A company's year-end falls on the anniversary of the month that it was first incorporated unless subsequently changed. To satisfy your statutory requirements, your company must prepare the appropriate sets of accounts and tax return each year. This will include a full set of accounts, an abbreviated set of accounts and corporation tax computation and return.

Some companies have been known to file too much information, providing their competitors with useful data that was not required. In fact, many companies only need an abbreviated set of accounts to be submitted to Companies House. Prime can work with you to prepare your necessary documents, ensuring that only the correct information is made available in the public domain. We can also advise on shortening or lengthening your accounting period as there may be benefits to be gained from that.

Prime also provides assistance in completing records of income and expenditure for sole traders’ and partnerships’ self assessment tax returns.

Year end can be a challenging time for many companies but if Prime is producing your accounts or carrying out your annual audit, we will ensure our work is carried out efficiently and with the minimum disruption.