Year-End Accounts, Audit & Tax Support

Preparing Your Year End Accounts

Preparing year end accounts involves reviewing financial data, reconciling accounting records, and producing financial statements that reflect the company’s financial year. Our team prepares year end accounts for a wide range of businesses including private limited company structures, small company entities, and micro entity businesses.

Year end accounts normally include a balance sheet, profit and loss account, and notes to the accounts. These financial statements show the company’s assets, liabilities, profit and loss performance, and overall financial position at the financial year end.

We work with your accounting records and accounting software to prepare year end accounts that accurately reflect the company’s financial data. This includes reviewing accurate financial records, analysing financial performance, and confirming the company’s assets and shareholders equity.

For many companies, year end accounts also form the basis of financial management and strategic planning for the following financial year within a wider finance function framework.

Annual Accounts and Companies House Filings

Every limited company registered in the UK must submit annual accounts to Companies House. These annual accounts provide financial transparency and confirm the company’s financial position during the accounting period.

Our team prepares annual accounts that meet Companies House requirements and ensures all company accounts are submitted before the filing deadline. For most companies, annual accounts must be filed within nine months of the financial year end.

Annual accounts submitted to Companies House typically include the balance sheet, director’s report, and notes to the accounts. Depending on the size of the company, accounts may also include an auditor’s report or abridged accounts.

Small company and micro entity businesses may qualify for simplified reporting, while larger companies must provide more detailed financial statements. We help companies understand the following criteria and ensure their annual accounts comply with the relevant reporting framework.

Corporation Tax and Company Tax Returns

Year end accounts also support the preparation of the company tax return for corporation tax. Once the accounting period for corporation tax has ended, businesses must submit their company tax return to HMRC.

The corporation tax return is based on the company accounts and financial statements prepared for the accounting period. Our team ensures that financial data from the year end accounts aligns with the period for corporation tax and the company tax return requirements.

We support businesses with corporation tax reporting, calculation of corporation tax liabilities, and submission of the tax return. This includes reviewing business expenses, confirming profit and loss figures, and ensuring the company tax return is submitted before the relevant submission deadlines.

Corporation tax filings must normally be completed within twelve months of the accounting period, while the corporation tax payment is typically due nine months after the corporation tax ends.

Supporting First Accounts and Growing Companies

Many international businesses establishing a UK presence need support with their first annual accounts. For newly incorporated companies, the first accounts often cover a longer accounting period and require careful preparation.

Our team regularly prepares first accounts for limited companies registered in the UK, including subsidiaries of overseas businesses. We ensure that the company’s annual accounts reflect the correct accounting reference date and financial year.

For businesses experiencing growth, year end accounts provide valuable insight into the company’s financial health and performance. By reviewing the profit and loss statement, income statement, and balance sheet, directors gain a clearer understanding of profitability, running costs, and financial performance.

These financial statements also support communication with investors, banks, and stakeholders who rely on accurate company accounts to assess the company’s financial position.

Audit Support and Compliance

Some companies are required to undergo an external audit as part of their statutory reporting obligations. Audit requirements depend on factors such as annual turnover, company size, and whether the company qualifies for audit exemption.

Where an audit is required, our team works with external auditors to provide the necessary financial statements, accounting records, and supporting documentation. This includes preparing year end accounts, providing the director’s report, and ensuring all financial statements are audit ready.

We also support companies in preparing for audit processes by ensuring accurate records, organised financial data, and clear documentation. This reduces the risk of missing documentation and helps ensure the audit process runs smoothly.

For companies that qualify for audit exemption, we ensure that annual accounts still meet the required accounting principles and reporting standards.

How Goodwille Can Help

Goodwille supports companies with year end accounts, annual accounts, and financial statements so they can meet their reporting obligations with confidence.

Our finance team prepares year end accounts for limited companies registered in the UK, ensuring that company accounts accurately reflect the company’s financial year and financial position. We also assist with company tax return submissions, corporation tax reporting, and audit support.

By managing year end accounts, company accounts, and annual accounts as part of a structured process, we help businesses maintain financial transparency and stay compliant with Companies House and HMRC requirements.

If your company needs support preparing year end accounts, annual accounts, or financial statements, our team can help ensure your accounts are prepared accurately and submitted before the relevant filing deadline.