Annual accounts filing in Allerford

Annual accounts filing for Allerford companies

Annual accounts are the yearly financial statements every UK limited company puts on the public record. For a private company they are due nine months after the end of the accounting period, and your Corporation Tax return is due twelve months after it. The tax itself is due nine months and one day after the year end, which catches many directors out.

Annual accounts for limited companies for Allerford businesses: local facts

Allerford is in the Somerset council area, in the South West region. In Somerset, 22,160 of the 24,665 VAT- and PAYE-registered businesses in the 2026 ONS count have fewer than ten employees, around 90%. If you run a company in Allerford, you are in good company.

The largest groups of micro businesses in Somerset are construction (3,515), agriculture, forestry and fishing (3,430) and professional, scientific and technical services (2,900). If you work in construction in Allerford, Construction Industry Scheme deductions, retentions and stage payments can distort profit, so we reconcile your CIS statements before the accounts are prepared. That puts construction at 16% of the local micro-business base.

Zooming in, the ONS neighbourhood area around Allerford (Somerset West and Taunton 002) has 205 VAT- or PAYE-registered businesses, and 190 of them (93%) are micro businesses.

Somerset ranks 78 of the 1105 areas we serve by number of micro businesses, and its micro share of 90% is in line with the 89% average across them. In agriculture, forestry and fishing (3,430 micro businesses in Somerset), seasonal income, grants and farm equipment need careful year-end treatment, so we tie your accounts to bank records and an asset register. In professional, scientific and technical services (2,900 micro businesses in Somerset), fee income, work in progress at the year end and how directors are paid are the key decisions, so we plan these with you before the accounts are finalised.