Limited Company Accounts & Tax Returns
We can assist directors and persons with significant control(PSCs) in meeting the legal and financial responsibilities associated with operating a limited company.
A limited company is a separate legal entity, responsible for its own income, assets, liabilities, and debts. Directors are bound by statutory duties set out in the Companies Act 2006 and are required to act in the best interests of the company and its shareholders at all times.
Compliance with these obligations is essential, as failure to do so may result in financial penalties or legal consequences. Our role is to provide clear guidance and practical support to ensure these responsibilities are fulfilled accurately and on time.
Our Limited Company Compliance Services Include:
Preparation and Filing of Annual Accounts
We prepare statutory annual accounts and file them with Companies House within nine months of your accounting reference date. These accounts provide a full record of your company’s performance and financial position over the accounting period.
All limited companies are legally required to submit accounts, whether the company has traded successfully, broken even, ceased trading, or remained dormant. We ensure your accounts are prepared accurately and submitted in accordance with statutory requirements.
Filing of the Annual Confirmation Statement (Form CS01)
We prepare and file the annual Confirmation Statement with Companies House within 12 months of the end of the review period.
The Confirmation Statement verifies key statutory information about your company, including details of its registered office, directors, persons with significant control (PSCs), share capital, and administrative arrangements. It serves to confirm that the information held at Companies House is accurate and up to date.
Any changes to company details during the review period must be properly recorded and, where required, reported promptly to ensure ongoing compliance with statutory obligations. We monitor these requirements and manage the filing process on your behalf to help ensure your company remains fully compliant.
Companies House Identity Verification
Recent regulatory changes have introduced a legal requirement for directors and persons with significant control (PSCs) of limited companies to complete an identity verification process. This measure has been implemented to strengthen corporate transparency and deter the misuse of companies for unlawful purposes.
As registered members of a UK Anti-Money Laundering supervisory body, Michaelson Jay Ltd meet the regulatory standards required to act as an Authorised Corporate Service Provider (ACSP). We are therefore authorised to carry out the identity verification process on your behalf, ensuring compliance in a secure and efficient manner.
Corporation Tax Return (Form CT600)
We prepare and submit your Company Tax Return (CT600) to HMRC within 12 months of the accounting period end.
The Corporation Tax Return details the company’s income, allowable expenses, and tax reliefs in order to calculate taxable profits and the resulting corporation tax liability. Corporation tax is payable to HMRC nine months and one day after the end of the accounting period.
Supporting documentation, including statutory accounts and detailed tax computations, will be submitted alongside the return.
Failure to meet filing or payment deadlines may result in automatic penalties and interest charges. We ensure all returns and payments are prepared accurately and submitted on time, helping your company remain fully compliant with its statutory obligations.