Annual statutory accounts are a legal requirement for limited companies and LLPs. Annual accounts are also prepared for all sole trade businesses and partnerships, mainly for the purpose of calculating profits for tax purposes. Annual accounts are used for other important purposes however, mainly connected with finance. Funding and grant applications, mortgage references, rental references and credit checks all rely on the annual accounts, or from data extracted from them, so it’s vital that they are accurate and complete.
The standard accounts service goes beyond a simple compliance exercise however – our aim is for you to fully understand your business accounts so you can better understand your business. At a time convenient to you we will meet or arrange a call to review your accounts and go over them with you, answering your queries, interpreting the numbers for you, and making suggestions on possible changes and improvements.
Our accounts clients also benefit from support on routine matters throughout the year, even if you don’t subscribe to some of our more in-depth business support services.