Year-End Accounts for Limited Companies & Sole Traders

Your year-end accounts shouldn’t be a source of last-minute panic. At BAA Group, we take the whole process off your plate — preparing accurate, fully compliant accounts and filing them on time, every time. Whether you run a limited company or work for yourself as a sole trader, we make sure your numbers are right, your deadlines are met, and you never pay a penny more tax than you have to.

Founded by Ben Brophy ACA, we bring over a decade of industry experience and a friendly, jargon-free approach. You focus on running your business — we’ll handle the books.

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What Are Year-End Accounts?

Year-end accounts (sometimes called annual accounts or statutory accounts) are a summary of your business’s financial performance over its accounting period — usually twelve months. They show what you earned, what you spent, and what’s left.

For a limited company, these accounts must be filed with both Companies House and HMRC. For a sole trader, your year-end figures feed directly into your Self Assessment tax return. Either way, getting them right matters: they determine how much tax you pay and keep you on the right side of the law.

Done well, year-end accounts are far more than a compliance exercise. They’re a clear picture of your business’s health — and the foundation for smarter decisions, better cash flow, and proactive tax planning.

Year-End Accounts for Limited Companies

If you run a limited company, your year-end obligations are more involved than many directors expect. We handle the lot:

  • Statutory annual accounts prepared in the correct format and filed with Companies House
  • Corporation Tax return (CT600) prepared and submitted to HMRC
  • Director’s responsibilities explained clearly, so you always know what’s coming and when
  • Tax-efficient planning around salary, dividends, and allowable expenses

Key Limited Company Deadlines

Missing a Companies House or HMRC deadline triggers automatic penalties — so we make sure you never do.

  • Annual accounts are due at Companies House 9 months after your accounting reference date (your financial year end).
  • A newly incorporated company’s first accounts are due 21 months after the date of incorporation.
  • Corporation Tax must be paid 9 months and 1 day after your accounting period ends.
  • Your CT600 company tax return is due 12 months after your accounting period ends.

Late filing at Companies House starts at a £150 penalty and rises the longer you delay — doubling if you file late two years in a row. We build your deadlines into our schedule so nothing slips.

Year-End Accounts for Sole Traders

If you’re self-employed, you don’t file accounts with Companies House — but you do need accurate year-end figures to complete your Self Assessment tax return correctly. We prepare a clear set of accounts that:

  • Capture every allowable expense, so you don’t overpay tax
  • Give you a true picture of your profit and what you owe
  • Feed straight into your Self Assessment return (we can handle that too)
  • Keep you ready for Making Tax Digital, which begins rolling out from April 2026

A Note on Making Tax Digital (MTD)

Big changes are coming for the self-employed. From 6 April 2026, sole traders and landlords with qualifying income over £50,000 must keep digital records and submit quarterly updates to HMRC under Making Tax Digital for Income Tax. The threshold drops to £30,000 from April 2027 and £20,000 from April 2028.

We’ll get you set up with cloud software like Xero, QuickBooks, or FreeAgent well ahead of time, so when MTD lands, you’re already running smoothly, not scrambling.

Why Choose BAA Group for Your Year-End Accounts?

  • Always on time. We track every deadline so you never face a late-filing penalty.
  • Jargon-free. We explain your numbers in plain English, not accountant-speak.
  • Tax-efficient. We look for every legitimate way to reduce your bill.
  • Cloud-powered. Xero, QuickBooks, and FreeAgent mean less admin and real-time clarity.
  • Genuinely proactive. We don’t just file and forget — we advise you year-round.
  • Tech-smart. We use modern tools and AI to answer your questions faster and cut the admin that slows traditional accounting down.

How It Works

  1. Free consultation. We get to know your business and what you need.
  2. We gather your records. Connect your cloud software or send your paperwork — whatever suits you.
  3. We prepare your accounts. Accurate, compliant, and reviewed for tax efficiency.
  4. You approve, we file. We submit everything to Companies House and HMRC on time.
  5. We plan ahead. We flag opportunities and upcoming deadlines so you’re always one step ahead.

Frequently Asked Questions

When are my limited company year-end accounts due?

Your annual accounts are due at Companies House 9 months after your financial year end. Your first set of accounts after incorporation is due 21 months after the incorporation date. We’ll confirm your exact dates and manage them for you.

Do sole traders need year-end accounts?

You don’t file them with Companies House, but you do need accurate year-end figures to complete your Self Assessment tax return correctly. We prepare these and can file your tax return too.

What happens if I file my accounts late?

Companies House issues an automatic penalty starting at £150 for private companies, increasing the longer you delay and doubling for a second consecutive late year. HMRC also charges penalties and interest. We make sure this never happens.

Can you take over from my current accountant?

Absolutely. The switch is straightforward, we handle the handover and keep everything running smoothly.

How much do year-end accounts cost?

It depends on the size and complexity of your business. Get in touch for a clear, fixed-fee quote with no surprises.

Ready to Take the Stress Out of Year-End?

Let’s get your accounts accurate, compliant, and filed on time, while making sure you keep more of what you earn.

Get in touch with BAA Group today → Contact Us