Annual accounts and corporation tax return preparation and filing form part of our core accounting service to small and medium size companies.

We work diligently to ensure that our Clients accounts and tax affairs comply with the relevant UK Companies Acts, HMRC Legislation and Financial Reporting Standards.

Annual accounts and corporation tax filig deadlines

Company directors are responsible for filing statutory accounts with Companies House at the end of their company’s financial year. The Companies House filing deadline for annual accounts is 9 months from the end of the financial year.

Our compliance software ensures that Clients do not incur late filing penalties and fines by monitoring Companies House and HMRC filing deadlines.

HMRC requires UK companies to file and pay corporation tax on their profits within 9 months after the end of their financial year.

Both Companies House and HMRC impose late filing penalties when accounts which are not delivered by the filing deadline.

When and how to file your annual accounts with Companies House

Small companies
Small companies can choose to file abridged accounts. These are a simplified version of your accounts and do not need a directors’ report or a profit and loss account.
Your company will be ‘small’ if it has any 2 of the following:
  • turnover is less than £10.2 million
  • balance sheet is less than £5.1 million
  • have fewer than 50 employees
Companies with even smaller turnovers are classed as micro-entities.
Your company can file micro-entity accounts if it has any 2 of the following:
  • turnover does not exceed £632,000
  • balance sheet does not exceed £316,000
  • no more than 10 employees
Dormant companies
A dormant company must still file annual accounts for Companies House. There are different requirements for Corporation Tax and Company Tax Returns with HMRC.
Your company is called ‘dormant’ by Companies House if it’s had no ‘significant’ transactions in the financial year that you’d normally report. Significant transactions do not include:
  • filing fees paid to Companies House
  • penalties for late filing of accounts
  • money paid for shares when the company was incorporated
Dormant companies that qualify as ‘small’ can take advantage of audit exemption and do not need to be audited.