Year End Accounts Services Accurate. Compliant. On Time.
At AccTek, we prepare fully compliant year end accounts for limited companies, sole traders and partnerships across the UK.
For as low as only £19.99 per month
What Are Year End Accounts?
Year end accounts (also called statutory accounts or annual accounts) are formal financial statements that summarise your business performance for the financial year.
For limited companies, they must be prepared in accordance with UK accounting standards and filed with:
Companies House
HMRC (as part of the Corporation Tax return)
For sole traders and partnerships, year end accounts form the basis of your Self Assessment tax return.
In short: this is the financial snapshot that determines what tax you pay.
Whether you’re using Xero, spreadsheets, or a box of receipts, we turn your numbers into clear, accurate financial statements — and ensure everything is submitted correctly to Companies House and HMRC.
Year end doesn’t have to be stressful. It just needs to be done properly
Who We Help
Limited Companies
Statutory accounts preparation
Companies House filing
Corporation Tax calculations
Director’s report & notes
iXBRL submission to HMRC
Sole Traders
Profit & loss accounts
Adjustments for allowable expenses
Capital allowances
Tax computation
Partnerships
Partnership accounts
Profit allocation
Partner tax statements
How do we help
Everything You Need — Nothing You Don’t
Cloud Accounting Setup
We implement and configure cloud software such as Xero.
This includes:
• Chart of accounts structuring
• Bank feed integration
• VAT configuration
• CIS setup (if applicable)
• Property portfolio structuring
A clean system at the beginning prevents compounding errors later.
Transaction Recording & Reconciliation
We record and reconcile:
• Bank transactions
• Credit card transactions
• Supplier invoices
• Customer invoices
• Expense claims
Monthly reconciliation ensures your books reflect reality — not estimates.
Management Reporting
We provide structured reports including:
• Profit & Loss
• Balance Sheet
• Cash Flow summaries
• Budget comparisons
Financial data should inform decisions — not confuse them.
Cloud Bookkeeping with Xero
Modern bookkeeping requires modern systems.
Cloud accounting allows:
• Real-time financial visibility
• Secure digital record keeping
• MTD compliance
• Automated bank feeds
• Document storage
• Remote access
AccTek specialises in structured Xero implementation and ongoing support.
Who We Support
Our bookkeeping services are tailored for:
• Sole traders
• Freelancers and consultants
• CIS contractors
• Buy-to-let landlords
• Small limited companies
Each group has different bookkeeping challenges. We structure systems accordingly.
Helpful Accounting resources
Looking for accounting advice and guidance before paying for our service? We’ve got you covered.
How to pay yourself as a Sole Trader and how much to put aside for tax
As a sole trader, you’re not directly employed and you don’t receive a salary or wage in the traditional sense. So how do you pay yourself as a sole trader and then pay any tax due?
Understanding the legal requirements of being a sole trader
Setting up as a Sole Trader is a popular way to start a business, especially for those entering the business world for the first time. However, as with everything in business, becoming a sole trader comes with several risks you should be aware of.
What business expenses can I claim as a self employed Sole Trader?
As you juggle all the new responsibilities, you’ll also deal with lots of new costs. The good news is that many of these costs can be claimed as business expenses, meaning you’ll pay less tax and get to keep more of your hard-earned money.
Common Mistakes Sole Traders Make
We regularly see missing allowable expenses (mileage, home office, use of phone), forgetting about payments on account, mixing personal and business finances. Avoiding these mistakes can save thousands over time.
Sole Trader vs Limited Company – When Should You Switch?
A common question. There is no single income level where incorporation is automatically better. We provide clear modelling so you can see the difference in tax outcomes before making the decision.
Questions
Frequently Asked Questions
Do I need an accountant for year end accounts?
Legally, no. Practically, almost always yes. Errors can lead to penalties, enquiries, or unnecessary tax.
Can you take over from my previous accountant?
Yes. We handle professional clearance and obtain prior year figures.
How often should bookkeeping be done?
For most businesses, bookkeeping should be done monthly at a minimum.
Higher transaction volumes may require weekly updates.
Regular bookkeeping ensures:
• Accurate VAT submissions
• Real-time profit visibility
• Strong cash flow control
• Reduced year-end stress
Leaving bookkeeping until the end of the year increases risk of errors and missed deductions.
What if my bookkeeping isn’t complete?
We can tidy up your records before preparing accounts.
How much do outsourced bookkeeping services cost in the UK?
Bookkeeping costs depend on:
• Transaction volume
• VAT registration
• CIS complexity
• Number of bank accounts
• Reporting requirements
Most small businesses pay a fixed monthly fee based on complexity. Outsourced bookkeeping is often more cost-effective than hiring in-house staff.
Can you reduce my tax bill?
We ensure you claim all legitimate reliefs and expenses. We do not use aggressive schemes.
Got more questions or simply want to talk?
Call us, WhatsApp us or use the instant quote
You are in safe hands
When you trust us with your accounts, you can have complete confidence that we know what we’re doing. Our accountants have a wide range of qualifications and accreditations from trusted professional bodies such as the AAT and ICAEW.
