Annual Accounts & Reporting
Ackland Webb Accountants
All businesses must complete annual accounts. If you’re a sole trader or partnership, your annual accounts support the tax returns you submit to HMRC. If you’re a limited company or limited liability partnership, your annual accounts are required under company law. They must be submitted to Companies House, as well as to HMRC with a corporation tax return.
You focus on making money, we sort your annual accounts
Your accounts need to show a true and accurate financial position for your business and comply with legislation and relevant accounting standards. For limited companies and limited liability partnerships, these accounts are available on public record and may be used by a variety of interested parties, including banks, suppliers and customers. It is therefore important to ensure that you get this right and that the accounts reflect the underlying strength of your business.
We help you compile the necessary accounting information and prepare your accounts in accordance with the specific statutory requirements for your business. Where appropriate, we give advice to ensure that you comply with all relevant legislation. In many cases, we’ll prepare your annual accounts and reporting alongside a management accounts process.
If you would like to discuss how we might assist you, please contact us for a no-obligation initial meeting.
"Accounts are important, for example credit rating companies rely on them as do banks and mortgage lenders. Make sure they reflect underlying performance of your business."
