Company Accounts & Corporation Tax

Latest Testimonial

Pearl Accountants are unique as you can get. They have a great one to one service and they always answer your queries in a fast and professional manner.I find Pearl when I opened up my limited company. I was clueless, but Pearl Accountants kindly assisted me in the best way so I felt at ease and understood how the operation works.Everything was explained clearly in detail and I could ask as many questions as I wanted. They were never rude or impatient, just happy to be there to help.
Naila Mughal

Naila Mughal Entertainment

Company Accounts & Corporation Tax

Pearl Accountants are experts in helping contractors, freelancers, and independent consultants operating through limited companies.

We’ll manage your company accounts and corporation tax compliances.

Year-End Company Accounts & Corporation Tax

Pearl Accountants will file all the annual accounts limited companies are required to submit to Companies House and HMRC, including a full CT600 Corporation Tax Return.

All of your accounts will be submitted in the correct format e.g. full accounts or abbreviated accounts. We’ll be fully compliant with your disclosure requirements.

You won’t have to worry about incurring any penalties because Pearl Accountants will make sure you never miss a deadline.

Statuatory / Company Accounts

What are they?

Every company should essentially prepare its Statutory/Company accounts annually. The purpose of doing this would be to produce a simplified breakdown, an account of the financial state that the Limited Company is in that year and how it is performing.

At the end of the company’s financial year these assignments should be completed and submitted to:

 

  • All Shareholders
  • Companies House
  • HMRC
Company Accounts Corporation Tax

What do Statutory / Company Accounts Involve?

Each statutory account is tailored to a company considering its size,for example:The 5 types of Limited Companies in the UK:
  • Dormant Company
  • Large Company
  • Medium-Size Company
  • Small Company
  • Micro-Entity

What should be included in a typical Company account:

  • A statement
  • Cashflow statement
  • A balance Sheet
  • Account of profit or loss (Also know as Income)
  • Directors report
  • Account notes
  • Auditors Report
  • and more….
Company accounts are an overview of a business to aid stakeholders in making any required decisions. They are not meant to be extremely detailed or very in-depth – that would not be helpful for the task they are prepared for.
Tax Returns for Business

Corporation Tax returns

Every Limited Companies should submit a Company Tax Return (CT600) and Company Statutory Accounts to Customs and the HM Revenue. This should include how Corporation Tax was calculated, including a Profit & Loss Account which is different to your Profit & Loss account for statutory accounts. Asking for advice from a qualified accountant is the best way to help reduce corporation tax for your business. Pearl Accountants have only passionate, qualified Chartered Accountants who are very adept and have many years of experience helping small-medium businesses organize and plan their tax strategies and showing them how to get more effective results.

Deadlines

Private Limited Companies (LTD) have different deadline regulations compared to Public Limited Companies. Both depend on the date of your Company’s accounting reference (also known as the year end date). Once your company is first incorporated, the date of this day is automatically set as the first anniversary of the last day of the month in which you formed the company-this does not change.
If we take a look at an example: if a company is formed on the 2nd of April 2016, then the automatic accounting reference date would be, 31st April 2017. Meaning the next year the year end date would be the same month on the last day of that month.

Deadlines for Private Limited Companies

Company AccountsDeadline
1st Accounts due to Companies House21 Months from date of Company Formation
Annual Accounts due to Companies House9 Months from Company’s Financial Year End
Corporation TaxDeadline
File Company Tax Return (CT600)12 Months from Accounting Period
Pay Corporation Tax)9 Months and 1 day from ‘accounting period’ for Corporation Tax

Penalties

Statuatory Accounts

Time after the DeadlinePenalty
Up to 1 month£150
1 to 3 Months£375
3 to 6 Months£750
More Than 6 Months£1500

 

Corporation Tax Returns

Time after the DeadlinePenalty
1 Day£100
3 MonthsAnother £100
6 MonthsHM Revenue and Customs (HMRC) estimate Corporation Tax bill and add 10% penalty to unpaid tax
12 MonthsAnother 10% on Unpaid Tax
Start-Up Accounting Services

Included in our Company Tax Services

  • Annual Accounts prepared & Submitted
  • Corporation Tax Return prepared & Submitted
  • Filings with Companies House
  • Filings with HMRC
  • Annual Tax Return Filings
  • Dedicated Accounts Manager

Why Choose Pearl Accountants?

We’ll arrange the transfer of your previous years’ accounts and data from your old accountants and input this into whichever online accounting software you choose. Your team of experts. Being with Fusion means a team of experts has your back, led by your own personal account manager, giving you advice and support whenever you need it. Any time you have a question on tax or accounting, you’ll only need to send an email or give us a call , and real, UK-based person will answer in easy-to-understand English.

Once you have joined pearl Accountants our professional accounting team will transfer data from your old accountants and the last year’s accounts to your chosen online accunting software, ensuring a smooth and stress-free transition into pearl. Our team of experienced accountants will help with any queries you have and give help and support at any time, this can easily be done via email or phone call, you will be answered by a UK-based employee who will efficiently help.

What Help we can offer

Assuming that you are a limited company Pearl Accountants will submit yearly accounts to HMRC and Companies House while also submitting a full CT600 Corporation Tax Return to HMRC. Pearl accountants aid in the submission process and make you’re your accounts are handed in, in the correct format, e.g. full accounts or abbreviated accounts. We will also ensure compliance with your disclosure requirements. No penalties will be experienced since Pearl will ensure no deadlines are missed.

Your own Team of Experts

Pearl Accountants will give you a dedicated team of experts, led by your own personal accounts manager, giving you advice and support whenever you need it.

Pearl Accountants Referals

Moving to Pearl Accountants

Switching to Pearl Accountants is easy.

The transfer of your preceding years’ accounts and all your accounting data is an easy process as this can be input straight into the online accounting software of your choice. Our team of expert accountants will ensure that the transition is a smooth one. A dedicated accountant will also be available to provide you with advice and assess all your accounting needs.

Get in Touch for a FREE Consultation

Get in touch for more information and advice 

Schedule a meeting for a free consultation.

OUR OFFICES

OUR OFFICES

staff@pearlaccountants.com

020 8582 0076

LONDON ACCOUNTANTS

We have offices all over the London area, including Covent Garden, which gives you a central accountancy hub in London’s famous West End district. As a London accountants, we offer professional accountancy services to clients all over the nation’s capital and the surrounding areas, working with a range of businesses, sole traders, startups, landlords, and contractors in order to streamline their tax liability and bookkeeping procedures.

Ground Floor, 90 Long Acre Covent Garden, London WC2E 9RZ

EAST LONDON ACCOUNTANTS

Our East London accountants firm gives those in East London access to some of the finest accountants around. Our accountants in Canary Wharf is right in the heart of London’s financial district. We work with clients of all shapes and sizes, including small-to-medium-sized businesses, startups, landlords, and contractors. Our professional East London accountants pride themselves on their expertise and work ethic, providing you with stellar customer service every time.

29th Floor, One Canada Square, Canary Wharf, London, E14 5DY

HOUNSLOW ACCOUNTANTS

Pearl Accountants has offices all over London, with one of our most prominent offices being located in Hounslow, West London. We are experienced accountants in Hounslow, acting as business growth accountants for the majority of our clients due to our ability to scale businesses and help to drive their growth. We are dedicated to serving companies of varying sizes, from individual sole traders to small and medium-sized businesses across the UK.

Quest House, Ground Floor, 125-135 Staines Road, Hounslow TW3 3JB

KINGSTON ACCOUNTANTS

We have over 30 years of accounting experience in the Kingston area, using our eclectic combination of traditional accounting processes and innovative accounting software in order to bring our customers the very best in accounting and customer service. We act as business advisory accountants, providing our customers with consultations that advise them on the best ways to grow their business while keeping their accounts and tax liabilities in order.

Causeway House, 13 The Causeway, Teddington, Kingston TW11 0JR

HARROW ACCOUNTANTS

We are one of the most prominent accountancy firms in London, with offices all over London. As a result, one of our offices is based in Harrow, and is located around the Park Royal area. Pearl Accountants has over 30 years of experience as Harrow accountants, serving our clients and helping them to succeed in their personal and professional lives.

Suite 618, Crown House, North Circular Road, Park Royal, NW10 7PN

STAINES ACCOUNTANTS

Our accountants in Staines are here to serve you, with our 30 years of experience in providing bespoke accountancy services for landlords, businesses, contractors, startups, and much more. Here at Pearl Accountants, we specialise as business advisory and business growth accountants, meaning that we have the accountancy knowledge, expertise, and experience to provide commercial consultations and advise you on how to grow your business whilst minimizing your tax bills simultaneously.

Rourke House Watermans Business Park The Causeway Staines TW18 3BA

LONDON ACCOUNTANTS

We have offices all over the London area, including Covent Garden, which gives you a central accountancy hub in London’s famous West End district. As a London accountants, we offer professional accountancy services to clients all over the nation’s capital and the surrounding areas, working with a range of businesses, sole traders, startups, landlords, and contractors in order to streamline their tax liability and bookkeeping procedures.

Ground Floor, 90 Long Acre Covent Garden, London WC2E 9RZ

EAST LONDON ACCOUNTANTS

Our East London accountants firm gives those in East London access to some of the finest accountants around. Our accountants in Canary Wharf is right in the heart of London’s financial district, making it an ideal home for our accountancy firm. We work with clients of all shapes and sizes, including small-to-medium-sized businesses, startups, landlords, and contractors. Our professional East London accountants pride themselves on their expertise and work ethic, providing you with stellar customer service every time.

29th Floor, One Canada Square, Canary Wharf, London, E14 5DY

HOUNSLOW ACCOUNTANTS

Pearl Accountants has offices all over London, with one of our most prominent offices being located in Hounslow, West London. We are experienced accountants in Hounslow, acting as business growth accountants for the majority of our clients due to our ability to scale businesses and help to drive their growth. We are dedicated to serving companies of varying sizes, from individual sole traders to small and medium-sized businesses across the UK.

Quest House, Ground Floor, 125-135 Staines Road, Hounslow TW3 3JB

KINGSTON ACCOUNTANTS

We have over 30 years of accounting experience in the Kingston area, using our eclectic combination of traditional accounting processes and innovative accounting software in order to bring our customers the very best in accounting and customer service. We act as business advisory accountants, providing our customers with consultations that advise them on the best ways to grow their business while keeping their accounts and tax liabilities in order. Our accountants in Kingston upon Thames are dedicated to helping you exceed with your business.

Causeway House, 13 The Causeway, Teddington, Kingston TW11 0JR

HARROW ACCOUNTANTS

We are one of the most prominent accountancy firms in London, with offices all over London. As a result, one of our offices is based in Harrow, and is located around the Park Royal area. Pearl Accountants has over 30 years of experience as Harrow accountants, serving our clients and helping them to succeed in their personal and professional lives.

Suite 618, Crown House, North Circular Road, Park Royal, NW10 7PN

STAINES ACCOUNTANTS

Our accountants in Staines are here to serve you, with our 30 years of experience in providing bespoke accountancy services for landlords, businesses, contractors, startups, and much more. Here at Pearl Accountants, we specialise as business advisory and business growth accountants, meaning that we have the accountancy knowledge, expertise, and experience to provide commercial consultations and advise you on how to grow your business whilst minimizing your tax bills simultaneously.

Rourke House Watermans Business Park The Causeway Staines TW18 3BA

Accountants London
Company Registration No. 07078392