Every UK limited company must file financial statements with Companies House every year. Getting the accounting standard wrong, missing iXBRL tagging requirements, or missing deadlines triggers automatic penalties and HMRC scrutiny. We handle everything.
Tell us your year-end and we’ll quote you a fixed fee within one business day.
What Your Financial Statements Include
We prepare statutory accounts that meet UK GAAP requirements, are tagged in iXBRL for HMRC and Companies House, and are filed on time — every time.
Profit & Loss Account
A full income statement showing your revenue, cost of sales, gross profit, operating expenses, and net profit (or loss) for the period. Prepared to FRS 102 or FRS 105 as appropriate.
Balance Sheet
Assets, liabilities and equity as at your year-end date. Signed by a director as required under the Companies Act 2006. We ensure all disclosures are present and correct.
Notes to the Accounts
Accounting policies, director remuneration, related party transactions, and all other required disclosures. The notes are where compliance issues most often arise — we get them right.
iXBRL Tagging
All filings to HMRC via the CT600 must be in inline XBRL format. We handle the tagging so your accounts are machine-readable and accepted first time.
Companies House Filing
We file your accounts directly with Companies House via the WebFiling portal. Micro-entity or small company — we choose the correct exemptions to minimise what is publicly disclosed.
Directors’ Report
Required for companies above micro-entity threshold. We draft a compliant Directors’ Report covering the company’s principal activities, review of the year, and any required disclosures.
FRS 102 or FRS 105 — Which Standard Applies to You?
FRS 105 — Micro-entity Regime
✓Turnover below £632,000
✓Balance sheet below £316,000
✓No more than 10 employees
✓Minimal public disclosure required
✓No requirement for notes beyond basic
✓Quickest and most cost-effective option
FRS 102 Section 1A — Small Company
✓Turnover up to £10.2 million
✓Balance sheet up to £5.1 million
✓Up to 50 employees
✓More comprehensive notes required
✓Better suited to companies seeking finance
✓Required if you have complex transactions
Financial Statements Questions
Private limited companies must file their annual accounts with Companies House within 9 months of their accounting reference date (year-end). For your first set of accounts after incorporation, the deadline is 21 months from the date of incorporation. Missing this deadline incurs automatic penalties starting at £150 for accounts up to one month late, rising to £1,500 for accounts more than six months late.
Most UK SMEs are exempt from audit. To qualify for audit exemption, your company must meet at least two of the following: turnover below £10.2 million, balance sheet total below £5.1 million, and fewer than 50 employees. If you have subsidiaries, are a public company, or are regulated by the FCA, audit exemption may not apply. We will confirm your audit status as part of our onboarding.
Yes — we work directly with Xero, QuickBooks, FreeAgent, and Sage, as well as spreadsheet-based records. We will review your trial balance, make any necessary adjustments (accruals, prepayments, depreciation), and then produce the statutory accounts from the adjusted figures. We do not require your records to be perfect — part of our job is identifying and correcting errors before they reach the filed accounts.
Companies House imposes automatic civil penalties for late filing: £150 for accounts up to one month late, £375 for one to three months late, £750 for three to six months late, and £1,500 for over six months late. These penalties double if your accounts are late in two consecutive years. HMRC also imposes separate penalties for late filing of the CT600 tax return. We track all your deadlines and send reminders well in advance.
Accounts prepared. Filed. Done.
Fixed fee, fast turnaround, and a Chartered Accountant signs every set. Book a free call and we’ll quote within 24 hours.