Limited Company Accounts and Corporation Tax

For limited companies, year-end accounts and Corporation Tax returns are more than just statutory obligations—they’re an opportunity to assess business performance, plan for the future, and ensure you only pay as much tax as necessary. Our accountancy firm is committed to making this process smooth, efficient, and strategically beneficial for your business.

Year-End Planning Meeting: Proactive Support Before Deadlines

We don’t just wait until your year end to take action. Instead, we schedule a dedicated planning meeting 1–2 months before your financial year concludes. This gives us—and you—the chance to:

• Review the current trading position.
• Forecast year-end profits and Corporation Tax liabilities.
• Identify any last-minute tax-saving opportunities.
• Discuss dividends, director salaries, and pension contributions.
• Plan capital purchases or investments for maximum tax efficiency.

This forward-looking approach gives you time to make informed decisions before the year closes, potentially reducing your tax liability and improving your financial outcome.

Preparation of Statutory Accounts

Once your year end has passed, we begin preparing your statutory accounts in accordance with UK accounting standards (FRS 102 or FRS 105, depending on your business). These accounts provide a clear and compliant summary of your company’s financial activity for the year, and are used for:

• Filing with Companies House.
• Calculating your Corporation Tax return.
• Supporting loan or funding applications, where required.

We ensure that your accounts are not only accurate but also prepared in a format that is clear, professional, and investor-ready if needed.

Corporation Tax Return (CT600) Preparation and Submission

With your accounts finalised, we calculate your Corporation Tax liability and complete the necessary CT600 return. Our team ensures:

• All eligible business expenses and reliefs are claimed.
• Any tax planning strategies discussed earlier are implemented correctly.
• You’re compliant with HMRC requirements and Making Tax Digital obligations, if applicable.

We explain your Corporation Tax position in plain English, ensuring you understand what you owe and why.

Timely Filing and Early Submission

Our goal is to agree and submit your accounts and tax return as soon as possible after your year end—often well ahead of the statutory deadlines. This gives you:

• Certainty about your tax bill.
• More time to plan for payment.
• Peace of mind that your compliance obligations are handled.

No last-minute scrambles. No unpleasant surprises.

Ongoing Support and Advice

Throughout the year, we’re available to answer your questions on bookkeeping, allowable expenses, director remuneration, or business structure. By understanding your business, we can offer tailored advice to support growth and financial stability.