The benefits

  • On-time submissions
  • Hassle-free
  • Help identify business improvements
  • Free up your time

Why should I prepare annual accounts?

It's a UK statutory requirement

  • It is a UK statutory requirement if your business is either a limited company, LLP, charity, association or a society.
  • This means that it is your responsibility to make sure that your annual accounts are accurate and submitted on time.
  • HMRC can issue large fines and subsequently close down entities if annual accounts are not submitted.
  • They will also be used to prepare a Corporation Tax return for HMRC and estimate the amount of Corporation Tax owed by your company. 

How do I prepare annual accounts?

Let Caldwell Penn do the hard work for you

  • We have a team of in-house experts with vast detailed knowledge of the latest financial reporting standards who will prepare your company’s annual accounts.
  • They have experience working with a wide range of businesses and individuals, so your accounts are in good hands.
  • We like to free up your time as much as possible so you can concentrate on the more important day-to-day tasks, so after an initial meeting, no face-to-face meetings are required.
  • We will let you know what information we need each year and prepare everything electronically.
  • Our team will electronically iXBRL tag your financial statements so that they comply with the current UK company requirements and submit your financial statements on your behalf.  


What are the benefits?

We do more than just prepare annual accounts...

  • Your financial statements will be compliant, submitted to HMRC on time, and hassle free, giving you the confidence that all UK regulatory requirements have been met.
  • Preparing your annual accounts will give us the opportunity to identify areas where we can assist in minimising your corporation tax bill and recommend improvements to increase your business’s profitability. 
  • They provide a summary of company’s financial performance for each financial year giving reassurance to existing investors on how well your company is doing. They will also be required to assist securing finance for either the directors or the business.
  • Accurate annual accounts may also attract potential new investors. 

Frequently asked questions

When are my accounts due?
What if I miss my filing deadline?
Can I choose my own financial year end?
Can I change my financial year end?
When is my Corporation Tax due?
Do I need to file accounts if my company is not trading?
How long do I need to keep company records for?

COPYRIGHT © 2021 CALDWELL PENN LIMITED   |   Company Reg Number: 03872209   |   ICAEW - Institute of Chartered Accountants in England and Wales: C005061064