LIMITED COMPANY

Recurring compliance work – statutory accounts and tax returns

If you require statutory accounts for Limited Companies or Limited Liability Partnership we will:

• Prepare statutory accounts from the records and information you provide;
• Assist in completing or clarifying records where required;
• Prepare accounts in accordance with the applicable accounting standards and, where relevant, the Companies Act 2006, Limited Liability Partnership Act 2000, Limited Liability Partnership Regulations 2008, and Financial Reporting Standards
• Identify and discuss any areas where the accounts may not comply with relevant standards;

For corporation tax (and LLP tax where applicable) we will:

• Prepare the corporation tax computation and CT600 return;
• Apply iXBRL tagging for submission to HMRC;
• Submit the corporation tax return to HMRC after you have approved it;
• Advise you of corporation tax liabilities, payment deadlines and filing deadlines;
• Advise on relevant claims and elections based on the information you provide

Your responsibilities

The directors are responsible for:

• Maintaining accurate and complete accounting records.
• Providing complete and timely information needed to prepare the accounts and tax returns.
• Ensuring the accounts give a true and fair view and comply with the applicable legal and accounting requirements.
• Reviewing and formally approving the accounts before they are filed.
• Making judgements and estimates that are reasonable and prudent.
• Ensuring the corporation tax return is complete and accurate.
• Reviewing and approving the corporation tax return before submission to HMRC.
• Providing all relevant tax information in good time and paying any corporation tax due on time.

Additional information

• As part of our normal procedures, we may ask you to confirm in writing any important oral information or explanations you provide to us during our work.
• We will not carry out an audit or verify the accuracy of the information provided.
• We have a professional obligation not to be associated with accounts that may be misleading. In rare cases, this may result in us withdrawing from the engagement.