Annual Accounts

Company

All registered companies in the UK, including non-trading ones, must annually prepare and submit a set of final accounts to the Companies House. The annual accounts should consist of:

• Profit and loss account (or income and expenditure account for non-profit companies);

• Balance sheet signed by a director; and

• Notes to the Accounts

Our services include preparing and submitting non-audited final accounts for your business, ensuring compliance with Companies House requirements. We offer a high-quality service at a reasonable cost, saving you time and money. We manage the timeline for annual accounts production to meet statutory obligations and assist in identifying tax planning opportunities.

We will produce annual accounts for you and assist you with the preparation of your tax returns by taking advantage of available tax planning strategies. We offer a high-quality service at a reasonable cost, saving you time and money. Our expertise will help you analyse your performance and suggest ways to improve.

Sole trader or partnership

Sole traders and partnerships are not legally obligated to produce final accounts annually. However, it is important to prepare annual accounts for several reasons. These include providing the Inland Revenue with supporting documentation for personal tax calculations, monitoring financial and non-financial performance, and satisfying the requirements of other interested parties such as banks and lenders.