Statutory accounts prepared with precision. HMRC and Companies House filings handled end to end.
Year end accounting also referred to as statutory accounts preparation is the formal process of compiling a business’s financial records for the full accounting period and presenting them in a format that satisfies UK legal, regulatory, and tax requirements. For limited companies registered in England, Wales, Scotland, or Northern Ireland, this process is a legal obligation. Yet beyond compliance, it is also one of the most valuable financial exercises a business can undertake providing a definitive snapshot of financial health, profitability, and the overall trajectory of the business.
At ABS Consultings, we treat year end not as a box-ticking exercise but as a strategic opportunity. We go beyond the minimum required by law to ensure that your statutory accounts reflect the reality of your business in the most accurate, informative, and commercially useful way possible.
Our comprehensive year end accounting package covers every aspect of the annual statutory cycle from the point your accounting period closes to the point your finalised accounts and tax return are submitted to the relevant authorities. Here is what you can expect from our service:
Full Statutory Accounts Preparation: We prepare profit and loss accounts, balance sheets, statements of cash flow, and all required supporting notes in compliance with FRS 102, FRS 105, or the full IFRS framework depending on the size and nature of your business. Our accountants review every ledger entry, reconcile all control accounts, and verify the consistency of your figures against your bookkeeping records.
Corporation Tax Return (CT600): We calculate your corporation tax liability accurately, applying all allowable deductions, capital allowances, and tax reliefs to minimise your legal liability. The CT600 is prepared and submitted electronically to HMRC within the statutory deadline and we keep you informed of your liability well in advance so that cash planning is never a last-minute scramble.
Companies House Filing: Abbreviated accounts (for small and micro companies) or full accounts (as appropriate) are filed at Companies House within nine months of your year end. We manage this process entirely on your behalf, ensuring you never face the automatic penalties that HMRC and Companies House impose for late filing.
Directors’ Report: For companies that require it, we draft a clear and accurate directors’ report that meets all statutory obligations saving you significant time while ensuring the document reflects your business accurately.
Year End Tax Planning: In the weeks leading up to your year end, we proactively advise on legitimate tax planning opportunities timing of asset purchases, salary and dividend planning for directors, pension contributions, and relief claims that could meaningfully reduce your tax liability.
Statutory accounts filed with errors or inaccuracies can trigger HMRC enquiries, result in penalties, and critically damage your credibility with banks, investors, and commercial lenders. Increasingly, lenders require clean, well-prepared accounts as a condition of funding. Investors examine your statutory accounts before committing capital. Even commercial landlords often request filed accounts before agreeing a lease.
At ABS Consultings, our year end accounts are prepared to a standard that withstands scrutiny whether from HMRC, a venture capital firm, or a bank assessing your lending application. We don’t just meet the minimum; we build accounts that tell your business’s financial story clearly and credibly.
Limited companies must file their accounts at Companies House within nine months of the accounting reference date, and must submit their corporation tax return to HMRC within twelve months of the year end. The penalties for late filing escalate steeply from £150 for accounts up to one month late, rising to £1,500 or more for accounts filed over six months late.
ABS Consultings operates a rigorous deadline management system. Every client has a clearly tracked filing calendar and our team proactively contacts you at the beginning of each year end process typically three to four months before the filing deadline to gather the information needed and begin preparation. In our fifteen-plus years of operation, not a single ABS client has received a late filing penalty.
Did You Know?
Companies House late filing penalties for private companies range from £150 to £1,500 per late return and HMRC can impose additional penalties of up to 100% of unpaid tax in cases of deliberate error or neglect. Early engagement with your accountant is the simplest and most effective prevention.
Our year end accounting process is built on a robust cloud-first technology stack. We use Xero, QuickBooks, and Sage as primary bookkeeping platforms, and our proprietary year end workflow system tracks every task, document, and approval in real time. This means you always know exactly where your accounts are in the preparation process and we can highlight any missing information quickly, avoiding bottlenecks that delay filing.
For clients who come to us mid-year with disorganised or incomplete records, our specialist clean-up team can work backwards through the financial year, reconciling accounts and correcting entries to produce a complete and accurate picture from which compliant statutory accounts can be prepared.
9 months after year end Companies House filing deadline for private companies
12 months after year end HMRC corporation tax return deadline
9 months + 1 day after year end Corporation tax payment due (small companies)
Speak to our year end accounting specialists today
Never miss a deadline or overpay tax again. Let ABS Consultings take full ownership of your annual statutory obligations.