As you might expect, the preparation of accounts is one of our core activities.
All businesses are required to produce annual accounts for the Tax authorities. In addition Limited Companies must file their accounts at Companies House.
The accounts provide a 'snapshot' of a business' financial position on a particular date. The owners must certify that the information given is accurate, as they can be held liable for any omissions, inaccuracies or fraudulent statements. It is therefore imperative that your accounts are prepared accurately and promptly each year.
Our team is fully qualified to deal with preparing accounts for businesses of all sizes from sole traders to plc's. We use the financial records that you provide to construct a 'Profit and Loss account' and 'Balance Sheet' in accordance with the current legal requirements. Other useful ancillary information can also be shown if necessary. We work closely with you to ensure that your accounts are produced quickly and make sure you understand the implications of the figures. You will then be well placed to plan and continue the development of your business.
Of course, in addition to the legal obligations the annual accounts are a very useful management tool for yourself. They enable you to review your trading position and assess the strength of your business. When compared against previous years figures they provide a useful barometer of progress and this can help you to plan for the future more effectively.
Other core services include the completion of statutory books, company secretarial records and that all statutory returns are prepared. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on other areas of your business. In short, we will make sure everything is in the right format, in the right place and at the right time.