Your Annual Financial Story, Perfected
Integrated seamlessly with your accounts, we calculate your corporation tax liability, prepare the CT600 return, and ensure timely submission to HMRC alongside your financial statements.
Dreading Your Annual Accounts Filing?
Year-end accounts aren't just a compliance exercise—they're a crucial business health check. MHC & CO ensures your statutory accounts are prepared accurately, filed on time, and provide valuable insights into your company's performance.
Critical Filing Deadlines
Accounts Deadline
9 months after year-end
Companies House filing deadline for private limited companies.
Corporation Tax
12 months after year-end
CT600 form and tax payment due to HMRC.
Confirmation Statement
Anniversary of incorporation
Annual update of company details at Companies House.
⏰ Your first accounts are due 21 months after incorporation, then 9 months after each financial year end. Missing deadlines leads to automatic penalties.
Late Filing Penalties
Companies House imposes automatic penalties for late accounts submission:
Companies House Penalty Structure
Up to 1 month late
£150 penalty
1-3 months late
£375 penalty
3-6 months late
£750 penalty
Over 6 months late
£1,500 penalty
Penalties double for late filing two years in a row!
Plus potential director disqualification for persistent late filing.
What's Included in Year-End Accounts?
Our comprehensive year-end service includes all statutory requirements:
Directors' Report
Formal statement from directors about company performance and activities.
Profit & Loss Account
Shows company income, expenses, and profit/loss for the financial year.
Balance Sheet
Snapshot of company assets, liabilities, and equity at year-end date.
Notes to the Accounts
Detailed explanations of accounting policies and balance sheet items.
Auditor's Report
Required for companies meeting audit thresholds (if applicable).
Corporation Tax Computation
Calculation of taxable profits and corporation tax liability.
Our Year-End Process
Structured workflow ensuring accuracy and timely completion:
1. Pre-Year-End Planning
We review your financial position 2-3 months before year-end to identify tax planning opportunities.
2. Information Gathering
We collect all necessary records, bank statements, invoices, and supporting documentation.
3. Accounts Preparation
Our team prepares full statutory accounts in compliance with Companies Act requirements.
4. Review & Approval
You review draft accounts, ask questions, and approve final versions.
5. Filing & Submission
We electronically file accounts with Companies House and HMRC before deadlines.
6. Post-Filing Review
We discuss results, tax payments, and planning for the coming year.
Different Companies, Different Requirements
Micro-Entities
Turnover ≤ £632k
Balance sheet ≤ £316k
Simplified filing with minimal disclosure requirements.
Small Companies
Turnover ≤ £10.2m
Balance sheet ≤ £5.1m
Abridged accounts with reduced disclosure.
Medium Companies
Turnover ≤ £36m
Balance sheet ≤ £18m
Full statutory accounts required.
Large Companies
Exceeds medium limits
Full accounts plus audit requirement.
📊 Most UK businesses qualify as micro-entities or small companies, benefiting from simplified reporting requirements.
Do You Need an Audit?
Most small companies are exempt from audit, but certain conditions trigger the requirement:
| Trigger Condition | Threshold | Our Service |
|---|---|---|
| Turnover | Exceeds £10.2 million | Full audit service |
| Balance Sheet Total | Exceeds £5.1 million | Full audit service |
| Number of Employees | Exceeds 50 employees | Full audit service |
| Public Company | PLC or traded company | Mandatory audit |
| Shareholder Request | 10%+ shareholders | Voluntary audit |
We can advise if you qualify for audit exemption and handle the process if required.
Benefits of Professional Year-End Accounts
Penalty Protection
We guarantee timely filing, protecting you from Companies House and HMRC penalties.
Tax Efficiency
Maximizing allowable deductions and reliefs to minimize your corporation tax bill.
Business Insights
Year-end review provides valuable performance insights for strategic planning.
Funding Readiness
Professional accounts make loan applications and investor presentations stronger.
Our Year-End Services
⏰ Deadline Approaching?
Don't risk penalties or director disqualification. Even if you're already late, we can help minimize penalties and get you compliant quickly.
Urgent Deadline AssistanceProfessional Year-End Compliance Made Simple
Year-end accounts are more than just a legal requirement—they're an opportunity to review your business, optimize your tax position, and plan for growth. Let MHC & CO handle the complexity while you focus on running your business.
Ready to Streamline Your Accounts?
Contact MHC & CO today and let our experts handle your Accounts.
MHC & Co.
Chartered Accountants
54 Gloucester Road
North,
Bristol
BS7 0SJ
Contact Us
Tel: +44 333 789 1010
Fax: +44 117 3737 449
Email: info@mhcandco.co.uk
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