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Guides

Accounts preparation and reporting, without jargon.

Financial statements, management reporting, and what happens at year-end when accounts go to Companies House and HMRC.

The Year-End Process

What happens at year-end

Year-end accounting takes the bookkeeping records and turns them into formal financial statements that go to Companies House and HMRC.

  • Finalising all transactions for the year
  • Adjusting for accruals, prepayments and depreciation
  • Preparing a Profit & Loss statement and Balance Sheet
  • Filing Corporation Tax return and accounts at Companies House
  • Paying any tax due to HMRC
  • Providing management reports to your board or stakeholders
Year-end accounts and financial reporting
Types of Accounts

Different reports for different purposes

Management Accounts

Monthly or quarterly reports for internal use — your board or shareholders. Shows profit, cash flow and key metrics to track performance.

Statutory Accounts

Annual accounts prepared under UK accounting standards. Filed at Companies House. Required by law for most limited companies.

Tax Return

Supplied to HMRC showing taxable profit and tax owing. Based on statutory accounts but with tax-specific adjustments.

Common Questions

Accounting questions answered

No. Sole traders file a tax return but don't file formal accounts. If you're a limited company, you must file accounts at Companies House every year.

Cost depends on business size, transaction volume, entity complexity and how much cleanup is needed before we start. We scope and quote after a short discovery conversation rather than publishing a flat rate.

A bookkeeper can prepare the bookkeeping working papers. But accounts require a qualified accountant or practice to sign off on, especially if you're filing at Companies House.

Typically 4–8 weeks from your year-end date. Faster if bookkeeping is already up-to-date and clean; slower if there are backlogs or complex adjustments to make.

Need Year-End Accounting?

We handle accounts preparation. Your accountant handles the signature.

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