Efficient statutory accountants
Let JGTAX handle your year-end accounts so you can focus on growing your business.
Contact us today and discover how we can fuel your business’s success.
Simplify your statutory accounts with JGTAX
Dealing with tax deadlines and regulations can be daunting, particularly when it comes to preparing your statutory accounts. These annual reports are mandatory for all UK limited companies, and navigating the complexities of financial statements while filing with Companies House can significantly drain your resources.
At JGTAX, we recognise the value of your time and aim to ease this burden. Experience peace of mind with our specialised statutory accounts service, which is expertly crafted to handle every detail for you.
With our skilled accountants, you’ll feel confident knowing your record-keeping is flawless, tax calculations are accurate, and you’re fully compliant with regulations. We guarantee timely submission of your accounts, enabling you to concentrate on what matters: expanding your business.
Statutory accounts services made easy
Tax return expertise
We'll ensure your corporation tax return is accurate and filed with HMRC by the deadline, minimising potential penalties.
Financial clarity
We thoroughly evaluate your income and expenses, delivering crucial insights that enhance your business's financial well-being.
Dormant company support
Even non-trading companies have filing requirements – we'll efficiently handle accounts’ preparation for dormant companies.
Abbreviated accounts submission
We handle the entire filing process of your abbreviated accounts, ensuring they meet all regulatory requirements for Companies House and HMRC.
Comprehensive reporting
Our in-depth notes and analysis break down your accounts in a clear, easy-to-understand format.
Annual accounts preparation
We will prepare, review, and submit your annual accounts to Companies House, ensuring compliance with all statutory requirements.
Don't let year-end stress hold you back
Kickstart your business journey with a call to 020 3289 1688. We’re available from 10 am to 6 pm, Monday to Friday.
For email inquiries, reach out to info@jgtax.co.uk.
Who we serve
Startup/
entrepreneur businesses
Startup/
entrepreneur businesses
Overseas landlords
Overseas landlords
Small and medium enterprises
Small and medium enterprises
International business with UK branches
International business with UK branches
What sets us apart?
Certified accountants
Our team of chartered certified accountants have a deep understanding of UK tax laws and statutory accounting regulations.
Stress-free compliance
Let us navigate the complexities of UK statutory accounts, saving you time and ensuring peace of mind.
Accurate and timely filing
We ensure your accounts are filed with Companies House and HMRC on time, avoiding potential penalties.
Data security and confidentiality
We prioritise the security of your financial data and adhere to strict confidentiality standards.
Peace of mind
We handle the deadlines and legal requirements, empowering you to focus on what truly matters—successfully running your business.
Transparency
We understand that every business is unique and tailor our approach to meet your specific statutory accounts needs.
Frequently Asked Questions
What are the consequences of submitting incorrect statutory accounts?
It’s essential to ensure that your statutory accounts are accurate and compliant. Submitting incorrect statutory accounts can lead to severe consequences, like driving without a licence. Here’s why it’s crucial to get it right:
Penalties and fines: Companies House may impose significant financial penalties for late filing or incorrect submissions.
Legal action: In extremely severe cases, you could face legal action, including disqualification as a director.
Damage to business reputation: Incorrect accounts can damage a company’s reputation and credibility among investors, lenders, and business partners.
HMRC investigations: Incorrect accounts may trigger HMRC investigations, leading to potential back taxes, penalties, and interest charges.
Impact on future funding: Incorrect accounts can hinder a company’s ability to secure future funding or financing.
You can safeguard your business and maintain its reputation by avoiding the pitfalls of incorrect statutory accounts.
How can I prepare for an audit of my statutory accounts?
Treating it as a comprehensive financial check-up for your business is essential when preparing for an audit. To ensure a successful audit, consider the following key steps:
Maintain detailed records: Keep organised and precise records of all financial transactions, such as bank statements, receipts, and invoices.
Regularly reconcile your accounts: Ensure that your bank statements and cash book balances align and reconcile your accounts regularly.
Understand your business operations: Prepare to explain your business operations and financial transactions clearly to the auditor.
Seek professional assistance: Hire a chartered certified accountant who can help you prepare for the audit and address any potential concerns that may arise.
Do I need to file statutory accounts if my company is dormant?
It’s important to remember that even if your company is not active, it still has certain filing obligations. Whilst you will no longer have to file a Company Tax Return with HMRC, Companies House still requires certain items. Here’s why it’s essential to file statutory accounts:
Annual confirmation statement: Every company must submit an annual confirmation statement to Companies House, providing an update on the company’s status.
Dormant company accounts: If your company has had no financial transactions, you can submit simplified ‘dormant’ company accounts.
Simplified online accounts: If your company has never traded, you can use the HMRC WebFiling online service for quick and easy submission of dormant accounts.
Fulfilling these obligations is crucial to ensuring that your dormant company remains compliant. Let us handle the necessary filings for you.
Can I change my financial year-end after submitting statutory accounts?
Changing your financial year-end is a process that requires careful consideration and planning. Here are a few crucial points to keep in mind:
HMRC approval: Any changes to your financial year-end will require approval from HMRC. You can make the request online using the Companies House service.
Additional accounts: You may need to prepare extra accounts to cover the shortened or extended period resulting from the change.
No change can be made if accounts are overdue: It is not possible to change the year-end date if the due date has passed.
Changing within 3 months of the filing deadline: You have 3 months from the date of the change to file your accounts (this is different in the first year).
If you need assistance changing your financial year-end, we can help manage the complexities involved, ensuring a seamless transition for your business.
Accreditation
