- Annual Accounts Designed For Hospitality Businesses
Hospitality Annual Accounts
Your year-end accounts need to do more than meet a filing deadline. Our hospitality annual accounts services help you bring your financial records together, make the right year-end adjustments and prepare accurate accounts for your business.
- Fixed Monthly Fees
- Dedicated Client Manager
- Hospitality Specialists
- Cloud-Based Accounting
- Daily & Weekly Reporting
- HMRC Compliance
- Tailored for Hospitality
- 100% Year-End Review
- Companies House Filing
- Corporation Tax Ready
- Year-End Adjustments
Certified Partners With Major Accounting & Hospitality Tech
Year End Pressures
Year-end can become difficult when your records are incomplete, transactions have not been reconciled or important adjustments have been missed.
Incomplete Financial Records
Missing transactions, unreconciled balances or incorrect records can make it difficult to prepare accurate annual accounts.
Stock & Cost Adjustments
Hospitality businesses can have significant stock, food costs and other year-end figures that need to be reviewed before accounts are finalised.
Unclear Business Performance
Your annual accounts should give you a reliable picture of your sales, costs, assets, liabilities and profit or loss for the year.
Corporation Tax Preparation
Your annual accounts provide important information for calculating your taxable profit, but the accounting profit and Corporation Tax profit are not always the same.
Filing Deadlines
Annual accounts and Corporation Tax returns have separate filing and payment deadlines. Missing them can lead to penalties.
Multiple Revenue Streams
Restaurants, cafés, hotels and other hospitality businesses can have sales from EPOS, cash, cards, delivery platforms, catering and other sources that all need to be reflected accurately in the records.
Annual Accounts Built Around Your Hospitality Business
We prepare hospitality annual accounts for restaurants, cafés, hotels, takeaways, catering businesses and other food and hospitality businesses across the UK.
Statutory Annual Accounts
We prepare your annual accounts using your financial records and the information required for your business structure.
- Profit and loss account
- Balance sheet
- Relevant notes
- Year-end financial statements
Year-End Adjustments
We review your records and make the appropriate accounting adjustments needed to produce a more accurate set of year-end accounts.
- Accruals and prepayments
- Depreciation
- Stock adjustments
- Other year-end adjustments
Profit & Loss Review
We review your income and expenses to make sure your sales, cost of sales, operating costs and profit or loss are properly reflected.
- Revenue review
- Cost of sales
- Gross profit
- Net profit or loss
Balance Sheet Review
We review your assets, liabilities and balances so that your year-end financial position is properly reflected.
- Bank balances
- Debtors and creditors
- Fixed assets
- Liabilities
Corporation Tax Preparation
We use your final accounts as part of the information needed to prepare your Corporation Tax calculation and Company Tax Return where applicable.
- Taxable profit review
- Corporation Tax computation
- CT600 preparation
- Tax filing support
Companies House Filing
We help prepare and file your company’s annual accounts with Companies House, ensuring the relevant filing requirements are addressed.
- Annual accounts filing
- Filing deadline monitoring
- Companies House submission
- Filing confirmation
- Value Added Accounting
Where Hospitality Annual Accounts
Good annual accounts should do more than satisfy a filing requirement. We review your records, make the relevant year-end adjustments and prepare your financial statements so you have a reliable picture of the year that has just ended.
Get Your Year-End Records Ready
Specialist: We review your bookkeeping and supporting records before preparing your annual accounts.
Benefit: You have more complete and reliable financial records ready for year-end reporting and tax preparation.
Make Sure Your Figures Reflect the Year
Specialist: We review relevant accruals, prepayments, depreciation, stock and other year-end adjustments.
Benefit: Your accounts provide a more accurate picture of your income, costs, assets and liabilities.
Understand Your Final Profit
Specialist: We review your revenue, cost of sales, gross profit and operating expenses to establish the final accounting result.
Benefit: You can see how your hospitality business performed over the year and understand what affected your final profit.
Prepare For Corporation Tax
Specialist: We use your final accounting information to support the preparation of your Corporation Tax calculation and Company Tax Return where applicable.
Benefit: You can deal with your year-end accounts and tax responsibilities together rather than managing them separately.
Keep Companies House Filing On Track
Specialist: We prepare and file the relevant annual accounts with Companies House and keep the filing requirements in view.
Benefit: You reduce the risk of missing an important filing deadline and facing late filing penalties.
Start The New Year With Clearer Figures
Specialist: Once your annual accounts are complete, you have a reliable set of financial information to work from.
Benefit: Your year-end figures can support better budgeting, financial planning, tax planning and business decisions for the year ahead.
Who Is It For?
Our hospitality annual accounts services are designed for businesses that need accurate year-end accounts without the hassle of handling the process themselves.
You run a restaurant, café, hotel, takeaway, catering business or food truck
You run a restaurant, café, hotel, takeaway, catering business or food truck
You need accurate year-end accounts prepared from your bookkeeping records
You want your Companies House and Corporation Tax requirements handled together
You need help with year-end adjustments, financial statements and final figures
You want a specialist hospitality accountant who understands your business
How Our Hospitality Annual Accounts Work
Review Your Records
We review your bookkeeping, bank records, sales, expenses and other financial information to identify anything that needs attention before your accounts are prepared.
Prepare & Adjust
We prepare your year-end accounts, make the relevant accounting adjustments and review your profit and loss account, balance sheet and supporting figures.
File & Support
Once everything has been reviewed and approved, we help file the relevant accounts and support the associated Corporation Tax reporting where applicable.
- Hospitality Sectors We Serve
Specialist Support For Every Type
Restaurants & Bistros
Fine dining, casual dining, and independent eateries.
Bars, Pubs & Clubs
Wet & dry sales reconciliation, cellar controls & licensing.
Cafés & Coffee Shops
Counter service, daily trading controls & high volume.
Takeaways & Delivery
Platform commissions & delivery margin optimization.
Hotels & Guesthouses
Room revenue, occupancy tracking & departmental P&Ls.
Event Catering
Job costing, equipment hire & event margin planning.
Take the Next Step
A 15 - Minute Discovery Call
We’ll understand where you are with your year-end records, and explain how our hospitality annual accounts services can help you complete your accounts and tax requirements with less hassle.
- No Obligation
- Free Margin Review
- Clear Fixed Proposal
- Tailored Advice
Frequently Asked Questions
What are hospitality annual accounts?
Hospitality annual accounts are year-end financial statements prepared for hospitality businesses such as restaurants, cafés, hotels, takeaways and catering companies. They show the business’s financial performance and position and may need to be filed with Companies House depending on the business structure.
What do annual accounts include?
For a typical limited company, annual accounts can include a profit and loss account, balance sheet and notes, with additional reports depending on the company’s size and circumstances.
Do hospitality businesses have to file annual accounts?
If you operate through a UK limited company, you generally need to prepare and file annual accounts with Companies House, even if the company is dormant. The exact requirements depend on the company’s circumstances.
When are annual accounts due?
For most private limited companies, annual accounts are generally due at Companies House 9 months after the end of the company’s financial year. Your Corporation Tax payment and Company Tax Return have separate deadlines.
Can you prepare restaurant annual accounts?
Yes. We prepare restaurant annual accounts using your bookkeeping and financial records, including relevant year-end adjustments and financial statements.
Can you prepare accounts for cafés and hotels?
Yes. Our hospitality accountants can prepare annual accounts for cafés, coffee shops, hotels, takeaways, catering businesses and other hospitality businesses.
What year-end adjustments are included?
Depending on your business, year-end adjustments may include accruals, prepayments, depreciation, stock adjustments and other accounting adjustments needed to produce accurate financial statements.
Are annual accounts the same as Corporation Tax?
No. Your annual accounts show your accounting results, while the Corporation Tax calculation works out your taxable profit. The two figures can be different because of tax adjustments.
Can you file my annual accounts with Companies House?
Yes. We can prepare the relevant company accounts and support the Companies House filing process, subject to your business structure and filing requirements.
What happens if annual accounts are filed late?
Late filing can result in penalties. For private limited companies, Companies House penalties currently range from £150 to £1,500, depending on how late the accounts are filed.