Annual Accounts Service in the UK

We make annual accounts easy for UK businesses. We check your records and prepare your accounts so you can file annual accounts correctly and on time with Companies House. This helps you avoid mistakes and late fees. You can focus on your business while we take care of your financial reports.

We work with all kinds of businesses, from new startups and small companies to bigger firms. Our team knows what each business needs and makes sure your accounts meet all the rules. Trust PHS Associates for simple, accurate, and on-time annual accounts.

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What Are Annual Accounts?

Annual accounts reports provide a detailed summary of your business's financial performance. Our expert team ensures accurate, compliant accounts, saving you time and helping your business develop. Trust us for seamless and reliable financial reporting.

Key Benefits of Year-End Accounts:

Financial Overview

See a clear picture of your business’s finances.

Legal Compliance

Meet legal requirements for filing accounts.

Better Decisions

Use financial insights to improve and grow.

Performance Tracking

Monitor your business progress year after year.

Trust us for smooth and reliable year-end accounts preparation.

Who Must File Annual Accounts in the UK?

All limited companies registered in the UK must file annual accounts with Companies House every year. This requirement applies to all types of companies, including active, dormant, small, and micro-entities. Even if your business has little or no activity, submitting your final accounts on time is essential to comply with legal obligations.

Key points to remember:

All UK limited companies are legally required to file annual accounts each year.

This includes active, dormant, small, and micro-entity companies.

Final accounts must be prepared accurately and submitted on time.

Company directors are responsible for ensuring compliance.

Missing deadlines can lead to fines and harm your company’s reputation.

Filing annual accounts promptly keeps your business in good standing with the authorities and avoids penalties.

Why Choose Our Annual Accounts Service

Expert Accuracy

We prepare compliant annual accounts as per your business needs.

Save Time

We handle your accounts so you can focus on growing your business.

Tax Savings

Our team finds ways to help you keep more of your profits.

Full Support

We also offer bookkeeping, VAT, and other financial services for your convenience.

Deadlines and Penalties for Annual Accounts

Private limited companies must file annual accounts within 9 months of the financial year-end.

Public companies have a 6-month deadline.

Missing the deadline incurs automatic fines starting at £150, increasing with delay.

Repeated late filing leads to higher penalties and can harm your company’s reputation.

Missing deadlines can lead to fines and harm your company’s reputation.

Directors are legally responsible for filing accounts on time.

Deadlines falling on weekends or holidays still require on-time filing.

PHS Associates monitors your deadlines and handles submissions to help you avoid fines.

Early filing reduces risks if accounts are rejected and need resubmission.

Who we support

We provide customised Annual Accounts services to diverse clients, including:

Small Businesses

We help manage financial reporting, ensuring compliance and maximising savings.

Freelancers and Sole Traders

Our team simplifies accounting, enabling accurate record-keeping and effortless tax compliance.

Startups

We establish sound accounting practices to support growth and innovation from the start.

Limited Companies

Our services include complete annual accounts report preparation to meet regulatory requirements.

Non-Profit Organisations

We assist charities in maintaining financial transparency, allowing them to focus on their mission.

What Do Annual Accounts Include?

Annual accounts, also called statutory accounts, are official financial reports that UK companies must prepare each year. They provide a clear view of your business’s financial position and performance.

Key parts of annual (statutory) accounts include:

Balance Sheet
Shows what the company owns, owes, and its net value at the year-end.
Profit and Loss Account
Summarises income, expenses, and profit or loss for the year.
Notes to the Accounts
Explains figures and gives extra details.
Director’s Report
Overview of business activities and future plans (not required for micro-entities).
Auditor’s Report
Independent check of accounts if an audit is needed.

These documents must follow UK accounting rules and be filed with Companies House and HMRC.

Frequently Asked Questions

Limited companies, small businesses, and some LLPs use statutory accounts preparation services to comply with legal filing requirements and ensure accurate financial reporting to authorities.

Statutory accounts preparation means producing annual financial statements for a limited company, required by law for submission to Companies House and HMRC in the UK.

UK limited companies must submit statutory accounts to Companies House within 9 months of the year-end to avoid penalties and ensure legal compliance.

Annual accounts include the balance sheet, profit and loss statement, cash flow statement, notes to the accounts, and a director’s report summarising the company’s financial performance.

In the UK, failing to file annual accounts on time with Companies House results in penalties starting at £150, increasing to £1,500 for private companies and up to £7,500 for public companies.

Yes, all limited companies in the UK must file annual accounts with Companies House, regardless of size or profitability, to comply with legal requirements.

As of June 2016, annual returns have been replaced by the Confirmation Statement. All UK companies must file a Confirmation Statement annually, so no company is exempt from this requirement.

We produce clear, detailed year-end reports, identify tax deductions, and maximise savings while ensuring all statutory deadlines are met.

Typically, bank statements, invoices, receipts, payroll records, and bookkeeping data are required for accurate account preparation.

Yes, we give services to all business sizes, from startups to well-established companies across the UK.

PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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Company number - 08670151

Annual Accounts Service in the UK

What Are Annual Accounts?

Who Must File Annual Accounts in the UK?