Professional, done-for-you statutory accounting services
If you run a limited company, you must prepare statutory annual accounts. While these are similar to your tax returns and prepared from the same financial statements, they must be filed separately and are part of your legal obligations as a director.
We take this obligation off your busy shoulders and deliver expertly prepared statutory accounts you can bank on.
WE ARE THE EXPERTS
Run your business in compliance with Lyel Accountants
If your business is registered with Companies House in the UK, you’ll need to submit annual statutory accounts in a specific format and within a specific deadline – unless, of course, you don’t mind paying the hefty penalties!
When you work with us, we offer tailored statutory accounting services based on your company’s unique needs and ensure your accounts fully comply with HMRC and Companies House guidelines.
What are you waiting for?
REASON TO HIRE US
Why use our statutory accounting services
- Our staff ensures your annual statutory accounts are prepared per your business requirements. To do so, we’ll first have a chat with you.
- Avoid attracting the ire of Companies House; we provide assurances against any legal repercussions.
- Use our detailed and accurate reporting to gain insights for strategic decision-making for your business.
- Receive guidance every step of the way with a dedicated client manager.
- We’re equipped to work seamlessly from either your office or our premises—whichever suits you best.
LET’S MAKE YOUR LIFE EASY
The scope of our statutory
accounting services includes
- A complete set of accounts, including balance sheet, director’s report, P&L account, auditor’s report, and a condensed version of the accounts (if the limited company is dormant)
- Submission of your accounts to Companies House and HMRC on your behalf well ahead of the deadlines
- Results consolidation, including full notes and analyses of statements
- Regular updates on the financial health of your company
CONTACT US ANYTIME
Our statutory accounting services are accurate, reliable, and helpful for your business
FREQUENTLY ASKED QUESTIONS
Got a question about our statutory accounting services?
Is there any special documentation I’d need to provide for statutory accounts preparation?
Yes, we typically ask for various financial documents, such as sales and purchase invoices, bank statements, expense receipts, payroll records, and details of your assets and liabilities (if any). Don’t worry – we’ll share a list of documents needed before we start work on your statutory accounts.
What’s the expected turnaround time for completing statutory accounts?
At Lyel Accountants, we’re committed to providing the best statutory accounting services in Leeds, Bradford, Sheffield and elsewhere across the UK. We’re as keen on helping your business grow as you are, and our services reflect that which is why the turnaround time depends on the complexity of the accounts and the timely provision of all necessary information. We’d ideally finish the work within a few weeks, giving us enough buffer time to get your approval and submit the accounts to Companies House. Book a consultation with us to know more.
What are statutory accounts?
Statutory accounts are also known as annual accounts. These accounts are financial reports prepared after each financial year by limited companies. Statutory accounts are legal requirements that determine a business’ progress and failures.
The statutory account reports must be shared with all the stakeholders and the HMRC for annual tax returns. The stakeholders of your limited company include shareholders and those eligible to go to the company AGMs, Companies House, and the HMRC as part of your annual Company Tax Return.
SECTORS WE SERVE
Bespoke statutory accounting services for:
- CONSTRUCTION INDUSTRY SCHEME [CIS]
Preparing statutory accounts for construction businesses under CIS requires expert knowledge. We ensure your accounts comply with CIS and statutory requirements, clearly showing your financial position.
- HEALTHCARE
You wouldn’t put your health in the hands of anyone but an expert. So why not get trusted support when it comes to statutory accounts preparation? Use our professional accountants to make a real difference to your business.
- HOSPITALITY
With the ups and downs hospitality businesses have seen in the past year, it’s vital to have accounts preparation help that stands the test of time. Luckily – we have the know-how to deliver top-notch statutory accounting services.
TESTIMONIES OF EXCELLENCE
Appreciation our clients
have showered on us
"LYEL Accountants really helped me when other wouldn’t. Professional, efficient and cost effective."
Muhammad Abbas
Owner
"Professional, very helpful and excellent team to work with. I am very pleased with their work and highly recommend them!"
Reza Ghaffari
Owner
"I have obtained great advice from this accountancy firm, they are very professional and provided a fantastic service. I would highly recommend to everyone. Thank you for your assistance."
Satty Ali
Owner
"Brilliant service! My accountant, Ishfaq, is always there to help me with everything I need and more. He advises me not only about my finances but also helps me in understanding some business queries. Highly recommended!"
Adriana Clark
Owner
"This is a best place for your basic accounting needs. On top of that they are offering tailored services to boost your business at a very competitive price. The staff is very welcoming and deals in a friendly manner. You will be amazed at the speed of service you are likely to receive which is an added benefit. Definitely recommended!"
Rehan Javed
Owner
"Mr.Shah and his staff are very professional and great to work with. They always have your best interest in mind! I have been doing my taxes with Shah since 2015 and aside from helping me get the most out of my returns, He has been a great financial adviser in the building up of my business. Highly recommend!"
Waqas Ansaar
Owner
