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Accounting & Auditing in The United Kingdom

Accounting & Auditing in The United Kingdom

Annual Accounts

Company may qualify for an audit exemption if it has at least 2 of the following:

  • Completion of abbreviated accounts/ unfillet accounts/ full set accounts
  • Filling the accounts
  • Our expert accountants help you to save huge cost instead of hiring full time accounting staff in UK
  • Reduce daunting task of preparing set of Financial statement and filling the statutory account
  • Let us worry for you all accounting burdens so you can concentrate on your business success
  • Support registration VAT number
  • Accounting fee is calculated based on the number of transactions

Bookkeeping

Amount (Transactions) Fee
Below 30 US$ 865
30 to 59 US$ 936
60 to 99 US$ 982
100 to 119 US$ 1,027
120 to 199 US$ 1,092
200 to 249 US$ 1,261
250 to 349 US$ 1,456
350 to 449 US$ 1,963
450 and above To be confirmed

Auditing Services

Company may qualify for an audit exemption if it has at least 2 of the following:
  • An annual turnover of no more than £10.2 million
  • Assets worth no more than £5.1 million
  • 50 or fewer employees on average
 

FAQs FAQs

1. When is the deadline for filing the first account?

The first account must be filed in 21 months after registration with Companies House.

2. What are the penalties for keeping inadequate business records?

HMRC may charge a penalty of up to £3,000 per tax year for a failure to keep records or for keeping inadequate records.

3. What is a dormant company?

A company or association may be ‘dormant’ if it’s not doing business (‘trading’) and doesn’t have any other income, for example, investments.

4. Does the dormant company need to file account to Companies House?

Yes. You must file your confirmation statement (previously annual return) and annual accounts with Companies House even if your limited company.

5. Do overseas companies need to send accounting documents to Companies House after registration?

In most cases, overseas companies are required to send accounting documents to Companies House. The accounting documents an overseas company delivers will depend on the following circumstances,

  • whether the company is required to prepare and disclose accounting documents under parent law (the law of the country in which the company is incorporated)
  • if it is required to prepare and disclose accounting documents under parent law is it an EEA company. An EEA company is an overseas company governed by the law of a country or territory in the European Economic Area (EEA)

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