Year end statutory accounts
Whether your business is a limited company, partnership or sole trader, year end accounts are equally important.
If you operate through a limited company you are required to file accounts with Companies House within nine months of the end of your financial year, and there are penalties if you fail to do so.
Directors are also responsible for ensuring that their companies file accounts that comply with company law and all relevant accounting standards, and Companies House can reject accounts that contain errors or omissions.
Year end accounts can be vital for partnerships and sole traders that are looking to raise finance, or where the individuals wish to make a mortgage application.
Take the stress away by putting your year end accounts in the hands of experienced professionals, who will work with you to ensure that your year end accounts are prepared and submitted correctly and on time each year.
We aim to produce your year end accounts as soon as possible after the end of your financial year. Our accounting services go much further than pure compliance; we will help you to see from your accounts exactly how profitable and stable your business is, and assist you with using the information for making the right business decisions.
The very best businesses prepare regular management accounts and use them as a key tool to understand performance and cash flow. Our team is experienced in delivering management accounts on a monthly or quarterly basis that can assist you in this important area.
We would discuss your exact requirements with you, but can produce management accounts that provide the relevant information at company level, or by division or branch. We will produce a comparison against budget and/or prior year depending on the information available. We can also provide a variance analysis which will allow you to assess levels of gross profit, overheads and highlight any anomalies. This would allow you to make quick decisions about costs levels based on monthly performance.
The management accounts we produce would be readily available to banks or other funders, helping you to keep your bank manager happy.
The next step
Please contact one of our team for more information.