All UK limited companies are required to prepare annual accounts in accordance with UK GAAP. These are known as statutory accounts and must be submitted to Companies House, typically within nine months of the financial year-end. These accounts are used as the starting point for calculating the profits chargeable to tax.
Sole proprietors, partnerships and permanent establishments should prepare a set of accounts as the basis for calculating the tax due in the UK. These typically include the balance sheet, profit and loss account (income statement) for the financial year.
Our experienced team will use your bookkeeping and financial accounting information to prepare UK compliant accounts on your behalf.