Limited Company Accounts

Limited company accounts are our speciality!

What are the accounting requirements for a UK limited company?

An incorporated company (ltd) in the UK has several accounting obligations. These obligations are to HMRC and Companies House…

1. General Accounting Obligations
   Keep accurate and honest accounting records of sales, expenses, assets and liabilities. Accounting records should be kept using double-entry

2. HMRC Accounting Obligations
   To prepare and file an annual corporation tax return (CT600) and pay any due corporation tax

3. Companies House Obligations
   To prepare and file a set of accounts and to update Companies House with any company changes

How can an accountant help my limited company (ltd)?

An accountant will help you to meet your HMRC and Companies House obligations, provide needed accounting support and advice, help you to reduce your corporation tax bill, prevent costly accounting errors, fines, and penalties, explain accounting terms and tax rules that you may not fully understand, and provide reminders of outstanding and due tasks.

Limited company accounts can be very complex. Nearly all limited companies use an accountant for this reason.

Which services does SM Accounting offer limited companies?

• Full Ltd Year-End Package - everything you need for year-end!
  
  What’s included?
  Compiling annual accounts (preparing year-end accounts as per UK standards)
  Tax advice
  Corporation tax calculations
  Filing of company corporation tax return (CT600) with HMRC
  Filing accounts with Companies House
  Unlimited support by email - ask as many questions as needed!
  
  What do we need from you?
  Access to your bookkeeping software (Sage, QuickBooks, Xero, KashFlow or any other) or your bookkeeping files (PDFs, Excel, etc.)
  The company UTR and company authentication code... If you don’t know these, we can request them for you
  And that’s it!
  
  How long does it take?
  We can compile accounts from start to draft within two weeks. We can make exceptions and prepare quicker for accounts that are nearing or overdue HMRC and Companies House deadlines
  
  Does this service cover everything I need?
  Yes. This service will cover your annual filing and corporation tax obligations with HMRC and Companies House.
  
  How much does this package cost?
  Our prices start from £345 per year!
  
  How do I get started?
  We are just an email away - please contact us
  
  

• Full Ltd Year-End Package + Monthly Bookkeeping
  
  What’s included?
  Everything above + monthly bookkeeping services with monthly profit and loss and management accounts.
  
  What do we need from you?
  Access to your bookkeeping software if you are subscribed to any. If not, that is fine.
  Bank statements and copies of invoices on a monthly or quarterly basis.
  And that’s it!
  
  Does this service cover everything I need?
  This package is the ultimate way to outsource your bookkeeping and accounting. We will cover everything needed and provide the best accounting support available.
  
  How much does this package cost?
  Our fees start from £35 per month!
  
  How do I get started?
  We are just an email away - please get in touch with us
  
  

• Dormant Company Accounts
  

  What’s included?
  Everything needed - final dormant accounts, filing with Companies House, filing company tax return with HMRC

  What do we need from you?
  Company authentication code and UTR number. If you don’t have these, we can request them for you!

  Does this service cover everything I need?
  Yes

  How much does this service cost?
  We prepare and file dormant accounts for only £145 per year!