Accounts Preparation

The production of regular management accounts allows you to review the financial performance of your business. The key to making this information valuable is to use the information to improve the business strategy and processes.

Management accounts: These accounts help to make fundamental commercial decisions on issues such as funding, risk minimisation and performance improvement. Management accounts are vital and integral to the continuity and success of your business. In addition, a direct financial benefit of management accounts can be the identification of unclaimed VAT, supplier overpayments and pre-year-end tax planning opportunities.

Statutory accounts: Limited companies are required to prepare statutory accounts that must be filed with the Companies House in a statutory format. You must send full ‘statutory’ accounts to shareholders and to HMRC with your Company Tax Return. Statutory accounts must include a balance sheet, a profit and loss account, notes about the accounts and a director’s report. We will prepare statutory accounts and file them with the Companies House for you.