Company Accounts UK: What Limited Companies Need to File
MHC & Co • Business Guide
If you run a limited company in the UK, you have to prepare accounts every year. This is something all companies do. It does not matter if the business is small or not very active.
Company accounts show what happened in your business during the year. They show how much money came in and how much was spent. At the end, they show the position of the company.
company accounts uk
Company accounts are just records. They help you understand your business properly.
You keep records of all transactions. Then those records are used to prepare accounts. After that, the accounts are submitted.
If records are clear, everything becomes easy.
what are company accounts
Company accounts include income and expenses. Income is what the business earns. Expenses are what the business spends.
They also include assets and liabilities. Assets are what the company owns. Liabilities are what the company has to pay.
When all of this is added together, you can see the full picture of the business.
statutory accounts uk
Statutory accounts are the official accounts. These are sent to Companies House.
| Section | Simple meaning |
|---|---|
| Balance Sheet | Shows the position of the company |
| Profit and Loss | Shows income and expenses |
| Notes | Extra information |
These parts explain the numbers clearly.
annual accounts for limited company uk
Every limited company prepares accounts once a year. This is called annual accounts.
These accounts are used for Companies House and also for tax purposes.
If you keep records during the year, this step is simple.
year end company accounts
At the end of the year, all records are checked. Figures are confirmed and mistakes are fixed.
After that, accounts are completed and ready to submit.
If a company earns £50,000 and spends £30,000, the remaining £20,000 is shown as profit.
limited company filing deadlines uk
There are deadlines for filing accounts. These should not be missed.
| Task | Deadline |
|---|---|
| Accounts filing | Within 9 months |
| Tax payment | 9 months + 1 day |
| CT600 | Within 12 months |
If the year ends in March, accounts are usually due by December.
Company accounts are not difficult if you stay organised.
Keep records clear. Do not leave everything for the last week.
If needed, you can get help so everything is done properly.
Need help with company accounts?
If you want your company accounts prepared and filed properly, professional support can make things easier.
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