Every company has a legal obligation to prepare company accounts that comply with Companies Act and UK Accounting Standards. These are also called company year-end accounts and must be submitted with Companies House within 9 months of the end of the year.
Depending on the nature of your business, you may or may not need to have your accounts audited. We will take all necessary steps to create year-end accounts for your company that comply with your reporting obligations.
There are penalties for the late filing of accounts with Companies House.
| Penalties for late filing | Penalty (for private limited companies) |
|---|---|
| Up to 1 month | £150 |
| 1 to 3 months | £375 |
| 3 to 6 months | £750 |
| More than 6 months | £1,500 |
At Martax, we can help you:
- Prepare you company statutory accounts from cash books, bank statements, trial balance and other source documents
- Advising on accounting treatment of various transactions considering UK Accounting Standards
- Calculation of the corporation tax due
- Submission of accounts with HMRC and Companies House using HMRC approved software.
For more information and to arrange a free consultation, please contact us.
