Preparing Annual Accounts is a core part of our business. As well as the number crunching, we will explain to you plainly what everything means and what is required from your Annual Accounts.
We can present the information to you in both numerical and graphical form and bring out the information that is important to YOU.
We use a range of accounting software systems so it does not matter to us how your accounting records are kept. However, we will identify inefficiencies and make recommendations to improve those efficiencies to give you more time back to yourself.
For a free, no obligation meeting, complete the form below.
Frequently asked questions
Here are some questions we often get asked. If you need any more information, just give us a call and we will be happy to answer your queries.
What are ‘year end accounts’?
The ‘year end’ is the last day of a business’s accounting year and the ‘year end accounts’ are a summary of the business’s financial performance for that accounting year.
If you’re a sole trader we recommend setting your year end at 31st March or 5th April, to will align with the tax year. These annual accounts will be used to calculate your business profits and personal tax liability.
If you run a Limited company, the year end date will be set to a year after you incorporated the business. At the end of every financial year you must send financial statements to Companies House and a corporation tax return to HMRC.
When is the deadline?
Annual accounts are usually due for filing 9 months after the year end, unless it is the year of incorporation or you have extended the financial period. Any corporation tax due will be due for payment 9 months and 1 day after the year end, although the corporation tax return doesn’t have to be filed until 12 months after the year end.