Professional Company Accounts in Remenham Hill

Get in touch

Company Accounting in Remenham Hill

At The Tax Advisors, we understand that preparing and filing company accounts can be daunting for many business owners.

As a professional and affordable group of tax accountants based in the UK, we are here to help you navigate the complexities of this process and ensure that your financial records are accurate, compliant, and filed on time.

Contact us today to find out how we can help with your professional company accounts.

Get in touch

What Are Company Accounts?

Company accounts are financial statements that provide a detailed overview of a company's financial performance over a specific period, typically a fiscal year.

These accounts are essential for informing stakeholders, such as shareholders, creditors, and regulatory bodies, about the company's financial health.

Why Is It Important to Prepare and File Company Accounts?

  1. Legal Requirement: In the UK, all limited companies must prepare and file annual accounts with Companies House and HMRC. Failure to do so can result in penalties and legal repercussions.

  2. Financial Transparency: Company accounts offer transparency to stakeholders, helping them make informed decisions about investments, loans, and partnerships.

  3. Tax Compliance: Accurate accounts are crucial for calculating corporation tax liabilities and ensuring that your company pays the correct amount of tax.

The Process of Preparing Company Accounts

1. Gather Financial Information

The first step in preparing company accounts is gathering all relevant financial information. This includes:

  • Sales Invoices: Records of all sales made during the financial year.

  • Purchase Invoices: Documentation of all expenses and purchases.

  • Bank Statements: Detailed statements of all transactions made through the company's bank accounts.

  • Payroll Records: Information on salaries, wages, and other employee benefits.

  • Receipts: Proof of any other business-related expenditures.

2. Record Transactions

Once you have gathered all necessary financial data, the next step is to record these transactions accurately. This can be done using accounting software or manually in ledgers. Proper categorisation of income and expenses is crucial to ensure accuracy in the final accounts.

3. Prepare Financial Statements

The key financial statements that need to be prepared include:

  • Profit and Loss Account (P&L): This statement shows the company's revenues, costs, and expenses during the financial year, resulting in the net profit or loss.

  • Balance Sheet: A snapshot of the company's financial position at the end of the financial year, including assets, liabilities, and shareholders' equity.

  • Cash Flow Statement: This statement tracks the cash flow in and out of the business, highlighting the company's liquidity.

4. Review and Adjust

Before finalising the accounts, reviewing and adjusting them for any discrepancies, such as unpaid invoices or unrecorded expenses, is essential. This ensures that the accounts accurately represent the company's financial status.

Filing Company Accounts in Remenham Hill

1. Filing with Companies House

Once the accounts are prepared, they must be filed with Companies House. The deadline for filing is typically nine months after the end of the financial year. This process can be completed online or by post.

2. Filing with HMRC

In addition to filing with Companies House, companies must also file a Company Tax Return (CT600) with HMRC, including the full statutory accounts and tax computations. The deadline for filing is usually 12 months after the end of the financial year.

3. Pay Corporation Tax

After filing your accounts and tax return, you will need to pay any corporation tax due within nine months and one day after the end of your accounting period.

FAQs about Company Accounts in RG9 3

What happens if I file my company accounts late?
Late filing can result in penalties from Companies House, starting at £150 and increasing the longer the delay. HMRC may also impose fines and interest on unpaid corporation tax.

Can I file my company accounts myself?
Yes, you can file your company accounts yourself. However, seeking professional help to ensure accuracy and compliance with UK accounting standards is advisable.

What is the difference between abridged and full accounts?
Abridged accounts are a simplified version of full accounts, omitting detailed profit and loss information and reducing the detail required in the balance sheet. Small companies often file abridged accounts to maintain privacy.

The Tax Advisors: Your Partner in Preparing and Filing Company Accounts

At The Tax Advisors, we offer a comprehensive range of services to help you prepare and file your company accounts with ease. Our team of experienced tax accountants provides tailored advice and support, ensuring that your accounts are accurate, compliant, and submitted on time. With our professional and affordable services, you can focus on growing your business while we take care of the numbers.

Why Choose The Tax Advisors?

  • Expertise: Our team is well-versed in UK accounting standards and tax laws, ensuring that your accounts are prepared to the highest standards.

  • Affordability: We offer competitive pricing, making professional accounting services accessible to businesses of all sizes.

  • Personalised Service: We take the time to understand your business, offering bespoke advice and solutions that meet your specific needs.

Contact Us Today

For more information on how we can assist with preparing and filing your company accounts, contact The Tax Advisors today.

Simply drop us a message and we will be in touch with help and advice.

Let us help you stay compliant, save time, and avoid unnecessary penalties.

Get in touch

We cover Remenham Hill (Berkshire)

Get in touch

We aim to get back to you in 1 working day.


Skip to

Gallery

Other locations available for professional company accounts
Three Mile Cross Spencers Wood Eton Datchet Sunnymeads Crazies Hill Amen Corner White Waltham Honey Hill Poundgreen Salt Hill Stubbles West End Fawley Winkfield Hampstead Norreys Reading World's End Kiff Green Bowsey Hill The Mount Wellhouse Turner's Green Broomhall Ufton Green Eastbury Anvilles Cold Harbour Ascot Great Hollands Braywoodside Lynch Hill New Town Woolley Green The Ridges Pangbourne West Woodhay Whitley Brightwalton Holt Chieveley Whiteknights Caversham Langley Common Twyford Trapshill Waltham St Lawrence Cockpole Green Woodspeen Wawcott Little Heath Mortimer Winnersh Elcot Pingewood Eddington Tittenhurst Mell Green Shurlock Row Old Windsor North Town Wickham Englefield Jealott's Hill Four Points Peasemore Winkfield Place Chaddleworth Aldermaston Wharf Purton Grazeley Knowl Hill Eling Brimpton Shefford Woodlands Chapel Row Finchampstead Wickham Green Burghfield Chavey Down Stanford End Compton Sandhurst Sonning South Field Southcote Downend Highway Clay Hill West Ilsley East Ilsley Bucklebury Alley New Greenham Park Padworth Common Pinkneys Green Winding Wood Whitley Wood Lambourn Beaumont Cranbourne Bray Wick Carter's Hill Sulhampstead Bannister Upper End Colthrop Westrop Green Wokingham Hungerford Newtown Cookham Rise Bagnor Bigfrith Leverton Halfway Upper Bucklebury Schoolgreen Miles's Green Hare Hatch Wash Common Shaw Heathlands Enborne Earley Crown Wood Eastheath Maidenhead Sunningdale Burnt Hill Calcot Beedon Warren Row North Street Bracknell Great Shefford Hungerford Hungerford Green Weston Crockham Heath Beedon Hill Sheffield Bottom Skinners Green Windsor East Garston Tilehurst Hunt's Green Little Sandhurst Little Hungerford New Town Maidenhead Court Hopgoods Green Purley on Thames Spital Bradfield Goddard's Green Cabbage Hill Hoe Benham Bray Four Houses Corner Churchend The Rise Ruscombe Applehouse Hill Woodside The Holt Gardeners Green Hamstead Marshall Hillgreen Marsh Benham Cox Green Beech Hill Easton Boyn Hill Manor Park Holly Cross Yattendon Woodlands St Mary Blacknest Stanmore Aldworth Calcot Row Hurst Southend Greenham Rotten Row Dedworth Ragnal Binfield Hungerford Bothampstead Newbury Britwell Upper Woolhampton Fifield Birch Hill Bishop's Green Brightwalton Green Sulham Stubbings Scotland Bullbrook Upper Green Stratfield Mortimer Brookside Longlane Trash Green Welford College Town Emmbrook Woolhampton Wickham Heath Templeton South Ascot Woodlands Park Egypt Hythe End Wash Water Crowthorne Leckhampstead Thicket Littlewick Green Eton Wick Temple Winterbourne Upton Lea Padworth Speen Kiln Green Wick Hill Scotswood Arborfield Garrison Stockcross Burghfield Hill Arborfield Cross Kintbury Paley Street Hyde End Southend Nodmore Woodley Upper Lambourn Sulhamstead Abbots Holyport Upton Farnborough Donnington Cippenham Fishery Dowlesgreen Clewer Village Moneyrow Green Lower Padworth Remenham Brimpton Common Barkham Enborne Row Midgham Green The Slade Riseley Woodley Green Langley Farley Hill Upper Basildon Lower Green Titcomb Cookham Dean Ryeish Green Ashmore Green Cookham Goldfinch Bottom Crookham Altmore West Fields Lambourn Woodlands Frilsham Merryhill Green Matthewsgreen Wood End Easthampstead Caversham Heights Stud Green Swallowfield Curridge Tidmarsh Holloway Littlefield Green Horton Maiden's Green Woodlands Great Lea Common Clewer Green Touchen-end Burchett's Green Winkfield Row Tickleback Row Wasing Chalvey Cheapside Popeswood Borough Marsh Theale Arborfield Coley Brightwalton Harmans Water Hell Corner Charvil Whistley Green Wargrave Horncastle Aston Beenham Leckhampstead Marsh Gate Sunninghill Streatley Lilley Combe Quick's Green Clapton North Heath Aldermaston Soke Ashampstead Green Ashampstead Ownham Burghfield Common Warfield Tittle Row Whitehouse Green Sheepdrove West End East Fields Westridge Green Slough Wick Hill Bury's Bank Beenham Stocks Stanford Dingley Owlsmoor Lower Earley Tutts Clump Sulhamstead Lower Basildon Ravenswood Village Settlement Hurley Bottom Nuptown Remenham Hill Furze Platt Bucklebury Priestwood Datchet Common Lower Caversham Hermitage Cold Ash Brands Hill Malpas Hanworth North Ascot Parker's Corner Inkpen Jennetts Hill Hawthorn Hill Wraysbury Avington Boxford The Throat Oakley Green Grazeley Green Midgham Moss End Westbrook Shinfield Village, The South Fawley Clewer New Town Wildridings Emmer Green Sindlesham Beenham's Heath Holme Green Ufton Nervet Aldermaston Bisham Inkpen Common Catmore Sanham Green Oare Thatcham Hurley Newell Green