Filing statutory accounts is a crucial part of business operations in the UK, ensuring that your company complies with UK accounting regulations. At Pearl Lemon Accountants, we offer expert statutory accounts filing services that help businesses meet their legal obligations without confusion. Whether you run a small startup or a large corporation, our team is here to efficiently manage your statutory accounts, allowing you to focus on what you do best—growing your business.
We know that meeting statutory obligations can feel overwhelming. But with Pearl Lemon Accountants on your side, you’re in safe hands. We understand the importance of timely and accurate filings and are committed to simplifying the process for you. As a trusted partner, we’ll help ensure your business stays compliant with UK law, avoiding penalties and other costly issues.
Book a consultation today to ensure your statutory accounts filing is handled correctly.
Our Services
We offer a full suite of services customized to businesses in the UK, assisting with statutory accounts filing and beyond. We pride ourselves on delivering professional, reliable service and can support businesses of any size. Here’s an overview of the services we offer:
Statutory Accounts Preparation
Preparing your statutory accounts isn’t just about meeting legal requirements—it’s about providing an accurate, detailed snapshot of your financial position. Our team will work closely with you to collect the necessary information and ensure your accounts are prepared to the highest standard, fully compliant with UK accounting regulations.
Our statutory accounts preparation service includes:
- Gathering financial information: We collaborate with your team to collect all relevant documents, such as bank statements, invoices, and receipts.
- Preparing key financial statements: We ensure your balance sheet, profit & loss statement, and cash flow statement are complete and accurately reflect your financial position.
- Ensuring compliance: We prepare accounts in line with the latest Companies House guidelines, ensuring full compliance with UK law.
How it helps: By accurately preparing your statutory accounts, we help mitigate the risk of errors and avoid issues with HMRC or Companies House. You can rest easy knowing that your accounts are in order.
Financial Statement Review
Before submitting your statutory accounts to Companies House, it’s essential to conduct a thorough review of your financial statements. This service ensures your balance sheet, profit & loss, and cash flow statement are accurate and free from errors.
How we help:
- Spotting discrepancies: We scrutinise your financial statements for any inconsistencies or issues that could result in incorrect filings or penalties.
- Ensuring accuracy: We ensure your financial data is correctly presented, meeting accounting standards and regulations.
- Providing recommendations: If necessary, we offer advice to improve your accounts before submission.
How it helps: This service reduces the likelihood of errors and ensures your company’s financial health is accurately reflected. It can also save time by preventing the need for resubmissions to Companies House.
Filing with Companies House
Once your statutory accounts are finalised, we will file them with Companies House on your behalf. This is a legal obligation for all UK companies, and it’s essential to meet the filing deadline to avoid penalties.
How we help:
- Timely submission: We take care of the entire filing process, ensuring your accounts are submitted before the deadline.
- Direct submission: We handle the filing, submitting your accounts directly to Companies House.
- Confirmation: Once your accounts are filed, we’ll provide you with confirmation that the process has been completed.
How it helps: Timely filing of your accounts prevents fines and ensures your company remains in good standing with Companies House.
Tax Compliance and Reporting
In addition to statutory accounts filing, ensuring your business is compliant with tax regulations is crucial. Our tax compliance services help you accurately file your tax returns and meet your obligations to HMRC.
How we help:
- Tax returns: We handle the preparation and submission of your tax returns, ensuring they’re correctly filed with HMRC.
- Tax planning: We provide advice on tax-saving strategies to minimise your company’s tax liabilities.
- Audit preparation: We ensure your financial statements align with HMRC’s requirements, making any audits smoother.
How it helps: This service ensures your business stays compliant with tax regulations and avoids penalties. We also offer strategies to reduce your tax liabilities where possible.
Corporation Tax Filing
Corporation tax filing is a critical part of statutory accounts filing. Our team ensures that your corporation tax return is accurate and submitted on time.
How we help:
- Corporation tax calculation: We calculate your corporation tax liability based on your profits and allowable expenses.
- Timely filing: We make sure your corporation tax return is filed before the deadline to avoid late penalties.
- Tax advice: We provide advice on ways to reduce your corporation tax bill through allowable deductions and credits.
How it helps: Timely and accurate filing ensures your company avoids unnecessary fines. Our expertise helps minimize your corporation tax liabilities.
Accounts Finalisation and Filing
Once your statutory accounts have been prepared and reviewed, we ensure they are finalised and ready for submission to Companies House.
How we help:
- Final review: We conduct a thorough final review of your accounts to ensure they’re complete and accurate.
- Submission readiness: We ensure all paperwork is in order and ready for submission.
- Submission confirmation: After filing your accounts, we confirm that your submission has been successfully processed.
How it helps: This final step ensures that your accounts are in full compliance with Companies House and HMRC, preventing any last-minute issues.
Ongoing Compliance Support
At Pearl Lemon Accountants, we don’t just file your statutory accounts and leave you to it. We offer ongoing compliance support to ensure your business remains up to date with accounting regulations year-round.
How we help:
- Annual reminders: We provide reminders for key filing deadlines so you never miss an important date.
- Regular updates: We keep you informed of any changes to accounting regulations or tax laws that might affect your business.
- Ongoing support: Whether you need advice or assistance with accounting-related matters, our team is always available to help.
How it helps: Ongoing support ensures your business stays compliant and up to date, helping you avoid penalties and stay on top of regulatory changes.
Why Choose Us?
At Pearl Lemon Accountants, we have the knowledge and experience to handle all aspects of statutory accounts filing for your business. Here’s why clients trust us:
- Experience: With years of experience, we’ve helped many businesses across the UK stay compliant with statutory filing regulations.
- Expert knowledge: Our team is always up to date with the latest changes in UK accounting and tax laws, ensuring your business remains compliant.
- Client-focused approach: We take the time to understand your business and design our services to your specific needs.
Frequently Asked Questions
Statutory accounts are financial statements that UK companies must prepare and file annually with Companies House. These include the balance sheet, profit & loss account, and cash flow statement.
Filing statutory accounts is a legal requirement for all UK companies. Failure to file on time may result in fines and penalties.
Statutory accounts must be filed annually, within nine months after the end of your company’s financial year.
If you miss the deadline, your company could face fines starting at £150, and the penalties increase the longer the delay.
While you can file your statutory accounts on your own, it’s advisable to hire professionals to ensure accuracy and timely submission.
Get Your Statutory Accounts Filed with Confidence Today!
Ready to file your statutory accounts with confidence? Book a consultation with us today and ensure your business is fully compliant without the stress.
