Year End Accounts for GP Practices, Clinics & Locums
Year end is the point where a healthcare business finds out whether the last twelve months actually worked. Getting there means reconciling NHS schedules, superannuation, private fees, stock, equipment finance and partner drawings before a single figure is filed. Our year end accountants for healthcare in London do that work for you. CruseBurke has advised British businesses since before the Second World War.
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We prepare year end accounts for healthcare clients right across London. The reconciliations that matter are different in every case:
Accounts and returns for self-employed clinicians, with NHS pay, locum invoices and private fees reconciled and expenses fully claimed.
UDA and plan income, superannuation, lab costs and equipment finance reconciled, with accounts ready for lenders or a practice sale.
Partnership accounts, profit-share statements, drawings reconciliation and superannuation certificates prepared for every partner.
Statutory accounts with stock valuation, capital allowances and accruals, filed at Companies House and with HMRC on time.
Year end should tell you something useful, not just satisfy a filing requirement. Here is what you get:
We calculate the liability, claim capital allowances and reliefs, and file the return, telling you what to pay and when.
Accounts filed at Companies House and with HMRC ahead of deadline, in line with annual accounts requirements.
Balance sheet, profit and loss and cash flow, with NHS income, superannuation, stock and drawings all reconciled and evidenced.
If the records are behind, we bring them up to date and correct the VAT position before the accounts are prepared, not after.
We walk you through the results, compare them to last year, and agree the tax planning actions for the year ahead.
Year end is where a whole year of small record-keeping problems surface at once. These are the ones we see and fix most often:
NHS schedules never reconciled to the bank all year
Superannuation deducted at source and unaccounted for
Partner drawings and profit shares that do not balance
Stock never counted or valued on a consistent basis
Medical equipment finance and capital allowances missed
Payroll and NHS Pension figures not agreeing to accounts
Filing deadlines reached before the records are ready
Our year end team works with healthcare businesses every day, so the sector-specific reconciliations are routine rather than a discovery process:
NHS income, superannuation, UDAs and drug tariff reconciliations are familiar territory.
We act for practices and clinics across London and understand local cost pressures.
Capital allowances on equipment and fit-out identified before the accounts are finalised.
A proper review meeting in plain English, comparing this year with last and agreeing next steps.
Accounts and returns submitted well ahead of time so the tax payment is never a shock.
A single-handed locum and a multi-site clinic need different things, and are priced differently.
Year end is not why you went into healthcare. Our three-step process keeps it painless:
We begin by getting to know your practice and understanding your unique needs. This step ensures we have a clear picture of your operations and your goals.
Based on our initial discussion, we create a personalised plan designed specifically for you. The aim is to keep everything organised and easy to follow. You can rest assured that your numbers are being handled with expert precision.
From there, we take care of the ongoing work and keep you updated with reports. You’ll always know what’s happening, and we’re always here to answer your questions, ensuring you have a clear picture of your financial health at all times.
Running a healthcare practice is demanding, and your time is best spent caring for patients, not worrying about financial deadlines. That’s why so many doctors, clinics, and healthcare providers choose CruseBurke. We simplify the entire year-end accounting process, ensure full HMRC compliance, and provide clear financial insights that help you plan confidently for the year ahead.
We use Xero, Quickbooks, Sage & many other online software.
Meet, Call, E-mail or Skype to your dedicated accounts manager.
Free telephone & email support
throughout the year.
Our team have over 100 years of combined experienced.
Never Miss any deadline with our automated email reminders.
We’re an ICAEW, ACCA & AAT accredited Firm.
Take a back seat and let our expert accountants for healthcare handle everything. Here’s how easy it is to get started with us:
Reach out to us, and we’ll discuss your needs and how we can help your healthcare practice thrive.
We’ll send over a simple letter to formalise our partnership and get everything in motion.
If you're switching, we’ll take care of contacting your previous accountants to make the transition smooth.
From there, sit back and relax. We’ll manage your accounts, taxes, and everything in between, keeping your practice running smoothly.
Healthcare businesses have their own specific rules and challenges. These include NHS pension regulations, special tax relief on medical equipment or training, and a mix of private and public funding. We know these details inside and out, which a general accountant might miss.
Not at all! We help all types of businesses, big or small. We will adjust our services to suit your needs.
Yes, we can. We make sure your year-end accounts are accurate. We’ll also help you take advantage of all the allowances. This way, you pay as little tax as legally possible.
It largely depends on how quickly we get your information. If your records are organised, we can often complete the preparation phase within a few weeks.
Absolutely. Tidy bookkeeping is part of the service. We will get everything organised so your year-end accounts are accurate and compliant.
Accounts must reach Companies House within nine months of the year end, the corporation tax return within twelve months, and the tax itself is payable nine months and one day after the period end. We work to a timetable that clears all three comfortably.
Bank statements, NHS and private income schedules, purchase invoices, payroll reports, stock figures at the year end, loan and finance agreements, and last year’s accounts. If your bookkeeping is on cloud software we can usually work straight from it.
Yes. We regularly take on clients whose records are months behind. We bring the bookkeeping up to date, correct the VAT position and then prepare the accounts, so the figures are right rather than estimated.
We reconcile drawings against each partner’s entitlement, allocate the profit in line with the partnership agreement, and produce individual profit-share statements and superannuation certificates that agree to the practice accounts.
Yes. Diagnostic and treatment equipment, surgery fit-out, IT and integral features in a building often qualify. We review the fixed asset additions each year and claim full expensing or the Annual Investment Allowance where available.
Yes. We hold a review meeting to walk through the results, compare them with the previous year, identify what changed and agree the tax planning actions for the year ahead. Accounts nobody understands are of no use.
