Annual Accounts
Depending on your type of business, you may need annual accounts to be compiled for submission to Companies House. Sole traders or unincorporated businesses do not need to file annual accounts with Companies House, however may need to prepare financial statements to calculate any profit or loss in a period for self assessment tax returns. Limited Companies, LLPs and incorporated entities need to produce annual accounts for filing at Companies House in addition to appropriate tax returns. Our accountants work with businesses large and small to work through financial transactions at your year end, making adjustments where required and recording accruals, prepayments, depreciation charges and journals as required to produce a final set of accounts including a full balance sheet, profit and loss and reporting pack.