Service Details
Annual Accounts
We prepare annual accounts for Sole Traders and for Limited Companies.
For Limited companies, we also submit these to companies house on behalf of the directors to comply with statutory obligations and to avoid a fine. Whilst Accounts are not required to be filed by Sole Traders most mortgage applications and credit applications require them.
Annual Accounts for Sole Traders, Landlords and Limited Companies
What's the need?
If you run a Limited Company then you have a legal obligation to provide statutory accounts to companies house, usually on an annual basis. If you run any business you will have a requirement to produce accounts for your company so that you can accurately calculate what tax the business owes and what tax you may owe personally. As an owner or Director of a business you will usually need to complete a Self Assessment on an annual basis.
We Can Help!
From your books we can compile your year end accounts and provide you with both the statutory reports for filling at companies house (we will file them for you). We can also provide detail in what your expenses have been for the year, where your money has come in from and generally provide you with any report you need in order to assess how your business has performed.
Typically we will be in touch following your year end and provide you with a checklist of things that we need from you in order to complete your accounts. In the simplest form this may be a case of sending your business' bank accounts for the last twelve months and we can compile the figures from there. In the case of limited companies we may require more information including who you owe money to, who owes you money, any stock and works in progress you may have. Once we have this information we will compile the accounts for you and then arrange to discuss them with you. Once you are happy with them we will submit them to the necessary authorities and provide you with an electronic and hard copy.
As part of this service we will also complete your corporation tax return, if required, and your annual confirmation statement.
Contact Us for a no obligation friendly chat about your needs.
- Annual Accounts Filed at Companies House
- Year End Accounts produced for Sole Traders
- Stay compliant and avoid fines!
In the case of limited companies, failing to produce and file accounts on time results in escalating fines from £150 escalating upwards to £750, and doubling for subsequent years