Statutory Accounts

Get the advice and support you need

Our experienced team can efficiently prepare and file the Statutory Accounts for your company and will be happy to answer any questions you may have.

In accordance with the Companies Act, almost all companies are required to prepare and file year-end accounts with Companies House and to file an iXBRL copy with HMRC within a tight timetable. Companies House will penalise accounts filed late e.g. £150 for being one-day late, £375 for being over 3 months late. These accounts must comply with Financial Reporting Standards and UK tax law and they provide an important insight into the company’s financial position and play a key role in business decision making. For example, a company can't declare a dividend without properly considering available reserves. Otherwise this could be judged to be illegal and void and care is required.

Things to consider

Preparing Statutory Accounts (or Year-End Accounts) need not be demanding, time consuming or expensive. However, regardless of whether you are a small company or a medium sized business with multiple shareholders, it is vital that they are correct as errors in this area can result in over payment of tax, penalties and interest. Some of the things that all company directors need to plan for are:

  • The critical dates for the Statutory Accounts to be prepared and filed,

  • The legal requirements relating to an audit and the size exemptions,
  • How to manage day-to-day bookkeeping to help minimise costs,

  • The legal requirements around the correct declaration of dividends,

  • How to plan to best ensure that corporation tax is minimised?

Boxwood has many years of experience in working with the directors of small and medium sized companies, ranging from small start-ups with no turnover up to medium sized companies with turnovers in excess of £5m. If you have any questions at all then please feel free to give us a call. We will be happy to answer any queries you may have and you will be surprised at how easy and inexpensive it is to get the support you need.

Accounting & Bookkeeping

Boxwood have been our accountants for a number of years and provide us with advice and support for our year-end Statutory Accounts and Corporation Tax Return. We have always found the team helpful and professional. They are always available to chat through any questions we may have and we no longer worry about getting our tax filed on time.

John at Bentley Consultancy Services Ltd

How We Can Help

We are an established firm of Chartered Certified Accountants and tax advisers and we work with a very large and varied list of clients across multiple industries. Our clients range from start-ups and small companies with very low turnovers up to medium sized companies with turnovers in excess of £5m. We offer a professional and cost- efficient Statutory Accounts production service.  We will work hand to minimise your tax liability and to we will always provide clear and practical advise and guidance.

Prompt & Proactive

We carry out all client work promptly and, wherever possible, we offer proactive advice to help our clients reduce costs and save time

Client Satisfaction is Everything

Our clients' satisfaction is very important to us and we work hard to ensure that our service is always "top drawer"

Small & Medium Business Focus

We work closely with small & medium sized clients, helping improve financial process and business decision making

Experienced &


As Chartered Certified Accountants, we offer up-to-date advice and guidance, helping reduce tax & avoid penalties

Fixed Fee Approach

Our fees are very competitive & are always agreed with our clients prior to starting any task &  there are no other costs

Accessable & Available

We are here to help our clients. So if you have any questions at all, just give us a call any time. We will be happy to help

Call us anytime for a free and informal chat 

​Call us anytime if you have any questions at all. We will be more than happy to chat through your queries. You’ll be surprised at how easy and inexpensive it is to get the help you need with your accounting and tax obligations.

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© 2020 Boxwood Accountants & Tax Advisers Ltd. All rights reserved.

Boxwood Accountants & Tax Advisers Ltd, Wenta Business Centre, 1 Electric Ave, Enfield, London EN3 7XU

​Boxwood Accountants & Tax Advisers Ltd, 83 Victoria Street, London SW1H 0HW

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