If you haven't submitted a personal tax return already, due 31/1/15 - next week. We can help! Click here!

Need some year end accounts creating and submitting to Companies House? We can help! Click here!

No idea if the business is making money or not? Need to know profit and loss each month or quarter? We can help. Click here!

Gained the full EMDA Quality Assured Standard on 16th November 2007

Trading name of

Fraser Price Consulting

Fraser Price Consulting Limited
Registered office:

21 Long Acre East

Bingham

Notts

NG13 8BY.
Company number: 4907156
Registered in England

Annual accounts

What is this and why would you need this service?

Whether a limited company or not, the business has to create accounts each year representing the profit or loss (or excess of income over expenditure) for the business for that year.

For limited companies, statutory accounts also need to be prepared and filed with Companies House.

In both cases, the annual accounts form the basis of tax (personal for non limited companies, personal and corporate for limited companies) computations for that year.

So a very important process!!

Prerequisites

There must be some form of books of account although accounts can be prepared from a box of receipts.

As a bare minimum, the following would be required in order to facilitate the preparation of accounts:

  • Receipts to support income and expenditure.
  • Statements to support the receipts. for example, credit card and bank statements.
  • Unless this is a new business, a copy of last year's accounts.


To make life easier for you to manage your business, we would recommend keeping the business books discrete.  For limited companies, this is a must! For non limited companies, we would recommend opening up a 'Trading as' bank account if at all
possible. Keeps the bookkeeping simple and reduces the bookkeeping fees!!!!

How can we help?

We can prepare your accounts from your books of account whether these be from an accounts application, a cash book or a box of receipts.