliant, and submitted on time.
What are Financial Accounts?
Annual financial accounts provide a summary of a company’s financial activities over the accounting year. These must include the profit and loss statement, balance sheet, and other key reports required for regulatory compliance and tax filings.
All registered companies in the UK are required to submit financial accounts.
Reporting Deadlines
Company Year-End
The end of your company’s financial year
1
Deadline to file annual accounts with Companies House
9 Months After Year-End
2
Deadline to submit the Company Tax Return to HMRC
12 Months After Year-End
3
31 January
Deadline for any self-assessment tax payments if applicable
4
Meeting financial reporting deadlines is crucial for avoiding penalties. The deadline for submitting financial accounts will vary depending on your individual circumstances.
What Happens if I Don’t File?
Failing to file financial accounts and company tax returns on time can result in significant consequences, including:
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Fines and Penalties – Late filing penalties start at £100 and can increase significantly.
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Interest on Late Payments – HMRC may charge interest on unpaid tax.
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Potential Investigation – Persistent non-compliance could lead to an HMRC audit or compliance check.
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Dissolution Risks – Companies House may take action against businesses failing to meet filing obligations.
Our team ensures timely submission, preventing unnecessary fines and regulatory issues.
Our Services
We assist businesses in preparing and filing accurate financial accounts, ensuring compliance with Companies House and HMRC requirements. Our services include bookkeeping, account reconciliation, and preparing statutory accounts, so you can focus on running your business.
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Preparation of annual financial account statements as required, based on your business type
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Profit and loss accounts
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Balance sheets
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Bookkeeping
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Statutory accounts
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Adjustments & reconciliations
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Assistance with tax filings and reporting
Our service ensures full compliance with HMRC and Companies House requirements, with regular updates to reflect the latest regulatory changes.
We can prepare financial account statements for:
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Limited Companies
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Sole Traders & Partnerships
We are compliant with the latest accounting standards in the UK, including:
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International Financial Reporting Standards (IFRS)
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New UK Generally Accepted Accounting Practice (UK GAAP)
We also offer a range of bookkeeping services:
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Bank Reconciliation – Ensuring all transactions match your financial records.
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Accounts Payable & Receivable Management – Keeping track of outstanding invoices and payments.
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Payroll Processing – Managing employee salaries, taxes, and pension contributions.
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Financial Reporting – Preparing profit and loss statements, balance sheets, and other key reports.
Accounting Software Support – We offer support with Xero, QuickBooks, and Sage to ensure seamless financial management.
Why Choose
TB Accountants?
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Comprehensive Financial Reporting – We prepare financial account statements in accordance with UK accounting standards based on your business type.
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Compliance & Accuracy – Our team ensures your accounts comply with HMRC and Companies House regulations, minimising the risk of errors or penalties.
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Tailored Support – We understand that every business is unique. Our accountants provide personalised guidance and strategic advice to help you make informed financial decisions.
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Efficient & Hassle-Free Service – We handle all aspects of financial accounts preparation, allowing you to focus on running your business.
Success Stories
Client B: The expert tax advice from TB Accountants resulted in significant tax savings for our business.
Client A
Client E
Client C: The audit services from TB Accountants ensured our compliance with regulations and improved our financial transparency.
Client B
Client F
Client D: TB Accountants' consulting services provided us with strategic insights that boosted our business performance.
Client C
Client G