Accounts Restatement and Correction Services for UK Businesses
ABM Chartered Accountants provides specialist accounts restatement and correction services for businesses across the UK. We identify errors in filed accounts, prepare compliant restatements, and manage amended filings with Companies House and HMRC, so your financial records accurately reflect the truth.
Correct Your Accounts Before Problems Escalate
Errors in filed accounts are more common than most businesses expect. They arise from misclassifications, omitted transactions, incorrect accounting treatments, or changes in accounting policy applied retrospectively. Left uncorrected, these errors distort your financial position, affect your tax liability, mislead stakeholders, and can trigger serious questions from auditors, lenders, and HMRC if they surface later.
ABM Chartered Accountants handles accounts restatement and correction for businesses of all sizes. Our ICAEW and ACCA qualified team identifies the error, prepares a fully compliant restatement under FRS 102 or IFRS, amends the associated tax return, and manages all filings with Companies House and HMRC.
Our Full Accounts Restatement and Correction Service
From error identification to amended filing, we manage the entire restatement process, ensuring your corrected accounts are technically compliant, properly disclosed, and submitted to Companies House and HMRC without delay.
Prior Period Restatement
Restate prior period accounts to correct material errors under UK accounting standard requirements.
Amended Accounts Filing
Prepare and file amended accounts with Companies House to replace previously incorrect submissions.
Error Identification
Review filed accounts thoroughly to identify misstatements, omissions, and classification errors.
HMRC Amended Returns
Amend corporation tax returns to reflect restated accounts and correct the resulting tax position.
Disclosure Compliance
Ensure restatement disclosures meet FRS 102 and IFRS requirements for prior period error correction.
Audit Support
Prepare restatement working papers and documentation to support auditors through the correction.
Protect Your Business Before Errors Compound
An error left in filed accounts does not disappear. It carries forward into comparative figures, distorts future financial statements, and creates a growing discrepancy that becomes harder to explain and more costly to correct over time. Addressing it promptly with ABM Chartered Accountants limits the financial, reputational, and regulatory impact on your business.
A properly restated set of accounts, with full disclosure of the correction, demonstrates transparency and builds credibility with auditors, investors, and lenders. ABM Chartered Accountants ensures your restatement is handled correctly under FRS 102 or IFRS, with all required disclosures in place and all associated filings updated to match.
Accounts Restatement Services for Businesses Across the UK
ABM Chartered Accountants provides accounts restatement and correction services to businesses right across the UK. From our London base, we work with limited companies, groups, and owner-managed businesses wherever they are located.
Restatement Expertise Across Every Business Sector
We handle accounts restatements for businesses across financial services, property, retail, construction, technology, healthcare, professional services, and manufacturing. Whether you are a small owner-managed company or a group with consolidated accounts, we tailor our approach to your structure and reporting framework.
Why ABM Chartered Accountants for Accounts Correction
ICAEW and ACCA Regulated
Qualified specialists in technical accounting corrections
FRS 102 and IFRS
Restatements compliant with all applicable standards
End-to-End Management
From error review to amended filing, fully handled
How We Work
Initial Consultation
Set Up and Onboard
Ongoing Support
We provide regular reviews and proactive advice to keep your finances optimised and HMRC-compliant.
Get in Touch Today
Whether you need help with your tax return, payroll, VAT, or business advisory, our qualified UK accountants are ready to provide clear, practical guidance for your specific needs.
Book a Consultation
Fill in the form below and one of our expert accountants will contact you promptly to discuss your accounting and tax requirements.
Our Global Clients
Frequently Asked Questions
Find clear answers to the most common questions about accounts restatement and correction services.
When does an error in accounts require a formal restatement?
A formal restatement is required when an error is deemed material, meaning it could influence the decisions of those relying on the financial statements. Under FRS 102 Section 10 and IAS 8 under IFRS, material prior period errors must be corrected retrospectively with full disclosure in the notes to the accounts.
Can I file amended accounts with Companies House?
Yes. Companies House accepts amended accounts to replace a previously filed set. The amended filing must be clearly marked as a replacement and include all required disclosures. ABM Chartered Accountants prepares and submits amended accounts on your behalf, ensuring the replacement filing meets all technical requirements.
Does a restatement affect my corporation tax return?
Yes. If a restatement changes your reported profit or asset values, your corporation tax liability for the affected period may also change. ABM Chartered Accountants prepares an amended CT600 alongside the restated accounts, ensuring your tax position is corrected and any overpayment or underpayment is addressed promptly.
What is the difference between a restatement and a reclassification?
A restatement corrects a material error that affected a prior period’s reported figures. A reclassification moves items between categories without changing the overall totals. Both require disclosure in the notes, but a restatement has greater implications for comparative figures, tax, and stakeholder confidence in the accounts.
Will a restatement trigger an HMRC investigation?
Voluntarily correcting accounts and amending a tax return is generally viewed more favourably by HMRC than errors being discovered during an enquiry. ABM Chartered Accountants advises on the best approach for your circumstances and manages all HMRC correspondence to ensure the correction process goes smoothly.
Can ABM Chartered Accountants review accounts to identify errors?
Yes. ABM Chartered Accountants offers a technical review of your filed accounts to identify potential misstatements, omissions, or incorrect accounting treatments. Where errors are found, we manage the full restatement and correction process, including amended filings, disclosure notes, and updated tax returns.