Trading company · 2025-04-01 to 2026-03-31. Enter amounts in pounds. Your progress is saved each time you continue.
Everything you invoiced, or were paid, for what you sold between 1 Apr 2025 and 31 Mar 2026.
If you are VAT registered, leave out the VAT you charged on top.
General help, not tax advice.
Total invoiced or received for what you sold.
Money coming in that is not sales, for example bank interest or a small grant.
Enter 0 if there is none.
Anything else, such as bank interest.
What you paid for goods or materials that you resell, or use to make what you sell.
Enter 0 if your business does not buy stock or materials.
Stock and materials bought to sell or use.
Wages and salaries, the employer’s National Insurance and pension contributions you paid, including pay to directors.
Wages, salaries and employer National Insurance, including directors.
The value written off equipment over time as it wears out.
If you do not record this, enter 0.
If unsure: If you do not record depreciation in your books, enter 0.
e.g. A laptop bought for £1,200 and written off over 3 years: £400 a year.
Write-down of equipment value, if you record it.
All other business spending: rent, software, insurance, professional fees, travel, bank charges and so on.
Rent, software, insurance, fees, travel and so on.
Some spending is a real business cost, but HMRC does not let you deduct it when working out tax. Client entertaining is the usual example.
Add those costs up and enter the total here. It increases your taxable profit.
Leave it empty if you have none.
If unsure: If you had no client entertaining or similar costs, leave it empty.
e.g. £400 spent entertaining clients: enter 400.
Things HMRC does not let you deduct, such as client entertaining. Adds to taxable profit.
Amounts HMRC lets you deduct from your profit on top of what is in your accounts.
Most small companies leave this empty.
If unsure: Most small companies leave this empty.
Simple deductions you can claim beyond the accounts.
If the company made a tax loss in an earlier year and has not yet used it, you can set it against this year’s profit.
Enter the amount still unused. Leave it empty if you have none.
If unsure: Leave it empty if the company never made a tax loss.
e.g. A £5,000 loss from last year that has not been used yet: enter 5,000.
Trading losses you can use against this year’s profit.
Things the company owns and will use for more than a year, such as equipment, vehicles or property.
Enter what they are worth on 31 Mar 2026.
If unsure: If the company owns no equipment, vehicles or property, enter 0.
e.g. A van worth £6,500 and office equipment worth £900: enter 7,400.
Goods you hold to sell, or materials you hold to use, on 31 Mar 2026.
If unsure: Enter 0 if the company holds no goods or materials.
e.g. £2,300 of products in the warehouse on the last day: enter 2,300.
Money that customers still owe you on 31 Mar 2026, for work you have done or goods you have sent.
If unsure: Enter 0 if no customer owes you anything on 31 Mar 2026.
e.g. Two customers owe you £1,500 and £700: enter 2,200.
The company’s bank balances and any cash it holds on 31 Mar 2026.
e.g. £3,200 in the business account and £50 in petty cash: enter 3,250.
Bills and debts that must be paid within 12 months of 31 Mar 2026: supplier bills, tax you owe, overdrafts and loans due soon.
If unsure: Add up everything the company owes that must be paid within 12 months. If nothing is owed, enter 0.
e.g. Unpaid supplier bills of £800 plus tax due of £450: enter 1,250.
Bills, tax, loans repayable in the next 12 months.
Debts that do not have to be paid for more than 12 months, such as a long-term loan.
Enter 0 if there are none.
If unsure: Most small companies have none. Enter 0.
e.g. A bank loan with £5,000 still to repay more than a year after 31 Mar 2026.
Money set aside for a future cost that is likely but not certain.
Most small companies enter 0.
If unsure: Enter 0 unless you have set money aside for a specific future cost.
e.g. Money set aside for a repair the company has to carry out next year.
Only if you have any.
Accruals are costs between 1 Apr 2025 and 31 Mar 2026 that you have not been billed for yet. Deferred income is money you were paid in advance for work you will do later.
If unsure: Enter 0 if every cost has been billed and nobody paid you in advance.
e.g. £300 of electricity used but not billed yet, or £1,000 a customer paid in advance for work next year.
Costs incurred but not yet billed, and income received in advance.
The money shareholders paid in for their shares.
For many small companies it is £1 or £100. You will find it in your incorporation documents.
e.g. 100 shares at £1 each: enter 100.
Usually £1 or £100. On your incorporation documents.
Profit the company has kept from earlier years, as it stood on 1 Apr 2025.
For a new company it is 0. If the company has built up losses, we cannot file for it yet.
If unsure: Look at last year’s accounts: it is the retained profit shown at the end of that year. For a new company it is 0.
e.g. Last year’s accounts showed retained profit of £12,000: enter 12,000.
Profit kept in the company up to 1 Apr 2025. Zero for a new company.
Profit the company paid out to its shareholders between 1 Apr 2025 and 31 Mar 2026.
Enter 0 if none.
If unsure: Enter 0 if no dividends were paid.
e.g. £10,000 paid out to shareholders during the period: enter 10,000.
Total paid out to shareholders.
We work out this year's Corporation Tax and add the year's profit to your reserves for you. You never type the tax figure.
About how many people worked for the company, on average, between 1 Apr 2025 and 31 Mar 2026. Directors on the payroll count.
Enter 0 if there were none.
Include directors on payroll. Use 0 if none.
For example: “Closing cash is an estimate until the bank statement arrives.” You can send an amended return later with the final figures.