Annual accounts

What are annual accounts?

Annual accounts are a summary of the financial activity of your business over the last 12 months which are required to be submitted to HMRC and Companies House each year, including a Profit and Loss Account, Balance Sheet and Cash Flow Statement.

Who needs to submit annual accounts?

Any individual or small to medium-sized business earning income outside regular employment including:

  • Sole traders
  • Contractors
  • Partnerships
  • Limited liability partnerships
  • Limited companies
Business building

How can Downham Associates help?

Our experienced team of qualified accountants can provide advice and support throughout the year and at the year-end will:

  • Check financial records for accuracy
  • Produce a full set of annual accounts for your business
  • Submit accounts to Companies House
  • Submit to HMRC along with all relevant tax returns
  • Guide you through the process including Self-Assessment
  • Ensure compliance and that all necessary deadlines are met

Get in touch with Downham Associates

Contact us for more information about our services.