Year-End Accounts

Year-end accounts is more than number crunching.

RMS delivers FRS-compliant financial statements,prepared by experienced professionals and backed by a dedicated review process on every file.

Where this year's numbers tell a different story than last year's, we explain why — so your team walks into client conversations already knowing the answer.

What's Included

The RMS Year-End Accounts Pack

Everything required for statutory filing — and to support the managerial decisions that follow.

Statutory Accounts Preparation

In-depth Excel working papers prepared to support every figure on the balance sheet and each key adjustment — giving your team a clear, auditable trail behind the final accounts.

Reporting Standards Compliance

Financial statements prepared in adherence to FRS 102, FRS 102 1A, or FRS 105, as applicable to the entity.

Accounts Preparation & Filing Readiness

Financial statements prepared and finalised within the agreed timeline, ready for your team's review and submission with Companies House.

Tax Return Preparation

Relevant tax return prepared — SA100, SA800, or CT600 — matched to the entity type.

Qualified, Current Expertise

Accounts prepared by qualified staff, reviewed by an experienced senior reviewer, and backed by regular training to stay current with FRS guidelines.

Year-End Observations

Key observations from the year's figures shared with your team — practical insights that support the advisory conversations you have with your clients.

How It Works

Our Year-End Accounts Process

1

Data Gathering

Information gathered from bookkeeping software, accounts production software, and tax return software to begin preparation.

2

Balance Sheet Control Accounts

Control accounts prepared in the workpapers, supported by evidence and a breakdown of closing balances. Statutory liabilities reconciled against HMRC's online account, with any material discrepancies noted for the client.

3

Profit & Loss Ledger Scrutiny

Income and expense ledgers reviewed line by line to identify unusual transactions or adjustments affecting the profit and loss account.

4

Adjustments

Adjustments processed where required — miscoded account heads corrected, VAT treatment reviewed, missed input VAT identified, and any further corrections applied.

5

Finalising the Accounts

Balance sheet and profit and loss account finalised with all adjusted figures.

6

Financial Statements Preparation

Financial statements prepared within accounts production software, ready for review.

7

Comparative Analysis

Profit and loss compared against the prior year's figures, with clear insights and reasoned explanations for any material variances.

8

Tax Return Preparation

Corporation tax return prepared in line with HMRC-approved capital allowances and disallowable expenses.

9

Workpaper Notes

Notes added to the workpapers highlighting key events during the year, supporting a clear audit trail

10

Bookkeeping Update & Opening Balances

Once approved and filed with regulatory,update bookkeeping software to reflect all year end adjustments and match opening figures for next year.

Key Deadlines

Deadline to remember

We track every deadline so you never face a penalty.

🏢
Companies House
9 months after year-end
Statutory accounts must be filed with Companies House within 9 months of your accounting period end.
£
Corporation Tax Return
12 months after year-end
Your CT600 and tax computations must be submitted to HMRC within 12 months of the accounting period end.
💰
Tax Payment
9 months + 1 day
Corporation tax is due 9 months and 1 day after your accounting period — before the return deadline.
⚠

Late filing penalty

Avoid at all costs

Up to 1 month late £150
1–3 months late £375
3–6 months late £750
6 months or more £1,500

Doubled if late two years running.

Get Your Accounts Filed On Time

FRS-compliant accounts, prepared by our team — freeing yours to focus on advising clients, not chasing figures.