We prepare company accounts for businesses across the UK
We prepare company accounts and deliver trusted accountancy services for sole traders across the UK, backed by 19 years of hands-on experience since 2007. Our qualified team handles tax returns, VAT submissions, bookkeeping, payroll, and self-assessments with the precision and care that only comes from nearly two decades in practice.
Managing receipts, spreadsheets, and tax deadlines pulls valuable time away from running your business. That is why, for a simple fixed monthly fee, we provide an all-inclusive package with unlimited support and proactive expert advice. From your first self-assessment to your annual company accounts, we handle every detail so you can focus on growing your business with complete confidence.
As dedicated accountants for company accounts with 19 years of qualified experience, we provide a full range of services covering tax returns, VAT returns, online bookkeeping, self-assessments, and payroll, supporting sole traders, limited companies, partnerships, LLPs, contractors, and individuals across the UK.
Every year our clients rely on us to prepare their annual company accounts with accuracy and full HMRC compliance. As your trusted company accounts accountant, we offer an all-inclusive fixed monthly package with no hidden costs, proactive advice, and unlimited support so your business stays confident and compliant.
How do we prepare company accounts and complete your tax returns?
Give the Green Light ...
Join Asmat Accountants and become a client by generating a quote on our website or calling us on 01753 424 968.
Collecting the right information ...
We will gather all the necessary information directly from you to ensure everything is accurate and complete. If required, we will also contact your previous accountant on your behalf, making the process as smooth and hassle-free for you as possible
Preparation and Compliance
Our experienced accountants will prepare the necessary returns in line with current compliance requirements, ensuring accuracy and efficiency throughout the process.
Submission to the relevant authorities …
We will submit your tax return to HMRC and Companies House if possible.
Our Expertise
Sole Traders
Simple, all-inclusive financial solutions at a fixed price.
Limited Companies
Professional accounting support tailored for your limited company.
Partnerships
Qualified accountants delivering expert services for partnerships.
Limited Liability Partnerships
Expert accountants delivering tailored services for Limited Liability Partnerships.
Contractors
Hassle-free accountancy solutions tailored to contractors and freelancers.
From the simplest questions to the biggest concerns — we’re here to help.
A truly unlimited accounting package that meets all your needs with complete transparency — no hidden costs, and a guaranteed response to your enquiries within three hours.
Unlimited support via phone and email
Absolutely no hidden fees
Guaranteed response within 3 hours
Trust the professionals with your numbers
We’re here to support your growth and reduce your tax liabilities.
Our goal is to support your business growth while reducing your tax burden. With monthly or quarterly management reports generated through QuickBooks Accounting Software, you’ll gain clear insights to make smarter business decisions. Plus, your accountant will be equipped to provide you with ongoing tax guidance every step of the way.
Monthly or Quarterly Management Reports
QuickBooks Subscription Included
Ongoing Expert Tax Advice
Ready to join us? We’ll handle it all for you!
Once you give us the go-ahead, we seamlessly take over all your accounting needs. If required, we’ll liaise directly with your previous accountant on your behalf, ensuring your accounts and tax matters are brought fully up to date without delay.
We liaise with your existing accountant on your behalf.
We handle HMRC approval to become your appointed accountant.
You stay focused on what you do best — running your business.
Frequently asked questions
INTRODUCTION TO COMPANY ACCOUNTS
If you have a limited company, then it is important that you should prepare your company accounts since this is a legal requirement. Unfortunately, this can be an intimidating task to accomplish. The following is an outline of what you need to do.
Company accounts consist of your company tax return as well as your complete annual statutory accounts. Statutory accounts refer to the yearly financial records prepared by your company at the end of every financial year. These records will be distributed to the Companies House and to HMRC to be used for your tax return.
WHAT DOES THE COMPANY ACCOUNTS OF A SMALL COMPANY CONSIST OF?
Generally, statutory accounts consist of a balance sheet, a profit and loss account, as well as notes pertaining to the accounts. A balance sheet indicates everything that the company owes, is owed, and owns. A profit and loss account indicates the running expenses, sales, and any profit or loss obtained by your business over a certain financial period. Depending on how big or small your business is, you might also need to prepare an auditor’s report or a director’s report. However, if the government considers your business as a micro-entity or a small company, then you might be able to deliver simpler “abridged” company accounts to Companies House that do not require any auditing.
Your company will be considered small if its turnover is £10.2 million or less, your employees are 50 or less, and your balance sheet shows £5.1 million or less.
Your company will be counted as a micro-entity if its turnover is £632,000 or less, your employees are 10 or less, and your balance sheet indicates £316,000 or less.
Micro-entities and small businesses are allowed to use an exemption so that there is no need for an audit on their accounts. You can decide whether you want to send a copy of your profit and loss account and director’s report. You could have a simpler balance sheet.
Micro-entities can choose to have simpler accounts that satisfy the statutory minimum requirements, and only deliver their balance sheet to Companies House.
It is important that statutory accounts must be able to satisfy the accounting standards, either the New UK Generally Accepted Accounting Practice or the International Financial Reporting Standards.
IS IT POSSIBLE TO CREATE MY OWN COMPANY ACCOUNTS?
Running your own business is extremely rewarding, but at the financial yearend, things can sometimes become stressful and time-consuming, especially if you are not a competent accountancy professional trying to compile a set of accounts.
If you are a small company or a micro-entity, then you can opt to prepare your own accounts for your limited company. It is not essential that an accountant file your accounts, but it is highly recommended.
On the face of it, it may seem simple to compile a set of company accounts, but you must be competent in doing so as mistakes can lead to serious penalties and increased tax liabilities.
Unfortunately, it is the law that accounts must be filed each year, and it is important that the information filed is accurate and on time. It is important to instruct the right accountant who will ensure that all the legal requirements are satisfied and that the company’s accounts meet the accounting standards. In turn, this will not only help to relieve your stress levels, but provide you with peace of mind that your accounts have been filed accurately and on time, avoiding any potential penalties.
WHAT ARE COMPANY ACCOUNTS?
A company’s financial activities during a 12-month period is summarised in its accounts. The Balance Sheet and Profit and Loss Statement are all prepared for Companies House and HM Revenue & Customs every year.
What are the thresholds to qualify as a small company?
The thresholds (current at latest update) are: turnover not more than £10.2 million;
balance sheet total not over £5.1 million; average number of employees not exceeding
50. If you exceed two of the three, you are not a “small” company. (Check up to date on
gov.uk).
When do I need to file my Annual Accounts and what are the deadlines?
Companies must file their Annual Accounts with Companies House within 9 months of
the end of their accounting period (for private companies). There are also deadlines for
filing the Corporation Tax return with HMRC (usually 12 months after the accounting
period ends) and paying the tax due (usually 9 months + 1 day after the accounting
period end).
