Annual Accounts
By law if you register a company (whether it is a Limited entity or an LLP) at Companies House you commit to filing annual accounts, or in other words, certain financial information on your company.
Whilst the level of information you have to supply varies significantly depending on the size of your company, it is important that the accounts are submitted in the correct format and follow accounting standards in their presentation and computation.
Annual accounts give you an historic review of your business, at Continuum we like to start to prepare these for you quickly after your year end. The filling deadline is normally nine months after your year end, but by that time, the information can be vastly out of date and irrelevant.
Accurate and timely year end accounts can be used to review what went right, what went wrong and can assist you in forecasting for the future. By computing your tax liabilities quickly, it can also assist you with cashflow forecasting.
Let us help you to ensure that you meet your statutory obligations in relation to your statutory annual accounts. Take comfort in the knowledge that they will have been prepared by a highly experienced and qualified accountant.
Startups
Your first annual company accounts can be quite daunting. We can help you ensure that your statutory obligations are met. We can talk you through your year end results and explain the implications of what your financials are telling you.
Growing Businesses
You are probably used to filling your annual accounts by now, but there are often updates in filing legislation that you may not be aware of. The information required by law on your balance sheet report has changed greatly over the recent past. Accounts must now give details of employee numbers, this giving external users a better idea of the size of your business.
At Continuum, we like to keep your accounting reports consistent so that year on year comparisons can be undertaken easily. We will always give you a bound set of full accounts for your retention and will ensure that the information set out in them is relevant to your business. Let us keep up to date with new accounting practices and changes in corporation tax rates and reliefs so that we utilise any changes to your maximum advantage.