Service
Year-end accounts, prepared properly and explained clearly.
We turn a year of records into a set of accounts that satisfies the filing requirements and actually tells you something useful about how the business performed.
- Statutory accounts for limited companies
- Sole trader and partnership accounts
- Reviewed with you before anything is filed
Overview
What year-end accounts involve
Your year-end accounts summarise what the business earned, what it spent and what it owns and owes at the end of the financial year. For a limited company they are a legal requirement, filed at Companies House and used as the basis for the corporation tax return. For a sole trader or partnership they support the figures that go on to a tax return.
The preparation work is largely the same either way: we take your records, reconcile them, resolve anything that does not add up, apply the right accounting treatment and produce a set of accounts in the correct format. What differs is what gets filed and where.
What you get
What is included
Every year-end engagement covers the same core work. Anything outside it is quoted before we start.
Records review and reconciliation
We check your bookkeeping against bank statements and supporting documents, and query anything that looks inconsistent before it reaches the accounts.
Accounts preparation
Full preparation in the correct format for your entity type, including notes, comparatives and the disclosures required for the size of your business.
A review meeting
We take you through the figures, explain what has changed since last year and answer questions before you approve anything.
Filing and confirmation
Once approved, we file with Companies House where required and send you copies of everything submitted for your records.
Next-year planning
We flag anything that would make next year smoother, from a record-keeping change to a decision better taken before the year end than after it.
More detail
What we need from you
The more complete your records, the quicker and cheaper the work. If your bookkeeping is behind, tell us early: catching up is a normal part of the job and we would rather plan for it than discover it in the final fortnight.
A typical request list
- Bank statements covering the full financial year for every account used
- Sales invoices or a summary of income by month
- Purchase invoices and receipts for business expenses
- Loan, finance and lease agreements entered into during the year
- Stock figure at the year end, if you hold stock
- Details of any money introduced to or taken from the business by the owners
- Payroll reports, if you run a PAYE scheme
Accounts that are worth reading
A set of accounts filed on time and never looked at again is a missed opportunity. When we take you through yours, the focus is on the handful of things that matter: whether margins moved, where costs grew faster than income, how much of the profit is actually available to take out, and what that means for the year ahead.
You do not need to understand every note to get value from the conversation. Our job is to translate the figures into decisions you can act on.
Process
How the year-end runs
A predictable sequence, started early enough that nothing depends on a last-minute scramble.
Step 01: Request
Shortly after your year end we send a tailored list of what we need, based on what we already hold.
Step 02: Preparation
We reconcile the records, prepare the accounts and raise any queries in a single batch rather than a stream of emails.
Step 03: Review
We walk you through the draft accounts and the resulting tax position, and make any corrections needed.
Step 04: Approval and filing
You approve the final version, we file it where required, and you receive copies plus the dates for next year.
Questions
Common questions
If something is not covered here, ask us directly and we will give you a straight answer.
With complete records, most small company accounts are drafted within two to three weeks of receiving everything. Incomplete records or unanswered queries are the usual cause of delay, so the timetable is largely in your hands once the work has started.
It is common and it is fixable. We assess how much catch-up work is involved, quote it separately so it does not distort your ongoing fee, and then bring the records to a point where the accounts can be prepared.
A dormant company still has filing obligations, though the accounts themselves are much simpler. We can prepare and file dormant accounts and the confirmation statement for a reduced fee.
Companies House issues automatic late filing penalties that increase the longer the delay continues, and persistent failure can lead to further action against the company and its directors. If you are already late, the priority is to file as quickly as possible, and we can help you do that.
Get a fee for your year-end accounts.
Tell us your structure, turnover and how your records are kept, and we will give you an indicative monthly figure straight away.