Limited company guide
A practical order of work for preparing FRS 105 accounts for a small limited company.
Written and reviewed by Waqas Sagar Member of ICAEW, Fellow of ACCA, Fellow of AAT, a double graduate and entrepreneur at heart, helping startups grow and serving thousands of businesses nationwide with an excellent team. Published by LimitedCompany.Accountants, 12 London Road, Morden, London SM4 5BQ. Reviewed 12 September 2026 against 2026/27 UK rates and current Companies House and HMRC guidance.
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QuickBooks PartnerCertified ProAdvisor100+ yearsCombined team experienceFully insuredUp to £2m indemnityReconcile every bank account to the closing statement at the year end, chase anything unmatched, and make sure the last VAT return ties into the ledger.
Start with clean records
Year-end adjustments
Finish and file
Reconcile every bank account to the closing statement at the year end, chase anything unmatched, and make sure the last VAT return ties into the ledger.
Then check the balance sheet accounts that most often hide errors: the directors loan account, VAT control, PAYE control, and any suspense account.
Accrue costs incurred but not invoiced, prepay costs paid in advance such as insurance, recognise revenue earned but not billed, and write off bad debts you know will not arrive.
Add depreciation on fixed assets and reconcile the fixed asset register to the ledger. Under FRS 105 there is no deferred tax and no revaluation.
Prepare the corporation tax computation, apply capital allowances, and post the tax charge. Then produce the accounts, get them approved by the board, and file: accounts to Companies House within nine months of the accounting reference date, and the CT600 with detailed accounts to HMRC within twelve months.
Thresholds, rates and deadlines quoted here reflect the 2026/27 UK position. Check current GOV.UK guidance, or ask us, before you rely on them for your own company.
Local help
We work with company directors across London and Surrey from our office at 12 London Road, Morden, London SM4 5BQ. Pick your area, or send the form below and we will call you back.
Frequently asked
Legally yes; no audit or accountant is required for most small companies. In practice the tax computation, capital allowances and directors loan treatment are where unrepresented companies most often get it wrong.
With clean cloud bookkeeping, typically a couple of weeks including your review. Rebuilding a year of records takes considerably longer.
Keep bank statements, sales and platform reports, purchase invoices, payroll records, VAT workings, finance agreements and Companies House correspondence. We confirm the exact list at onboarding and identify gaps before a filing deadline becomes urgent.
The fee depends on transaction volume, record quality, VAT and payroll requirements, historic catch-up and the level of reporting needed. We agree a fixed scope and price before technical work starts, with published packages available on our fees page.
Yes. We request professional clearance, collect the prior records and authorities, check the next Companies House and HMRC deadlines, and give you one clear handover list. The process is normally completed remotely.
Yes. We work through secure cloud records, scheduled reviews and digital approvals, while keeping a named team available by phone, video call and email. Clients can also visit our Morden office by appointment.
We regularly work with Xero, QuickBooks, FreeAgent, Sage and connected sales or expense apps. The right setup depends on transaction volume, integrations and the reports you need, not simply the software brand.
The relevant calendar may include annual accounts, Corporation Tax payment and return dates, confirmation statements, VAT returns, payroll submissions and Self Assessment. We map the dates from your company year end and registrations.
No. This page explains general UK rules and common accounting treatment. Your facts, contracts and wider tax position must be reviewed before you rely on a conclusion.
Included approach
Check the current rules
Deadlines, thresholds and filing rules change. GOV.UK and Companies House publish the current statutory position; advice should then be applied to your company’s circumstances.
Talk to an accountant
Share your next deadline, accounting problem or growth question. We will reply with a clear next step and quote any technical work before it begins.
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Work with us entirely online, or sit down with your accountant at whichever office suits you. Open Monday to Friday, 9:00am to 5:30pm. Office visits are by appointment only, so please book before coming in.
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Pick a time that suits you and a qualified accountant will call you about your company, deadlines and fees.
Appointments run monday to friday, 9:00am to 5:30pm. Your confirmation is emailed straight away.
