LIMITED COMPANY ACCOUNTS

SPEAK TO OUR LIMITED COMPANY ACCOUNTANTS

The Charman Group’s limited company accounts service helps you manage the accounting responsibilities that come with running an incorporated business. There is work to keep on top of throughout the year. We support your submissions to Companies House and HMRC, helping you understand what is due and what your figures mean.

We manage your accounts and tax obligations, while you have someone to speak to when questions arise. Whether you are approaching your first year-end or reviewing an established arrangement, we explain the next steps clearly. You gain practical support with reporting and a clearer understanding of your company’s finances.

WHAT ARE LIMITED COMPANY ACCOUNTS?

These are the statutory accounts prepared from your financial records at the end of your company’s financial year. A set of accounts normally includes a profit and loss account alongside a balance sheet, with supporting notes explaining relevant details. A director’s report is included where required.

Where an audit is necessary, an auditor’s report accompanies the statements. These year-end accounts record how the business performed and its financial position at the end of that period.

LIMITED COMPANY ACCOUNTANTS FOR GROWING BUSINESSES

Our limited company accountants work with newer businesses finding their feet and established companies managing greater demands. Growth can change the support you need. We stay involved throughout the year, answering questions and raising matters that deserve attention before they become urgent.

Our limited company accounting services are adapted to your circumstances, including how you keep records, whether you use outsourced payroll, and the decisions ahead. Businesses that qualify as micro-entities may need a different level of involvement from larger operations. We agree what works for your company, communicate clearly and review that arrangement as your needs develop. The relationship continues beyond an annual submission.

WHAT IS INCLUDED IN OUR LIMITED COMPANY ACCOUNTS SERVICE?

We bring the work around your annual reporting together, with responsibilities agreed from the outset. You know which records to provide and what our team will handle. From preparing your figures to lodging accounts with Companies House, we keep you informed and explain anything that needs your attention.

There is time to discuss the results before approval, alongside support with the associated tax return. The scope reflects your company’s needs, so you understand what is covered and where additional advice may be useful. We can help with the following services.

ANNUAL ACCOUNTS PREPARATION AND FILING

We prepare and file your statutory annual statements using the company’s financial records, supporting submission of the appropriate accounts to Companies House. Our annual accounts service includes checking which reporting requirements apply.

The accounts filed by small companies can differ from the full statutory accounts prepared for shareholders. We explain the relevant requirements and prepare the documents needed, so you understand what will be submitted and can approve them.

CORPORATION TAX AND COMPANY TAX RETURN SUPPORT

Your annual figures are closely connected to the company’s Corporation Tax position. We prepare the associated calculations and Company Tax Return, also known as a corporation tax return, for the relevant accounting period. HMRC and Companies House have different reporting requirements, which we address within the agreed service. You receive an explanation of the amount due and relevant payment dates. More detailed tax planning may require separate advice, depending on the decisions you are considering.

REVIEWING YOUR ACCOUNTS WITH YOU

Before your accounts are filed, we talk you through what the figures mean and explain the company’s financial position. You have the opportunity to ask questions. If a balance needs clarification or a significant change deserves attention, we discuss it before asking for approval. That conversation helps you understand what you are signing and whether anything needs checking. We work through the important points together, giving you a clear explanation before you approve the documents.

PROACTIVE DEADLINE MANAGEMENT

We monitor deadlines for filing with the registrar and tax authority, then communicate what we need from you in good time. For newly incorporated businesses, that includes checking the first accounting reference date and the relevant submission timetable. You should not have to remember every date yourself. Early requests give you time to gather records and resolve queries, helping reduce last-minute pressure. This organised approach also helps reduce the risk of penalties for filing late.

LIMITED COMPANY ACCOUNTS FOR DIRECTORS

The business is financially separate from its directors and shareholders. Salary payments need accurate records, as do dividends and other director transactions. Company directors remain responsible for accuracy, and accounts must be approved and delivered correctly. Your company must also send annual statements to every member of the company, subject to applicable exemptions. We help you understand your responsibilities and record transactions correctly, with advice reflecting both the business position and your own individual circumstances.

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UNDERSTANDING WHAT YOUR LIMITED COMPANY ACCOUNTS TELL YOU

Annual statements tell you more than whether the company made a profit or loss. They show how it performed over the year and its financial position at year-end. We explain what sits behind those figures. A change in profitability might reflect higher costs, while a larger amount owed by customers could deserve closer attention.

Your year-end accounts also help identify significant movements compared with the previous period. The Charman Group talks you through what those changes mean, giving future decisions a firmer basis. Businesses wanting more regular financial reporting may benefit from management accounts as a separate ongoing service.

ACCOUNTING SUPPORT BEYOND YOUR YEAR-END ACCOUNTS

Your business may need bookkeeping support to maintain reliable records, with Payroll assistance if it pays salaries. VAT obligations bring separate requirements. We can also discuss corporation tax and whether Tax Planning advice is appropriate for your circumstances. Management Accounts provide another option where more frequent financial reporting would be useful. The services required depend on your business, and dormant companies have different needs from trading operations. We agree the level of support with you.

BOOK A LIMITED COMPANY ACCOUNTS CONSULTATION

WHY CHOOSE THE CHARMAN GROUP AS YOUR LIMITED COMPANY ACCOUNTANTS?

Choosing professional support means finding a team you can work with throughout the year. You need to know who to contact, understand the advice you receive and feel able to raise a question before it becomes a problem.

At The Charman Group, we combine practical accounting support with a clear approach to communication. We take time to understand your business and explain your responsibilities, including when to file your accounts. The aim is a working relationship that makes managing those responsibilities easier. Here are the reasons businesses choose our team.

RESPONSIVE SUPPORT AND A CLEAR POINT OF CONTACT

Around 90% of emails are answered by the end of the following business day. You know who to contact. That makes it easier to ask about an unfamiliar request or check something before making a decision. We keep communication approachable and explain what happens next. When a question needs further investigation, having a clear point of contact helps you follow the discussion and understand what information is needed to move the matter forward with us.

PLAIN-ENGLISH ADVICE

You should be able to understand the advice you receive without needing to learn accounting terminology first. We explain what matters in familiar language and connect it to your business. If something needs more detail, we take the time to work through it. That might mean clarifying a balance or explaining why a particular document is needed. You leave the conversation knowing what the issue means and what, if anything, you need to do next.

ICAEW-REGULATED PROFESSIONAL OVERSIGHT

Our accounting service is delivered within the professional standards and oversight associated with ICAEW regulation. These requirements cover professional competence and ethical conduct, including how confidential information is handled. They provide a framework for responsible work and accountability. For your business, this means support backed by recognised professional expectations. We apply those standards when reviewing records and preparing reports, with appropriate care given to the information you provide and the advice you receive from us.

CLOUD-BASED ACCOUNTING

Cloud accounting technology helps us work from organised financial records and collaborate with you throughout the year. Documents can be shared without passing multiple versions between inboxes. With appropriate access in place, our team can review information and raise questions while you keep visibility over your records. This supports more efficient preparation of accounts for Companies House. We help you use the agreed system consistently, so the information needed is easier to locate and check.

SPEAK TO OUR LIMITED COMPANY ACCOUNTANTS

If you need help to file company accounts or want more dependable support throughout the year, speak to The Charman Group. We will discuss your current arrangements and the responsibilities you need help managing. Perhaps your first submission is approaching. You may already have a process but want clearer explanations or more regular contact.

We take time to understand the situation before recommending an appropriate service. Before you submit your accounts, make sure you have the support needed to understand them. Book a consultation to discuss your company and agree the next steps with us.

BOOK A LIMITED COMPANY ACCOUNTS CONSULTATION
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WHAT OUR CLIENTS SAY

“I have used John for quite some time now and have thoroughly enjoyed working with him. He explains everything in fine detail and is a model professional. I would recommend The Charman Group to anyone requiring a professional accountant.”

Clive Petitt

“John has dealt with both company and personal returns for myself and my husband for several years now. He is very approachable and knowledgable and has done a great job of keeping us organised in the area. He takes time to explain things in detail which is a welcome change from other accountants we have used in the past. Also unlike other accountants we have used John is always on hand to answer any queries and provide guidance. I have recommended him to friends and family over the years and will continue to do so.”

Barbara Scott

“Would highly recommend John. He has gone above and beyond to help us sort out our accounts after our last accountant left them in a real mess. He has spent so long going through everything for us and has helped us so much. Cannot recommend him enough!”

Clare Gladstone
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FAQs

When do I need to file my limited company accounts?

A private limited company normally has nine months after its financial year ends to file accounts at Companies House. First accounts usually have a different deadline, commonly 21 months after incorporation. We confirm the time allowed for delivering accounts for your circumstances, particularly if the reporting dates have been changed.

How much do limited company accounts cost?

Fees depend on your company’s complexity, the quality of its records and how much support you need. A straightforward business with organised records usually requires less work than one with outstanding queries. We discuss the scope before quoting, so you understand the proposed charges and what the service will cover.

What information do you need to prepare limited company accounts?

We usually need bank statements and sales records, together with purchase invoices and expense details. Loan or finance agreements help explain borrowing. Payroll and VAT information may also be required where relevant. Exact requirements depend on your company, and we explain what to provide before starting work on the figures.

Do I need an accountant for a limited company?

Appointing professional support is not automatically required because your business operates as a limited company. Directors still have responsibilities for accurate records and timely submissions. Many businesses choose specialist assistance to reduce errors and save time, particularly when their transactions become more complex or they need help understanding reporting requirements.

Are limited company accounts and a company tax return the same thing?

They are connected but separate. The annual statements report the company’s financial performance and position. The Company Tax Return is submitted to HMRC for Corporation Tax purposes and uses information from those statements, with adjustments. Preparing both together helps ensure the reporting is consistent while meeting each document’s separate requirements.

What type of accounts does my limited company need to prepare?

Requirements depend on size, circumstances and activity. Micro-entities and small companies may use simpler reporting options. Eligible businesses can currently prepare abridged accounts with all members’ agreement. If your company has been dormant, dormant company accounts may be appropriate. We check the applicable requirements before recommending an approach for you.

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