Company Accounts Preparation and submission to companies house
It is very crucial legal requirement for business owners to comply with when it comes to accounts preparation with latest relevant accounting standards and laws.
Good news for you is that you don’t have to be up to date with all of above, we are here to help at very reasonable cost of accounts preparation for your business.
We can look after your accounts by studying your business in details, this will help you to be more focus on your business and monitor its performance.
What types of Accounts do I need to prepare?
Certain businesses need to prepare statutory accounts with certain regulation e.g Limited companies might have to prepare accounts under FRSSE which is now over taken by new regulations, to mention few FRS 105, FRS 102 etc. We prepare statutory accounts as per business legal reporting requirements.
Sole traders and partnerships have to comply with different kind of reporting requirements from limited companies.
In simple term as limited company abbreviated and detailed accounts are prepared for statutory requirement to be filed with companies house and HMRC with relevant tax return.
Can I increase or decrease my accounting period?
Yes it is possible subject to rules and regulations.
Can book keeping software be used to prepare statutory accounts?
In short NO, book-keeping softwares can help you in daily book keeping, draft management accounts, vat return etc but statutory accounts are reported using a different format knows as iXBRL-Inline Extensible Business Reporting Language is the name for the format in which all future HMRC CT filings will have to be made. We use special dedicated software to produce iXBRL format statutory accounts based on figures from your book keeping software.
Are there any deadlines and penalties for late accounts filing?
In short YES, there is financial cost for being late for accounts and taxation filing especially if you are limited company director, have a look at director responsibility guide on our website.
Click here for more details on late filing accounts penalties for companies house
What are Management Accounts?
We also provide monthly or quarterly management accounts if required. These are purely for you to monitor how well are you performing? It can also help you decide interim or final dividends calculations.
We have very proactive approach to accounts preparation task. Please contact us for free initial consulting.
We are confident that we can add value to your business too like we already did and will keep doing to many of our existing customers, see reviews about farday keynes by our clients.