Year-End Accounts

Ensure your compliance with your year-end tax accounts.

Are you a director/owner of the limited company but find the UK accounting standards long-winded and daunting? Are you concerned that you may be providing too little or too much information in the public domain? Our specialist team in Nottingham can help you.

With our advanced knowledge of the relevant regulations, we can help you determine which standards and policies are best to follow and the recommended level of disclosure to provide the correct amount of information while protecting your personal interests.

What are statutory accounts?

These are financial statements that are required to be prepared and filed at Companies House and HMRC. They are normally prepared to cover one year and need to be filed within nine months after that period.

The key components of a financial statement are:

A directors’ report: this states the directors’ view of the company position and how it conforms with the financial reporting standards
A profit and loss statement: showing the income and expenditure incurred by a company during the period

A balance sheet: showing the assets held by the company, along with its liabilities and equity, at the end of the accounting period
Notes to the accounts: showing the accounting policies adopted, and more detailed in information revealing the details behind figures within the profit and loss and balance sheet

Our approach

Page Kirk offers a comprehensive accountancy service ensuring that your accounts are in good hands. We talk to you through the process providing specialist advice tailored to your needs, giving you the ability the prioritise what matters most, the day-to-day running of your business.

How can we help?

Preparing statutory accounts suitable for filing at Companies House and HMRC

With our many years of experience, we will prepare your accounts in the correct format and disclose the correct amount of information, giving you peace of mind. During the process, we will provide updated guidance on what is required to be filed, protecting personal information such as dividends declarations. Using our state-of-the-art accounting production system, we can easily prepare the accounts for your review and signature before filing the documents at Companies House and HMRC electronically, reducing the worry of accounts being lost in the post and associated penalties.

Choosing the right accounting standards

Using our experience of UK general accounting standards, we can help you choose the correct accounting standards for your business. This could be:

FRS101
This is very similar to the EU-adopted IFRS but does provide reduced disclosure exemptions. This is mainly for firms with subsidiaries that would be otherwise be required to adopt IFRS standards
FRS102
The main UK accounting standards suitable for all companies. There is also FRS102 1A, providing a reduced disclosure framework for small companies
FRS105
The UK accounting standard for micro-entity companies

Whatever you choose, we will ensure it is right for you.

Assist in choosing the right accounting policies for your business

With our understanding of businesses across a variety of sectors, we can help choose suitable policies related to the following (among other areas):

Goodwill and other intangibles capitalisation
Tangible fixed asset capitalisation
Depreciation and amortisation charges
Inventory valuation

Bad debts provision
Warranty provision
Work-in-progress valuation
Long-term contract valuation

Important Dates for filing Limited Company Accounts

There are some important dates as with filing your accounts:

Companies House requires accounts to be filed within 9 months from the end of the accounting reference date

Corporation tax return must be filed within 12 months from the end of the accounting reference date and must be paid within 9 months and one day from the end of the accounting reference date

Why choose Page Kirk for your
year-end accounts?

The administration required for your business can be complicated and time-consuming. Page Kirk can, however, complete all the necessary work on your behalf. We can ensure that you are working in the most efficient and compliant way possible to meet ongoing regulations.

What really matters to us is building the long-term relationships our clients are looking for and giving them the very best advice. Beyond our year-end accounts services, we are here to help you identify the strengths and weaknesses within your business. By tailoring our package of services to your business needs, we can fulfil your expectations, maintain deadlines, and do the legwork for you.

A single point of contact for all of your enquiries
A service that is tailor-made for you
Quick response time
Business heritage dating back over 120 years

Nottingham-based accountants with national and international reach
Saving you valuable time with technology solutions
Hands-on partners who give you the best advice

With Page Kirk, not only will your business be compliant with laws and regulations, but you will also be assured that our team will recognise operational areas for improvement, such as better structures and areas where technology can be used to bring down costs and increase efficiencies.

What’s next?

Arrange a consultation to find out how we can help you. Call us today on 0115 955 5500 or email enquiries@pagekirk.co.uk.

Talk to Our Team

If you already have an accountant, it’s quick and easy to switch to Page Kirk.

Page Kirk is a leading accountancy practice in Nottingham, but we service clients across the country, so wherever you are based, we can help. We will assign you an accountant to assist you in growing your business and improving its efficiency. Contact us to find out how we can help you today.

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From ensuring that you comply with your statutory requirements, to navigating the scaling-up of your business, through to effective profit extraction and dealing with your tax affairs, Page Kirk Nottingham accountants are here for you every step of the way.

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