Year-end has a habit of creeping up. One minute everything’s ticking along, next you’re digging through emails for invoices, chasing missing paperwork, and trying to piece together a full picture of the year while still running the business day to day.
Most of the time, the numbers only really come together at the end. That’s when the questions start. Have we done this properly? Are we paying more tax than we should be? Have we missed anything?
We handle the full process, from pulling everything together to preparing and submitting your statutory accounts, making sure it’s all accurate and done on time. At the same time, we look at where you can save tax, not after everything’s been filed, but while there’s still time to do something about it.
Why You Need an Annual Accounts Service
Year-end is usually when everything comes to a head. You’re pulling information together from different places, checking what’s missing, and trying to make sure it all lines up before anything gets submitted. This is all while still dealing with the day to day running of the business.
It’s rarely just one thing that causes the stress. It might be invoices that haven’t been recorded properly, transactions that don’t quite make sense, or figures that don’t match what you were expecting. On top of that, there are the bigger questions around what you’ve taken out of the business, what you owe, and whether everything has been handled in the most tax-efficient way.
For most limited company directors, it becomes something you have to fit in around everything else. You know it needs to be done properly, but it’s not always clear whether it has been, and that’s where the pressure tends to build.
Contact us today to arrange a consultation.
What is year-end accounting?
Every limited company is legally required to submit annual accounts to both HMRC and Companies House at the end of each financial year. It’s not optional, and getting it wrong (or submitting it late) means penalties.
Statutory accounts preparation involves reconciling your records, adjusting entries, calculating income and expenses, and producing the key financial statements: your balance sheet, profit and loss account, and cash flow statement.
On top of that, your Corporation Tax return needs to be calculated and submitted to HMRC.
As a director, your year-end accounts also feed directly into your Self Assessment tax return, so accuracy matters at every level.
Our year-end accounting services
We manage the full accounts preparation process from start to finish, using clear systems that keep everything on track throughout the year, not just in a last-minute rush.
Our year-end accounts services at a glance:
- Bookkeeping: Good year-end accounts start with clean bookkeeping. We use the latest cloud software to keep your data accurate all year round, so there are no nasty surprises when year-end arrives.
- Data Gathering: We’ll collect everything we need, including sales and purchase invoices, bank statements, VAT and PAYE records, so you’re not left hunting for documents at the last minute.
- Bank Reconciliation & Adjustments: We scrutinise your records, identify any discrepancies, make the necessary adjustments, and arrive at a fully reconciled position that accurately reflects your financial reality.
- Statutory Accounts Preparation: We prepare your year-end accounts to the required accounting standards, ready for submission to Companies House and HMRC.
- Corporation Tax Return: We calculate your Corporation Tax liability, identify every available relief, and submit your return to HMRC on time
- Self Assessment Support: Where relevant, we’ll help you prepare your personal Self Assessment return using your company accounts, making sure your personal and business tax positions are aligned.
How Can We Do All This And Save You Money?
Our clients regularly save thousands of pounds per year through proactive tax planning, and most of those savings come from looking at their situation before year-end, not after. That’s why we build tax planning meetings into our year-round service, so you’re never caught off guard by a bill that could have been reduced.
We take the time to understand your personal and business situation in detail because the best tax savings come from knowing the full picture, not just the numbers on a spreadsheet.
Take our FREE 30-minute Tax Review and find out exactly how much you could be saving.
Why Choose Archimedia for Your Annual Accounts?
Year-end accounts are not just a filing job. By the time they are prepared, they should tell the full story of the year. What the business made, what it owes, what can be claimed, what needs correcting, and what your tax position really looks like.
That is where a lot of accountants stop too early. They prepare the accounts, calculate the tax, send the bill, and move on. We look further than that.
At Archimedia Accounts, we use your annual accounts as a final check on the whole year. We review the way money has moved through the business, how directors have been paid, whether costs have been treated correctly, and whether there are tax planning points that should be picked up before everything is finalised.
You also get proper tax experience behind the work. Barbara, our Head of Tax, has over 30 years’ experience and works directly with clients where her input can make a difference. That matters, because year-end is often where small mistakes, missed allowances, or poor timing decisions become expensive.
We keep the process clear as well. You will know what we need, what stage your accounts are at, what your tax position looks like, and whether there is anything worth looking at before submission.
The end result is simple. Your accounts are prepared properly, your deadlines are covered, and you are not left wondering whether more could have been done
Get in touch with Archimedia Accounts today
Call us today or pop into our Nottingham office to introduce yourself – we’d love to meet you!
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