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Limited Companies

Accounts & Tax Returns

Overview

After the end of its financial year, your private limited company must prepare:

  • Full (‘statutory’) annual accounts
  • A Company Tax Return
You need your accounts and tax return to meet deadlines for filing with Companies House and HM Revenue and Customs (HMRC).
You can also use them to work out how much Corporation Tax to pay.
ActionDeadline
File first accounts with Companies House 21 months after the date you registered with Companies House
File annual accounts with Companies House 9 months after your company’s financial year ends
Pay Corporation Tax or tell HMRC that your limited company doesn’t owe any 9 months and 1 day after your ‘accounting period’ for Corporation Tax ends
File a Company Tax Return 12 months after your accounting period for Corporation Tax ends

*Your accounting period for Corporation Tax is the time covered by your Company Tax Return. It’s normally the same 12 months as the company financial year covered by your annual accounts.

Filing Your Accounts and Tax Return

You must take additional steps at the end of your company’s first year or if you restart a dormant company.

There are penalties for filing late with Companies House and HMRC!

Self-Employed or Limited Company

Self-Employed

Benefits [+]Drawbacks [-]
Lower accounting fees Higher National Insurance
Less paperwork and less hassle Full responsibility for the business
You can withdraw any amount of profits Single person entity
- Less prestigious
- You can only have a Personal Pension

Limited Company

Benefits [+]Drawbacks [-]
Less National Insurance liability Higher accounting fees
Limited liability Monthly, quarterly and annual returns to HMRC and to Companies House
The company can have more than 1 director -
Prestigious -

Subscription

For limited companies, Spartan Accounting Group Ltd offers a three-tier subscription service, as well as a number of stand-alone services. For an explanation of the fees involved please see our fixed fees description page.

BRONZE

£60.00
  • Submission of year end accounts for HMRC and Companies House
  • Submission of your CT600 Corporation Tax Return
  • Preparation of one annual self-assessment tax return for a company director/partner
  • Annual business health check
  • Monthly payroll for up to two employees
  • Unlimited telephone and email support
  • Assistance in opening a business bank account
  • Provision of company address
  • Personal tax return for up to two directors/employees
  • BUY NOW

SILVER

£75.00
  • Submission of year end accounts for HMRC and Companies House
  • Submission of your CT600 Corporation Tax Return
  • Preparation of one annual self-assessment tax return for a company director/ partner
  • Annual business health check
  • Monthly payroll for up to two employees
  • Unlimited telephone and email support
  • Assistance in opening a business bank account
  • Provision of company address
  • Personal tax return for up to two directors/employees
  • VAT returns compilation and filing
  • Business planning advice and annual budgeting
  • Quarterly account management
  • BUY NOW

GOLD

£90.00
  • Submission of year end accounts for HMRC and Companies House
  • Submission of your CT600 Corporation Tax Return
  • Preparation of one annual self-assessment tax return for a company director/ partner
  • Annual business health check
  • Monthly payroll for up to two employees
  • Unlimited telephone and email support
  • Assistance in opening a business bank account
  • Provision of company address
  • Personal tax return for up to two directors/employees
  • VAT returns compilation and filing
  • Business planning advice and annual budgeting
  • Twice-yearly business performance and annual tax review meeting
  • BUY NOW