What Are Limited Company Accounts?
If you run a limited company in the UK, you are legally required to prepare and submit annual accounts (also known as statutory accounts) every year.
These accounts summarise your company’s financial activity over the accounting year — including your income, expenses, assets, liabilities, and profit or loss.
At JSR Management, we help UK companies of all sizes — from start-ups to established businesses — prepare accurate, compliant, and timely accounts that meet Companies House and HMRC requirements.
What’s Included in Limited Company Accounts?
Your statutory accounts must be prepared from your company’s accounting records and comply with UK accounting standards (such as FRS 105 or FRS 102).
A typical set of Limited Company Accounts includes:
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Balance Sheet – shows your company’s assets, liabilities, and shareholders’ equity.
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Profit and Loss Account – details income, expenses, and overall profit or loss for the financial year.
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Notes to the Accounts – provides explanations or breakdowns of figures in your balance sheet or P&L.
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Director’s Report – outlines company performance, future outlook, and key management information (not required for micro-entities).
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Auditor’s Report – applies only if your company requires an audit (larger companies or by shareholder request).
Small or micro-entities can often file simplified accounts — saving time and administration.
Who Must File Limited Company Accounts?
All limited companies registered in the UK — whether trading or dormant — must file annual accounts with Companies House and a Company Tax Return with HMRC.
This includes:
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Private limited companies (Ltd)
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Public limited companies (PLC)
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Dormant companies (if not trading)
Even if your company made no income or profit during the year, you still need to file accounts to avoid penalties.
Filing Deadlines for Limited Company Accounts (UK)
It’s essential to keep track of your company’s accounting and filing deadlines to stay compliant.
| Filing Requirement | Deadline | Details |
|---|---|---|
| First accounts after company formation | 21 months from the date of incorporation | You must file your first accounts with Companies House within 21 months. |
| Annual accounts (subsequent years) | 9 months after your company’s accounting year end | Applies for all following financial years. |
| Corporation Tax Return (CT600) | 12 months after your accounting period ends | Must be submitted to HMRC, including your accounts and computations. |
| Corporation Tax payment | 9 months and 1 day after your accounting period ends | Late payment may incur interest or penalties. |
Example:
If your accounting year ends on 31 March 2025, you must:
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File your company accounts with Companies House by 31 December 2025
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File your Company Tax Return by 31 March 2026
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Pay any Corporation Tax by 1 January 2026
Companies House vs HMRC – What’s the Difference?
While both bodies require company information, they serve different purposes:
| Body | Purpose | What You File |
|---|---|---|
| Companies House | Public record of company information | Annual accounts, confirmation statement, director details |
| HMRC | Tax collection and compliance | Corporation Tax Return (CT600), supporting accounts, computations |
You must meet both filing obligations — filing with one does not automatically satisfy the other.
Penalties for Late Filing
Missing a filing deadline can lead to automatic penalties from both Companies House and HMRC.
Companies House late filing penalties (private limited companies):
| Days Late | Penalty |
|---|---|
| Up to 1 month | £150 |
| 1 to 3 months | £375 |
| 3 to 6 months | £750 |
| More than 6 months | £1,500 |
These fines double if you file late two years in a row.
HMRC may also charge:
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Penalties for late Corporation Tax returns
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Interest on unpaid tax from the due date
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Possible compliance investigations for repeated lateness
Accounting Standards: FRS 105 vs FRS 102
The type of financial reporting framework your company uses depends on its size:
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FRS 105 – for micro-entities (turnover ≤ £632,000, balance sheet ≤ £316,000, ≤10 employees).
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FRS 102 Section 1A – for small entities (turnover ≤ £15.6 million, balance sheet ≤ £7.8 million, ≤50 employees).
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Full FRS 102 – for larger or more complex companies.
JSR Management ensures your accounts are prepared under the correct standard for compliance and efficiency.
Dormant Company Accounts
If your company is dormant (not trading and no income), you still need to file dormant accounts with Companies House annually.
These are simplified accounts showing:
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Company name and number
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Balance sheet statement confirming inactivity
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Signature from a company director
Even dormant companies must also file an annual confirmation statement.
How JSR Management Can Help
At JSR Management, we provide complete support for Limited Company Accounts — helping you stay compliant while optimising your tax position.
Our services include:
✅ Preparation and filing of annual accounts with Companies House and HMRC
✅ Preparation of Corporation Tax returns (CT600)
✅ Management accounts for decision-making
✅ Tax efficiency advice and director remuneration planning
✅ Assistance with accounting software and bookkeeping
✅ Support with audits or accountant’s reports
Whether you’re a start-up, growing SME, or established limited company, we ensure your accounts are accurate, timely, and fully compliant.
Why Choose JSR Management?
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Experienced UK accountants specialising in limited company compliance
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Affordable fixed-fee packages for small and medium-sized businesses
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Digital solutions – cloud-based bookkeeping and online filing
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Proactive tax advice to maximise profits and minimise liabilities
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Trusted by UK directors for reliability and transparency
Contact JSR Management
📞 Call us: 02380323846
📧 Email: accounts@jsrmanagement.co.uk
🌐 Visit: www.jsrmanagement.co.uk
Let us handle your company accounts, deadlines, and HMRC filings — so you can focus on running and growing your business.
