Accounting Services
Statutory Accounts Preparation
Running any size of business requires you to record your transaction, and you must report these to several government departments and bodies. All of these tasks can be time consuming and not directly productive to your business.
We are here to help you with these tasks.
Statutory Accounts FAQ’s
What are annual accounts and statutory returns?
Statutory accounts is the preparation of financial records which you must present to HMRC, Shareholders, Companies House and people who attend the company’s general meetings. These accounts must be filed and presented every year at the end of the company’s financial year.
What is included in statutory accounts?
Statutory accounts must contain a “Balance Sheet”, “ a Profit and Loss accounts”, Notes about the accounts, and a Directors report. The balance sheet must have the name of a director printed on it and must be signed by a director.
What is statutory reporting in accounting?
Statutory reporting is the mandatory submission of financial and non-financial information to HMRC, Shareholders, Companies House and people who attend the company’s general meetings
What is the difference between management accounts and statutory accounts?
Management accounts are an in depth report for the business to assess how well it has performed.
Statutory accounts are the results of their efforts that year. This information is adjusted for Tax purposes.
Let us take the work out of your work/life balance
Running your business and maintaining these records by yourself or even with a small team of people can be difficult.
This all needs managing and detracts you from your business objectives.
If you are doing all your own bookkeeping and accounts each month we can assist you.
We can do this for You
Whether you need us once a year to complete your accounts or each month so you can keep tighter control over Profit and Loss, We can take this work on for you.
Whatever you want your business to accomplish we have the accounting services to achieve this with you.
- Accounts
- Preparation of accounts for year ended
- Statutory accounts preparation
- Preparation of abbreviated accounts
- Audits
- Audit of accounts for year ended
- Management Accounts
- Discussion of quarterly accounts
- Preparation of cash flow forecasts and budgets
- Attendance at Business Development meetings
- Corporation Tax
- Preparation of tax computation for year ended
- Corporation Tax Annual Return CT600
- Preparation of forms CT61
- Income Tax
- Preparation of tax computation for year ended
- Partnership self-assessment return
- Income planning for the year
- Self-assessment returns
- VAT
- Preparation of quarterly VAT returns
- Quarterly partial exemption calculations (including annual summary)
- VAT health check
- Payroll
- Preparation of weekly or monthly payroll
- Preparation of Annual Return form P35
- Review of the company expenses
- Detailed preparation of the directors loan accounts
- Preparation of forms P11D
- PAYE health check
- Company Secretarial
- Completion and submission of annual return to Companies House
