We’re here to keep you compliant, so you don’t need to worry

Dealing with HMRC and Companies House can be a big worry for small businesses, and a real distraction from the everyday challenges of running your business. Let us do it for you.

Year-end statutory accounts

All UK based limited companies, charities, and indeed any branches of an overseas company must file a document called ‘Year End accounts’ with HMRC and Companies House at the end of every financial year. It can be a daunting undertaking for any business owner as they must also file a year end for their directors, shareholders and other stakeholders, such as bankers and, when required, HM Revenue & Customs.

The changing format can confuse the best of business owners and at the end it can feel like a huge hurdle. The risk of getting it wrong is significantly higher, especially due to the fundamental changes that have occurred in UK Generally Accepted Accounting Practice (UK GAAP).

Based on your bookkeeping records we will prepare annual and statutory accounts which will form the foundation of your tax return. We offer all statutory and non-statutory accounting services.

Here’s whats included:

• Statutory Year End/Annual Accounts to HMRC (For sole traders and partnerships)
• Abbreviated Accounts to companies house (For small limited companies)
• Financial Statements in IFRS/UK GAAP

Corporation tax return

Your Corporation Tax Return contains details of your company’s income, minus any tax allowances and expenses. The remaining figure – your profits – will then be used to calculate how much Corporation Tax your company owes.

Unfortunately, not submitting your tax return on time can result in considerable penalties and interest being accrued by HMRC. This is why it’s so important to put arrangements in place early on to ensure everything is completed on time.

Navigating your corporation tax returns can be compared to negotiating a minefield. Whichever way you look at it, annual corporate tax returns can cause a headache and the issues related to it are enough to cause you sleepless nights. However, you don’t have to worry. We will help you by taking over the annual process of filing your tax return.

Here’s whats included:

• Corporate tax planning and preparation of annual return for limited companies
• Tax compliance and advice
• Calculating tax liability
• Making the most of reliefs, tax losses and deferment opportunities
• Capital gains tax • Tax scheme • Submission of tax return
• Review company taxation affairs and position
• Correspondence with HMRC

Annual Confirmation Statement

The confirmation statement, formerly known as annual return, is a document that every limited company and LLP must file at Companies House every 12 months. For limited companies, a confirmation statement will include details for its directors and shareholders, while the confirmation statement of an LLP will include details of its shareholders. Both limited companies and LLPs, show the business’s registered address.

Londongate Accountancy Ltd start preparing confirmation statements, just as soon as the anniversary of the incorporation date has passed. This allows plenty of time to review draft confirmation statement, company dissolution and can improve credit score rating.

It’s important to note that missing your filing date can lead to the prosecution of directors and dissolution of your company.
Our expert accountants can prepare and file your confirmation statement to the Companies House, so please get in touch