Year-end accounts services

Year-end accounts, also called statutory or company accounts, must be filed within 12 months from the company's incorporation date, ensuring compliance with annual reporting requirements.

All UK-based companies, including Ltd Companies, LLPs, and Sole Traders, must file year-end accounts as a mandatory requirement for registration and compliance with regulatory standards.

Year-end accounts usually consist of the company's financial statements, encompassing the balance sheet, profit and loss account, and accompanying notes providing additional details for a comprehensive financial overview.

Late filing of year-end accounts may lead to penalties and fines from HMRC and Companies House. Ensure timely submission to avoid financial consequences and maintain compliance with regulatory authorities.

Companies can request a year-end accounts filing extension under certain circumstances. Approval from both HMRC and Companies House is necessary, and eligibility is determined based on specific criteria.

Certain small companies might qualify for exemptions from specific disclosure requirements in their year-end accounts. It's crucial to seek professional advice to assess eligibility and ensure compliance with relevant regulations.