Year End Accounts
For Limited Companies, your year end accounts are an essential part of your financial responsibilities, and must be completed correctly and on time to avoid being fined.
What's a year end?
In the UK, businesses need to report accounts for HMRC and Companies House annually. The ‘year end' refers to the day that your business's financial year ends.
If you are a Limited Company, Partnership, Charity or Non-Profit, then Companies House will set your year end as the last day of the month you formed the company - starting from the next year. So if you formed your company on 19th March 2022, your first year end would be 31st March 2023.
With Duport's Accountancy service, we will handle everything for your year end accounts and ensure they're submitted on time. All we need is:
- Your sales invoices or details of your sales
- The paperwork for your purchases and expenses
- Your business bank statements for the year
If you use our bookkeeping service as well, then we'll have all this information already. So you won't have to do anything at all!
How it works
- Our accounting experts do your bookkeeping
- We prepare all the necessary figures
- We create a full set of accounts
- Figures are reviewed and checked
- Your tax return is created
- We send it to you to sign off
- Once it's signed off, we submit everything to HMRC and Companies House on time
And remember, if you have any questions, our expert team is here to help.
What duport do for you
Filing your year end accounts late, or doing them incorrectly can mean that you overpay on your taxes, miss out on benefits or even get fined by HMRC or Companies House.
Not only do Duport take these stresses away, we also take the time consuming jobs off your hands by recording and organising all your financial paperwork too.
So in short, we make it easy, we make it fast and we can also help you find benefits and avoid overpaying on your taxes too!
Popular FAQs
Still have questions? Here are the answers to some of the most common questions people ask about Duport.
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The Year End Accounts service is for Limited Companies, registered at Companies House.
Sole Traders do not need to submit Year End accounts, and instead need to provide a Self Assessment Tax Return.
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In the UK, businesses need to report accounts for HMRC and Companies House annually. The ‘year end’ refers to the day that your business’s financial year ends.
If you are a Limited Company, Partnership, Charity or Non-Profit, then Companies House will set your year end as the last day of the month you formed the company - starting from the next year. So if you formed your company on 19th March 2022, your first year end would be 31st March 2023.
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Technically, your Year End Accounts are due within a year of your year end date.
However, in order to pay any Corporation Tax on time, Year End Accounts must be submitted within 9 months of your year end date.
So, if your year end was 31st March 2023, your Year End Accounts would be due by 31st December 2023.
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Limited Companies need to prepare and submit their Company Tax return (CT600), Statutory accounts (your Annual Accounts), and if you have Directors, Shareholders or anyone else taking dividends from the company, they may also need to complete a personal tax return (SA100).
Need some help?
If you need a little advice on the best options for you, or have a question that's not in our FAQ, Duport's expert team are here to help. Give us a call during office hours or email us any time and we'll help you out.
Mon to Fri 09:00-17:00
0117 950 2667Email any time
enquiries@duport.co.uk
