Limited Company Accounts
Why Choose Mazuma For Limited Company Accounts?
Our small business and micro business accountants have a wide range of experiences and qualifications – ranging from Accountancy degrees to the Association of Accounting Technicians (AAT) and the Association of Chartered Certified Accountants (ACCA).
Many of our staff have been with us over a decade and are highly experienced experts in their fields.
We are here to help businesses just like yours get their accounts and tax done quickly, accurately, and for a great price.
Affordable One-Off Accounts for Limited Companies
Need a set of Ltd Company Accounts done but don’t fancy paying a fortune for the service? Our one-off Ltd Accounts service could be perfect for you, and costs from just £575.
Mazuma’s one-off Ltd Accounts service is perfect for those of you who need a little help each year completing and submitting your Ltd Company accounts to HMRC and Companies house.
All you need to do is choose the appropriate package from the list below and then buy it here:
Why Choose Mazuma For Limited Company Accounts?
Don’t Leave it Until the Last Minute
If your business has been registered on Companies House for a few years now, you’ll be familiar with the feeling of foreboding that creeps in when you’re reaching the end of the financial year.
Most limited company directors have enough work to fill their time without having to make room for accounts. If you end up putting off your accounts until you can’t ignore them any longer, you’re certainly not the only person.
But you don’t have to leave your accounting duties until the last minute, then rush to get them sorted on time. Mazuma can take the job off your hands, so you won’t have to stay up late in the run-up to your return date.
Accounts Filed Accurately
Filing your company’s accounts can be confusing. You’ll need to provide detailed, accurate information from your company’s accounting period, including a balance sheet and a profit and loss account. Your statutory accounts will need to meet the International Financial Reporting Standards or the New UK Generally Accepted Accounting Practice.
You may try to simplify things by using accounting software, only to end up getting more confused. Being an expert in your industry doesn’t automatically mean that you’re an accounting expert. But getting things wrong could result in a fine.
That’s where Mazuma can help. Our chartered accountants are qualified and experienced in filing limited company accounts. It’s our job to know what to do – so you can guarantee that we’ll include all the relevant information and file your accounts with 100% accuracy.
Save Valuable Time
Company directors are responsible for all manner of tasks. Not only do you have to run your company, but you have to deal with the admin that comes with it, including marketing, sales, paying staff, and managing your own accounting and legal duties.
For many business owners, the freedom of taking a back seat from their financial responsibilities makes it worth investing in an expert to file their accounts with Companies House. If you simply don’t have the time for admin at the end of your company’s financial year, you need Mazuma.
Our limited company accounts service will help you save precious time, allowing you to run your business undisturbed and focus on making more profit.
Never Miss Your Deadline
Your company’s accounting period can come to an end when you don’t expect it to, and it can be hard to keep track of the important dates – especially if you’re dealing with your own self-assessment accounts and tax on top of your company tax returns.
Missing a deadline is easy to do, but it can incur penalties from H.M Revenue. If you don’t think you can meet your deadlines, hire somebody who will meet them for you.
At Mazuma, we’ll make sure that your company accounts are submitted before the deadline and that any queries or communications with HMRC or Companies House are dealt with swiftly.
Boost your Tax Efficiency
Being tax-efficient – or paying the least amount of tax required per law – can help you save hundreds of pounds on your annual tax bill. But tax efficiency may not be an area that you know much about, and you might end up not claiming expenses that can be filed.
Perhaps you don’t know where you can shave money off your tax bill, or you simply don’t have the time to trawl through your business expenses and determine where you can claim tax back. In either case, you need Mazuma.
We can help you run your business in the most tax-efficient way, and we’ll make sure that all relevant expenses are filed in your accounts.
Receive Your Accounts Faster
We know that waiting for an important service can be anxiety-inducing. The last thing you need is to entrust your accounts to a company that takes months to provide their service and fails to keep you updated.
You’ll receive a prompt service from Mazuma. As soon as we have your information, we’ll get started. It takes up to 6 weeks for us to complete your accounts, depending on the level of work required, and we’ll keep you updated with our progress along the way.
If you have any questions about our service, we’re happy to help. You’ll be able to contact the accountant responsible for your accounts directly, so you’ll always get to speak to somebody who knows exactly what you’re talking about.
Which package do you need?
CT600 only - £120
You’ll need the CT600 Package if you’ve prepared your statutory accounts and filed them at Companies House, but you need us to file your corporation tax return for you.
Trial Balance package - £575
The Trial Balance package is a good choice for you if you’ve done all your business’s bookkeeping and bank reconciliation yourself in bookkeeping software and can provide a report called a Trial Balance to us.
Electronic Package - £700
You should choose the Electronic Package if you’ve not used any bookkeeping software during the year, but you can provide all of your paperwork and bank statements to us electronically.
In this package, a maximum of 250 transactions is covered.
Paperwork Package - £950
Finally, the Paperwork Package is the best option for you if you’ve not used any bookkeeping software during the year, and you can provide all of your paperwork and bank statements to us via post.
Again, a maximum of 250 transactions is covered in this package.
Let Mazuma Submit Your Annual Accounts Accurately and On Time
If you’re a limited company registered on Companies House in the UK, you’ll need to prepare annual accounts for HMRC yearly. These accounts will report your company’s financial activity and determine how much income tax you owe to HMRC.
Of course, you could file your accounts yourself. But there’s always the potential for making mistakes, especially as the rules of filing taxes are ever-changing. Learning how to use accounting software can increase the potential for errors because you may not understand precisely how the software works.
If your limited company accounts are filed incorrectly or after the deadline, HMRC may issue a penalty fee. Even if you submit your accounts on time, you may end up missing out on benefits and overpaying corporation tax simply because you don’t know how best to be tax-efficient.
Not only are you at risk of losing money from submitting your own limited company accounts, but you’ll also end up wasting a lot of time. You can probably think of better things to do than your statutory accounts, but unfortunately, “I didn’t feel like it” isn’t an excuse that HMRC will let you off for.
Many limited companies choose to outsource their tax returns to the professional accountants at Mazuma for three simple reasons: it’s quicker, it’s easier, and it guarantees accurate results.
We’ll help you gather the right information from your financial year and submit the appropriate documents to Companies House and HMRC.
We don’t do anything by halves at Mazuma. When you invest in our service, you can guarantee that we’ll:
- Create a full set of accounts.
- Thoroughly review the details.
- Create your limited company tax return using our award-winning accounting software and add the details of your accounts.
- Submit your tax return to HMRC and Companies House on your behalf.
Our limited company accounts service is ideal as a one-off accounting solution. If affordability and speed are most important to you, but you still want to entrust the job to a qualified accountant, our annual accounts service is exactly what you’re looking for.
If you’re after a more thorough service, you’ll get more value from our subscription-based monthly management accounts package. You’ll get your own accountancy team, who will provide ongoing advice as they get to know your business.
How does the Ltd Company Accounts Service work?
We’ve streamlined our annual accounts service to make it as easy as possible for you. The steps below outline the process from start to finish:
1. Gather together all of your paperwork. This should include:
- Sales invoices or records of sales income received
- Purchase invoices
- Receipts for expenses
- Mileage logs or fuel receipts
- Mobile phone bills
- Business bank statements
- Lease or HP agreements in the company name
- VAT returns if your business is VAT registered
- Anything else you think is relevant!
2. Buy the right package and we’ll send you your forms
3. Answer all the questions on the form we send you and return it with your paperwork (physically or digitally depending on package)
4. We’ll do the bookkeeping, produce your Ltd Company Accounts, Filleted Accounts, Corporation Tax Computation and CT600 Corporation Tax Return and send them to you for electronic signature
5. Once they’re signed we’ll submit them to Companies House and HMRC for you
6. That’s it! Easy peasy, stress-free Accountancy for you.
Please note that this service is superb as a one off service but in no way compares to the level of service you’d get from our fully managed Subscription Based Accounting Services package. If you need ongoing advice and to be sure that the dividends you’re taking are legal then you should think about upgrading to this service.
However, if you need a set of accounts done by qualified accountants, quickly and cheaply then this package is a really good option.
FAQs:
What do statutory accounts include?
Statutory accounts include a balance sheet, a profit and loss account, and a directors’ report.
A balance sheet is a summary of your business’s financial balances. Your assets, liabilities and equity should all be included on your balance sheet.
When will I need to file my limited company accounts?
There’s no official date for filing your limited company tax return. Instead, Companies House will set your year end accounts depending on when you incorporated your company. Your accounts will be due exactly a year from the last day of the month you incorporated the company, so check your records.
How long does it take for you to complete my limited company accounts?
We aim to get all the work completed within six weeks of receiving all relevant paperwork, but it’s often much faster than that!
Is it possible to complete my annual accounts faster?
Potentially. If you need your annual accounts completed in double-quick time, we may be able to help you for an additional “fast track” fee. Please contact us for details.
Can you take over from my current accountant?
Yes. If you have a previous accountant, then we will need the receipt of any relevant paperwork from them. The most common delay in getting the work completed on time is waiting for paperwork from a previous accountant or because we’re waiting for additional information from you.
To avoid this happening, please make sure you send us everything you think we’ll need and make sure that you have paid any outstanding bills with your previous accountant!
What paperwork do I need for my limited company accounts?
The paperwork you’ll usually need for a limited company tax return is:
- Sales invoices or records of sales income received
- Purchase invoices
- Receipts for expenses
- Mileage logs or fuel receipts
- Mobile phone bills
- Business bank statements
- Lease or HP agreements in the company name
- VAT returns if your business is VAT registered
- Anything else you think is relevant!
Who isn’t Mazuma’s limited company accounts service suitable for?
Our annual accounts service isn’t suitable for producing limited company accounts and corporation tax returns that require any additional forms or supplementary pages completed. The only form covered within the corporation tax submission is the CT600.
Our service also doesn’t cover the preparation of the supplementary pages for loans to participators by close companies, controlled foreign companies (and Bank Levy), group and consortium, insurance, charities and community amateur sports clubs, tonnage tax, corporate venturing scheme, cross-border royalties, supplementary charge in respect of ring fence trades, or disclosure of tax avoidance schemes.
How much does limited company accounts cost?
It depends on what type of service you need and in what format you can provide your paperwork and bank statements. Our service starts at just £100 for filing corporation tax return only.
How do I get started?
If you’re keen to book our limited company accounts service sooner rather than later, choose your accounts package (or give us a call if you’re unsure which package is right for you). If you’re happy to proceed, simply purchase your package and send over the documents we’ll need from you.
Important:
We aim to get all the work completed within 6 weeks of receiving all relevant paperwork. If you have a previous accountant then this will include the receipt of any relevant paperwork from them. The most common delay in getting the work completed on time is waiting for paperwork from a previous accountant or because we are waiting for additional information from you. To avoid this happening please make sure you send us everything you think we’ll need and make sure that you have paid any outstanding bills with your previous accountant!
If you need the accounts completed in double quick time then we may be able to help you but an additional “fast track” fee will be payable. Please contact us for details.
Please note that this service is not suitable for the production of Ltd Company Accounts and Corporation Tax Returns that require any additional forms or supplementary pages completed. The only form covered within the Corporation Tax submission is the CT600. This service does not cover the preparation of the supplementary pages for Loans to participators by close companies, Controlled foreign companies (and Bank Levy), Group and Consortium, Insurance, Charities and Community Amateur Sports Clubs, Tonnage Tax, Corporate Venturing Scheme, Cross-border Royalties, Supplementary charge in respect of ring fence trades, or Disclosure of Tax Avoidance Schemes.
If you are in doubt about any of the above then please contact us before you purchase as no refunds can be offered.