 Company Accounts
Company Accounts
No matter what size of company you need to prepare annual accounts. Accounts need to be submitted to the inland revenue and companies house 9 months after the year end. Failure will lead to fines, penalties and interest on late tax. It may also lead to criminal prosecution by companies house.
Company accounts are typically 12/15 pages long and depending on the size of business must disclose certain information by law. They are prepared based on historical cost convention utilising accruals and prepayments. The Tax is calculated differently and therefore it is essential you have a working knowledge of what is tax deductible and what isn't . Assets are also treated differently and allowances and more favourable in the 1st year.
Costs typically depends on the size of Business, number of transactions, how well the records are maintained, if the business is VAT registered and if the business handles large quantities of cash. Based on the above factors please see FIXED (not seen anywhere else in the UK) prices for the varying degrees of accountancy packages.
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Package One - All balanced on an accounting package i.e sage/ quick books regardless of conditions (size, VAT, Cash etc)
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
Suitable for any business using accounting software i.e sage, quick books etc, from a corner shop to a large engineering company. A computerised package suits any business and ensures records are accurate and up to date with workable data.
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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Package Two - Less than 10 transactions per month / no VAT/ no cash
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
This would suit a one-man professional service company working in IT, or the Gas, Oil, Pharmaceutical, and Engineering Sectors. One invoice receipt per month with only travel, salary and misc expenses as outgoings. Expected turnover less than £60,000 p/annum
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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Package Three - Less than 10 transactions per month -VAT registered (Completes own VAT) no cash
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
This would suit a one-man professional service company working in IT, or the Gas, Oil, Pharmaceutical, and Engineering Sectors. One invoice receipt per month with only travel, salary and misc expenses as outgoings. Expected turnover in excess of £60,000 p/annum
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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Package Four - Larger trader no VAT & no cash
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
A small wholesale type business, or internet trader. Turns over less than £60,000 and deals on credit terms or credit/debit cards. May handle a little cash
Would also consider a small retail shop in this section - takes cash but turns over less than £60,000 per annum
Alternative sectors in this area include a professional like a small solicitor, designer, estate agent, travel agent or undertaker where remuneration will be mainly cashless. Also the trades i.e. painter, plumber, joiner, small builder.
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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Package Five - Larger trader with VAT but no cash (completes own VAT)
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
See above only turns over in excess of £60,000 - i.e. large internet trader, haulage contractor, removal company or trader working for larger companies who pay by BACS or cheque only.
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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Package Six - Larger trader with VAT & cash (completes own VAT)
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
Package designed for a larger trader, turnover in excess of £150,000. Income may or may not be predominantly in cash may also have large cash outgoings i.e. wages. Classical examples include public houses, hotels, larger retail shops and builders.
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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Package Seven - Larger trader with VAT & cash (we do VAT)
- Accounts prepared
- Submitted to HM Revenue & Customs
- Submitted to HM Revenue & Customs
- Company tax return prepared
- Tax advice to minimise tax
- Adjustments given back for year end
- All accounts i.e VAT/ cash/ bank reconciled
- VAT Returns
- Quarterly management accounts
Package designed for a larger trader, turnover in excess of £150,000. Income may or may not be predominantly in cash may also have large cash outgoings i.e. wages. Classical examples include public houses, hotels, larger retail shops and builders.
more info...
If you prefer Freephone us on 0800 652 7342
All Prices shown are exclusive of VAT
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