Company Accounts

Keeping your company accounts accurate and compliant is one of the most important responsibilities of every limited company director. Preparing statutory accounts is not simply a legal requirement—it provides valuable insight into your company’s financial performance and helps ensure your business remains compliant with Companies House and HMRC regulations.

At Business Management Consultation (BMC), we provide professional company accounts services tailored to businesses of all sizes. Whether your company is newly incorporated or well established, our experienced accountants prepare accurate statutory accounts while helping you understand your financial position and meet all filing obligations with confidence.

What Are Company Accounts?

Company accounts, also known as statutory accounts or annual accounts, are a summary of your company’s financial activities during an accounting period.

These accounts provide information about your company’s:

• Income and expenditure
• Assets and liabilities
• Profit or loss
• Shareholders’ funds
• Financial position at the year end

Most UK limited companies are legally required to prepare and file annual accounts with Companies House and submit the relevant information to HMRC as part of their Corporation Tax obligations.

Why Accurate Company Accounts Matter

Preparing company accounts is about far more than meeting statutory deadlines.

Accurate accounts allow business owners to:

• Understand business performance.
• Monitor profitability.
• Improve cash flow management.
• Make informed business decisions.
• Support applications for finance and mortgages.
• Demonstrate financial credibility to lenders and investors.
• Reduce the risk of costly errors or HMRC enquiries.

Well-prepared accounts also provide the foundation for effective tax planning and future business growth.

Our Company Accounts Services

At Business Management Consultation (BMC), we provide a complete company accounts service designed to remove the stress of year-end compliance.

Our services include:

• Preparation of statutory annual accounts.
• Companies House compliant financial statements.
• Corporation Tax computations.
• CT600 preparation and submission.
• Review of accounting records.
• Year-end adjustments.
• Director loan account reviews.
• Fixed asset register reviews.
• Depreciation and capital allowance calculations.
• Accruals and prepayments.
• Bank reconciliations.
• Balance sheet reconciliations.
• Profit and Loss Account preparation.
• Financial statement disclosures.
• Filing with Companies House.
• Corporation Tax submission to HMRC.

Our aim is to ensure your accounts are accurate, compliant, and submitted well before the statutory deadlines.

Who We Work With

We prepare company accounts for businesses across a wide range of industries, including:

• Retail businesses
• Restaurants and cafés
• Construction companies
• Property investment companies
• Consultants
• Professional service firms
• Technology businesses
• Healthcare providers
• E-commerce businesses
• Start-up companies
• Family-owned businesses
• Charities and not-for-profit organisations

Whether your company is small or growing rapidly, we tailor our services to suit your business.

Our Company Accounts Process

Our straightforward process makes preparing your annual accounts simple and efficient.

Step 1 – Collect Your Financial Records

We review your bookkeeping records, bank statements, invoices, payroll information, and supporting documentation.

Step 2 – Review and Reconcile

Our accountants reconcile your financial records and identify any adjustments required before preparing your accounts.

Step 3 – Prepare Your Annual Accounts

We prepare your statutory accounts in accordance with UK accounting standards and Companies House requirements.

Step 4 – Tax Review

We calculate your Corporation Tax liability and identify any available tax reliefs where appropriate.

Step 5 – Approval

We discuss the completed accounts with you, answer any questions, and obtain your approval before submission.

Step 6 – Filing

Once approved, we file your accounts with Companies House and submit your Corporation Tax Return to HMRC where applicable.

Filing Deadlines

Missing your filing deadlines can result in significant penalties.

Depending on your company, important deadlines may include:

• Annual Accounts filing with Companies House.
• Corporation Tax Return (CT600).
• Corporation Tax payment.
• Confirmation Statement.
• VAT Returns (if registered).
• Payroll reporting obligations.

We help ensure your business remains fully compliant throughout the year.

Why Choose Business Management Consultation (BMC)?

For over a decade, Business Management Consultation has helped more than 1,000 businesses remain compliant while providing valuable financial insight beyond the numbers.

When you choose BMC, you benefit from:

• Experienced accountants and advisers.
• Accurate statutory accounts.
• Companies House compliance.
• HMRC compliance.
• Personalised professional advice.
• Transparent pricing.
• Proactive deadline reminders.
• Ongoing business support.
• Tax-efficient planning.
• Friendly, responsive service.

We believe company accounts should do more than satisfy legal requirements—they should help business owners understand their business and make informed decisions for the future.

Frequently Asked Questions

What are statutory accounts?

Statutory accounts are the annual financial statements that most UK limited companies must prepare and file with Companies House.

When do I need to file my company accounts?

Generally, your first accounts are due 21 months after incorporation, with subsequent accounts usually due 9 months after your company’s accounting reference date.

What happens if I file late?

Late filing penalties are issued automatically by Companies House and increase depending on how late your accounts are submitted.

Can you prepare accounts from bookkeeping records?

Yes. Whether you maintain your own bookkeeping or use bookkeeping software, we can prepare your statutory accounts from your financial records.

Do you also submit my Corporation Tax Return?

Yes. We can prepare and submit your Corporation Tax Return (CT600) to HMRC alongside your annual accounts where instructed.

Ready to Prepare Your Company Accounts?

Whether you need professional advice, ongoing support, or would like to discuss your requirements, the team at Business Management Consultation (BMC) is here to help.

Call us today on 01273 777 333 or get in touch to arrange a consultation.