By using professional bookkeeping services, you are able to keep track of your finances and relax in the knowledge that your business is entirely tax efficient. Every private company is required to prepare annual accounts for Companies House and HRMC every year. The aim of your accounts is to report the financial activity of your company for each financial year and determine the amount of corporation tax that is owed. If you run a company, you are responsible for ensuring your accounts are accurately compiled and submitted by the statutory deadlines.
Your annual accounts should include a balance sheet, a profit and loss account, a director's report and auditor's report, unless your company qualifies for exemption. Your accounts should also include detailed notes and the company director's signature. If you are a relatively new business, your initial set of accounts should be delivered to Companies House within 21 months of incorporation. These accounts usually cover a 12 month period, beginning from the incorporation date and ending on the accounting reference date. This is usually the anniversary of the last day of the month you started your business. After your first year of trading, your accounts will need to cover a 12 month period and will be due 9 months from your accounting reference date.
We have been supplying annual account preparation services for over 20 years, and we are proficient in every aspect of the work, providing a range of accounting services across Worthing. We employ a team of highly qualified, skilled and experienced professionals that offer a personalised service. They will guide you through the entire process and ensure that you produce professionally structured audited accounts. We are recognised for our flexibility and we can carry out as much of your auditing work as you require. Every aspect of our work is verified to make sure you comply with all corporate tax laws.