Accounting Services in the United Kingdom

Our accounting services in the UK are for every Private Limited Company (Ltd). This service is essential for startups, small businesses, and non-resident-owned companies that need to meet their legal obligation to prepare and file annual statutory accounts. It is designed for founders who require assurance that their financial statements are prepared accurately and in compliance with UK Generally Accepted Accounting Practice (UK GAAP), specifically FRS 102 or FRS 105 for small entities.

Formal accounting is a mandatory annual requirement. Your company's first accounts must be delivered to Companies House within 21 months of incorporation. Subsequent annual accounts must be filed within 9 months of your company's financial year-end. These same accounts form the basis of your Corporation Tax return (CT600) which is filed with HMRC. Our service ensures both these critical deadlines are met.

Professional accounting services in the UK are typically provided as a year-end package, which offers excellent value by ensuring total compliance.

• **Annual Compliance Package (Accounts & Tax Return):** £600 – £2,000+ for a standard small business. The price depends on the quality of the bookkeeping records and the complexity of the business.
• **Monthly Accounting Retainers:** Starting from £200 - £500 per month, these packages often include bookkeeping, VAT returns, payroll, and the year-end accounts and tax filing, providing a complete financial solution.

The consequences of failing to meet UK accounting standards or filing deadlines are serious and automatically enforced:

• **Late Filing Penalties:** Companies House imposes automatic, escalating penalties for the late filing of annual accounts, starting from £150 and rising to £1,500 or more.
• **Director Liability:** Directors are personally responsible for ensuring the company's accounts are a 'true and fair' view of its financial position. Filing inaccurate or misleading accounts can lead to investigation and disqualification.
• **HMRC Investigations:** Inaccurate accounts submitted with your tax return can trigger a tax investigation from HMRC, which can be costly and time-consuming.
• **Difficulty Securing Finance:** Banks and investors will not provide funding to a company that is not in good standing with Companies House and HMRC.

Outsourcing your UK accounting is the standard for virtually all small and medium-sized businesses. The rules of UK GAAP are complex, and the preparation of statutory accounts requires a qualified accountant. Attempting to do this yourself is not feasible and carries enormous risk.

YourLegal provides a seamless and cost-effective accounting service. Our qualified UK accountants work directly from the data in your bookkeeping software to prepare your annual accounts and tax return. We ensure everything is fully compliant, optimized for tax efficiency, and filed on time, every time. This protects you from penalties and legal risk, allowing you to run your business with confidence.