Annual Accounts for Small Businesses

Accurate, compliant, and timely annual accounts for businesses meeting the audit exemption criteria.

At Sterling Financial Management, we specialise in preparing annual accounts for small and micro businesses, helping you stay compliant with Companies House regulations and giving you clear insights into your business performance.

As Chartered Management Accountants, we bring a proactive, professional approach to your accounts and always keeping an eye on your future business and not just what has allready happened. We’re also committed as a practice to ongoing professional development (CPD) to ensure we stay up to date with the latest regulations and standards, so your accounts are always in safe hands.


Who Needs Annual Accounts?

If your Limited Company meets the audit exemption criteria set out by the government, you’re still required to prepare and file annual accounts with Companies House but you don't need a full audit. Audit exemptions apply to small businesses that meet two of the following three criteria:

Turnover of £10.2 million or less

Assets worth £5.1 million or less

50 employees or fewer

If your business qualifies, we can prepare your accounts under the appropriate financial reporting standard:

FRS 105 - For micro-entities, offering simplified reporting.

FRS 102 - For small businesses, providing more detailed financial reporting.

Whether you’re a micro-entity or a small business, we ensure your accounts are prepared accurately and filed on time.


Our Annual Accounts Service



Preparing annual accounts isn’t just about ticking a compliance box—it’s about understanding how your business has performed and planning for the future. Here’s how we help:

1 Accurate preparation

We gather and verify your financial data to ensure your accounts are prepared in full compliance with FRS 102 or FRS 105 standards.

2 Regular check-ins

Even if you’re on a basic compliance package, just for your annual accounts and corporation tax, we’ll schedule a quarterly touch base to check how things are going, address any concerns and see if we can offer you any further support.

3 Proactive year end planning

A month before your financial year-end, we’ll invite you to a planning meeting. This ensures we can discuss:

your goals for the upcoming year

how to minimise tax liabilities

any changes in legislation that might affect your business

4 Clear and insightful reporting

Your accounts won’t just be a set of numbers—we’ll explain them in plain English, providing you with insights into your business’s performance and areas for improvement.


5 Submission to Companies House

We’ll ensure your accounts are filed accurately and on time, so you never have to worry about late penalties.

One thing we often hear when people change accountants is that they didn't feel supported by the previous accountant. This will NOT happen with Sterling Financial Management Ltd. We are proactive and you'll have regular check-ins and we are always a phonecall or email away.


How We Support You All Year-Round

Why Choose Us For Annual Accounts?


If you’re on our Plan for Profit programme, we’ll already be meeting regularly to review your business’s financial performance and strategy.

This means your year-end accounts will seamlessly align with the big picture.

For basic compliance clients, we believe in staying connected.

That’s why we offer:

Quarterly Check-Ins - To touch base and ensure everything is on track.

Year-End Planning - A meeting before your financial year-end to plan ahead and discuss how we can help your business in the coming year.

Chartered Management Accountants: As qualified professionals, that have a focus on the future and not just the past, we bring a high standard of expertise and a commitment to staying updated with the latest regulations through CPD.

Tailored to Your Business - Whether you’re a micro-entity or a small business, we ensure your accounts meet the appropriate reporting standards (FRS 105 or FRS 102).

Proactive Approach - With quarterly check-ins and year-end planning meetings, we’re always one step ahead to support your business.

Plain English Explanations: We break down your accounts into understandable insights, so you feel confident and informed.

Flexible Packages: From basic compliance to our comprehensive Plan for Profit programme, we tailor our services to meet your needs.

Let’s Get Started


Don’t let your Annual Accounts compliance cause headaches. Contact us today to ensure your Annual Accounts returns are accurate, useful, on time, and fully compliant with Companies House.


We are based in Dorking, Surrey and 100% cloud-based, we can work with you wherever you are in the country.

Interested in reading more about our bookkeeping services?

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