Accountancy and Office Services prepares annual accounts for privately-held limited companies, sole traders and partnerships. These take the form of a report on the financial activity and performance of the Company during its most recent financial year. That report includes:
- A Balance sheet showing the value of the company’s assets and debts on the last day of the financial year
- A Profit and loss account showing the company’s sales, its running costs and its profits (or losses) over the course of the financial year
- Notes appropriate to the company’s accounts
- For limited companies, a director’s report
Annual accounts provide a useful measure of business performance as well as its tax liability for the year. They also enable us to obtain accurate trading figures, which help identify potential savings and aspects of the business in need of improvement.
The time we spend producing a set of accounts for you depends on a range of factors, including the size of your business; the number of your transactions; how well your accountancy records are maintained; whether you are VAT registered; and whether you handle large amounts of cash. (Accountancy and Office Services’ charges will also depend on the amount of work we have to put into doing your accounts, of course.) Once they’re complete and approved, we distribute copies of your accounts to all the appropriate parties, which (depending on the type of company you run) can include HMRC, members (shareholders and/or guarantors) and Companies House.
For more information or to arrange a free, no-obligation quotation, call Vallery Lee on +44 1295 812714 or +44 7767 831403 between 09:00 and 17:30 weekdays or 09:00 and 12:00 Saturday mornings. (You can also email us using the message form here.)