Comprehensive Annual Accounts Preparation
Are you looking for expert assistance with your annual accounts preparation? We specialize in preparing and filing annual financial statements for sole traders, partnerships, and limited companies across Edinburgh, Lothians, and Scotland. Whether you need a snapshot of your business’s performance or assistance meeting legal requirements, our team of professionals has you covered.
Why Prepare Annual Accounts?
For sole traders or partnerships, while preparing year-end accounts isn’t a legal requirement, it is essential to understand your business’s financial performance. It helps in completing your self-assessment tax return, identifying strengths, and planning for the next financial year.
For limited companies, submitting statutory annual accounts is a legal requirement. These accounts must be filed with Companies House and HMRC. Failure to comply can result in penalties. That’s where we can assist, ensuring accurate and compliant filings.
What We Offer
We provide a full range of annual accounts preparation services, including:
- Balance sheet preparation: A clear overview of your company’s financial health, including assets, liabilities, and equity.
- Profit and Loss accounts: A detailed summary of your revenues, expenses, and profits or losses for the year.
- Cash flow statements: Essential insights into your business’s liquidity and financial flexibility.
- Notes to financial statements: Clarifications and breakdowns to explain specific figures in your accounts.
- Director’s report: For those who want an overview of the company’s performance from the director’s perspective.
Why Choose Us?
- Accurate Financial Reporting: We ensure compliance with UK GAAP, using the appropriate framework for your business size, whether it’s FRS 105, FRS 102 Section 1A, or full FRS 102.
- Customised Services: Whether you’re a small business, a growing enterprise, or a medium-sized company, we tailor our services to suit your needs and ensure your accounting is in line with the relevant UK GAAP standards.
- Expert Liaison with HMRC and Companies House: We handle all necessary submissions and ensure full compliance with UK regulations, giving you peace of mind and freeing up your time to focus on running your business.
- Convenient Service: Our team is available to support businesses throughout Edinburgh, Lothians, and Scotland, specialising in SMEs and ensuring the most relevant accounting practices are applied to your business.
How to Get Started
To prepare your statutory annual accounts, you’ll need to provide essential documentation such as your trial balance, details of your income and expenses, and any prior-year accounts. We will guide you through every step, ensuring a seamless process.
Let us handle your annual accounts preparation while you focus on growing your business. Contact us today for expert assistance.
Start your journey toward stress-free financial reporting with us.
