Statutory Accounts & Tax Return
We help you stay compliant, at the right times. For compliance purposes, all UK companies are required to file accounts with Companies House and in addition, the associated tax filing requirement with HMRC.
Having prepared accounts for all types and sizes of business, from start-ups to corporate customers, we ensure your company is compliant with the UK Companies Act and international accounting and legal requirements where applicable.
We support small to medium sized companies, as well as group consolidated accounts, to meet statutory accounting and reporting requirements in accordance with Financial Reporting Standards, Companies House and HMRC filing requirements.
What is Statutory Accounts?
Statutory accounts, also known as year-end accounts or financial statements, are a legal requirement for all limited companies in the UK. These reports typically include the profit and loss account, balance sheet, cash flow statement, and accompanying notes. Filed annually with both Companies House and HMRC, they offer a clear view of your company’s financial position and performance. Proper statutory accounting supports regulatory compliance, enhances stakeholder trust, and safeguards directors against liability through timely and accurate disclosures.
Our Services Include:
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Annual Accounts preparation from relevant documentation such as cashbooks, bank statements, invoices or trial balance from your system.
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Preparation of accounting policies for insertion in your statutory accounts.
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Assist in preparing audit paper schedules to support your accounting treatment and for audit requirements.
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Preparing and reviewing Statutory Accounts for completeness, errors or any omissions.
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Submission of accounts (full or abbreviated) to Companies House.
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Preparation of working schedules for the annual accounts corporation tax computation.
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Supporting accounting and reporting requirements for conversion from GAAP to IFRS.
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Assist in the interpretation of accounting standard applicable to specific transactions.
Your Statutory Accounts & Company Tax Return done in three easy steps from just £400
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Email us or give us a call
Absolutely free, no obligation. One of our tax return accountants will ask a few questions and get to grips with your situation. Then we’ll tell you, clearly and simply, what kind of tax return support you need and confirm our fee quote.
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Send us your info
We’ll let you know exactly what we need to complete your tax return as quickly and efficiently as possible. You can send us the documents and information by email, post or through our secure online portal.
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Approve, submit
You’ll get a copy of your completed self-assessment tax return by email along with a detailed breakdown of our tax calculations. Once you’ve signed it off, we’ll file your tax return with HMRC.
Get Started
Book your free first consultation today
Tailored for Premium Clients
Our statutory accounting and reporting services are designed for high-growth businesses, including franchise groups, venture-backed startups, property firms, and complex multi-entity structures. Each set of statutory accounts is tailored to your sector, aligned with stakeholder expectations, and focused on supporting your next phase of growth. You receive transparent, accurate reporting that fosters confidence, enhances decision-making, and meets all legal obligations without compromise.
The classification of companies for Company Accounts are:
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Micro-entities (turnover up to £1m, balance sheet total up to £500,000, up to 10 monthly number of employees)
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Small companies (turnover up to £15m, balance sheet total up to £7.5m, up to 50 monthly number of employees)
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Medium-sized companies (turnover up to £54m, balance sheet total up to £27m, up to 250 monthly number of employees)
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Large companies (exceed at least double the criteria for medium-sized companies)
Why Choose PRS Smart for
Statutory Accounting Services?
We do more than collect numbers at the end of the year. Our statutory accounts services at PRS Smart are meant to make things clear for directors, not confusing. We present financial data in a way that helps you make smart decisions and builds your credibility with stakeholders.
Our accountants in the UK ensure that your legal reporting is not only accurate and compliant with the rules but also supports your business objectives. We help you move forward with confidence by turning your financial statements into a strategic tool.
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