Business services

Annual Accounts

All businesses need to prepare accounts at the end of each accounting period, whether they are run as limited companies, partnerships or as an individual’s sole trade. These accounts will need to be made available to HM Revenue & Customs, to support the tax payable on any profits made in the business. The accounts will be useful to other groups, such as banks and other finance providers. If the business is run through the vehicle of a limited company then accounts in a specified format will need to be filed with Companies House.

We can prepare these accounts, in the required formats, from your records. Your records might comprise computerised data, which we can review electronically, or they may be hand written summaries of income and expenses which we can develop into full accounts.

Business Tax

We will also prepare the appropriate income or corporation tax computations based on these accounts, your individual, partnership or corporate tax return and calculate the tax payable. We will consider any tax planning opportunities arising, and give advice. In conjunction with tax specialists we can provide more detailed advice where this is considered beneficial. We will deal with the administrative headache of dealing with the Inland Revenue on your behalf.

Audit

An audit provides the directors and shareholders with an independent opinion as to whether or not the accounts show a true and fair view of the affairs of the company. It also provides assurance that the internal controls and accounting procedures are operating effectively and as to the accuracy of the financial records.

A private limited company is legally required to be audited where its annual turnover exceeds £5.6m or its gross assets exceed £2.8m or where the company is regulated by bodies such as the Financial Services Authority. For lenders, suppliers or investors, the audit gives credibility to the accounts. During each audit assignment, we identify profit improvement opportunities and ways to improve efficiency and controls.

As registered auditors with the Institute of Chartered Accountants in England and Wales, we can offer audit services to corporate and non corporate clients. We are involved in a wide variety of audits including UK subsidiaries and regulated organisations such as the Law Society, Charities and FSA regulated companies.

Company Secretarial

We carry out all secretarial duties such as:

We have access to the electronic filing facilities with Companies House.

Financial Planning

We have regular discussions with our clients about their aspirations and goals. The following areas may affect you and we would be pleased to discuss them with you: