UK Annual Accounts
Filing & Preparation

Annual Accounts (also known as Statutory Accounts) are a financial summary of your company's performance over the financial year. They must be prepared according to UK accounting standards and filed with both Companies House and HM Revenue & Customs (HMRC).

For your first year, accounts are usually due 21 months after the date you registered your company. For subsequent years, they must be filed within 9 months of your company's financial year-end.

Yes. Even if your company had no transactions and is considered 'dormant', you are still legally required to file Dormant Accounts with Companies House. Failing to file will result in late filing penalties and potential company strike-off.

Companies House enforces strict late filing penalties starting at £150 for being one day late, increasing up to £1,500 if over 6 months late. Furthermore, repeated late filing doubles the penalties, and the company can be forcibly struck off the register.

A Confirmation Statement simply updates Companies House on your company's management structure (directors, address, shareholders). Annual Accounts are purely financial, detailing your income, expenses, assets, and liabilities.

Yes. Our Annual Accounts service ensures that your statutory accounts are prepared in the correct iXBRL format and submitted simultaneously to both Companies House and HMRC, fulfilling all your corporate reporting obligations.

We need your business bank statements (e.g., from Wise, Payoneer, or Tide), sales invoices, purchase receipts, and details of any business expenses for the financial year. We will provide a simple checklist to help you gather this.

No. Annual Accounts relate solely to the Limited Company. If you withdrew money as dividends, you may also need a personal Self-Assessment tax return, which is a separate service we also provide.

Most newly formed UK companies by Pakistani entrepreneurs qualify as 'Micro-Entities'. This means they can submit simpler, shorter accounts to Companies House, keeping less financial information on the public record. We prepare micro-entity accounts by default if you qualify.

Once we receive all your bank statements and expense records, we typically draft the accounts within 5 to 7 working days. After your approval, we file them immediately with Companies House and HMRC.

Yes. Legitimate business expenses such as AWS, Shopify, Upwork fees, marketing spend, and proportional home office costs can be deducted from your revenue. We ensure all allowable expenses are captured to minimize your tax liability.

For small and micro-entities, we file 'abbreviated' or 'filleted' accounts to Companies House. This means your full profit and loss statement is kept private from the public registry, while full accounts are only sent securely to HMRC.