Millhouses Accountancy - Sheffield
A quick guide to year end accounts
We understand how daunting year end accounts can be, so take a breath, make some tea and use our quick guide to help
In accountancy, year end is slang term for when the financial period of your company ends. Limited companies need to submit documents to HMRC at the year end.
Our quick guide gives you a summary of what needs to be filed and our top tips will prepare you for your year end report. Get moving in the right direction with our guide, but if you plan on going it alone you can find a detailed guideline on the gov.uk website. A good accountant will be able to assist you throughout the process so you can make year end a breeze.
The following documents need to be filed with the HMRC:
There are three documents that make up the Annual Accounts, these are:
You need to submit the Statement of Financial Position and the Footnotes to the Companies House. These two documents will be made publicly accessible on the Companies House website.
In order to make preparations and submissions for year end even easier, follow our top tips below:
HMRC: Your Company Tax Return must be filed within 12 months after the end of the accounting period it covers. The due Corporation Tax must be paid to HMRC within the 9 months and one day following this.
Companies House: Your documents must be filed within the first nine months following your year end (or if this is your first return, within 21 months of registration).
These are the basics that will guide you through the year end reports but we’d recommend contacting an accountant for further assistance. If you’re looking for a Sheffield accountant to assist with year end accounts preparation, call Millhouses Accountancy today on 0114 345 0960.
Call us today for more information on 0114 345 0960