Your company’s annual accounts are prepared from the company’s financial records at the end of your company’s financial year. These will form the basis of your company’s corporation tax liability.
- Statutory accounts must include:
a ‘balance sheet’, which shows the value of everything the company owns, owes and is owed on the last day of the financial year
- a ‘profit and loss account’, which shows the company’s sales, running costs and the profit or loss it has made over the financial year
- notes about the accounts
- a director’s report
We can prepare these accounts with you and file them. We can then use these figures to help you benchmark how your business is doing, prepare a budget for the next year, and identify key areas of the business to work on.