Annual Accounts
Limited Company Hub > Annual Accounts
Resource Overview
As a limited company, you are legally required to file a set of annual accounts (also known as company accounts) each year. This is a set of documents that include information such as a company’s assets, liabilities, and expenses. These are typically shown in the form of a Balance Sheet or Profit and Loss.
You will need to ensure your company accounts are filed on time and correctly to avoid penalties and interest on unpaid or incorrect tax.
Making sure that your company accounts are filed efficiently will help you reduce the business’s tax liability. Furthermore, these accounts can be used to improve the financial health of your business and make more informed decisions about its future.
Learn everything you need to know to prepare and file your annual accounts. Including your Company Tax Return.
Learn everything you need to know to prepare and file your annual accounts. Including your Company Tax Return.
Throughout the year both the company and its directors/shareholders have certain responsibilities they must abide by to keep the company.
Find out how to close your limited company down and what you must do in each circumstance.
Understand what penalties a limited company could face for incorrect accounts or late filing and how to avoid them.
Limited company’s are required to keep certain documents such as ones referring to the company itself, and financial records.