Professional Company Accounts in Blackbeck

Get in touch

Company Accounting in Blackbeck

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 Blackbeck

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 CA21 2

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 Blackbeck (Cumbria)

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Wetheral Plain Great Orton Cumwhitton Rowrah Legburthwaite Bushfield Whitrigg Great Urswick Kents Bank Sedgwick Stainton Oxen Park Hycemoor Glassonby Stapleton Newby East Brackenlands Nateby Low Row Chapel Stile Longpark Underbarrow Prospect Hawcoat Kentrigg Dale Martindale Moorend Bransty Carwinley Seathwaite Culgaith Moresby Parks Coulderton Newbiggin High Park Fell Side Nether Row Skelwith Bridge Alston Allonby Southwaite Moss Side Cardurnock Mealsgate Ackenthwaite Lanercost Brunstock Fingland Strawberry Bank Cockley Beck Low Cotehill Brow Edge Great Asby Briscoe Bowmanstead Fenton Allithwaite Burgh by Sands Dovenby Southam Newbarns Fletchertown Salt Coates Sockbridge Haverigg Killington Newtown Clifton Holme St Cuthbert Mawbray Western Bank Seathwaite Tebay Water Garth Nook Tallentire Greenodd Milton Garnett Bridge Plantation Bridge Goose Green Kirkoswald Hutton Roof Birkby Cardewlees Penny Bridge Cartmel Fell Allerby Crosby-on-Eden High Harrington High Hill Wreay Ambleside Westward Annaside Ludderburn Hawkshead Bowness-On-Windermere Egremont Lamplugh Elterwater Stainburn Thornthwaite Kirkbampton North Walney Marton Allenwood Sandale Gullom Holme Temple Sowerby Gillbank Sandford Cartmel Bridge End Bowston Waverbridge Water Yeat Bayles Stainton Moorhouse Upper Denton Mosser Mains Little Bampton Bolton Low Houses Moor Row Threlkeld Whelpo Blennerhasset Little Asby Highmoor Natland Harker Hesket Newmarket Low Braithwaite Outcast Grizebeck Newtown Edderside Sweetholme Moor Park Raughton Drybeck Mill Side Border Wythop Mill Hurst Sleetbeck Cat Bank Holmrook Swallohurst Arrad Foot Corney Dendron Calthwaite Millbeck Greengarth Hall Newbiggin Lane End Ulpha Easton Bolton Wood Lane Ireleth Beckermet Hall Santon Talkin Linstock Soulby Rottington Ewanrigg Hale Hutton End Kirksanton Bullgill Leece Goodyhills Broughton Beck Stone Raise Backbarrow Milburn Longlands Edentown Beetham Arkleby Arlecdon Newland Arnside Leadgate Kirkland Guards Whitbeck Fell End Crosscrake Newlands Warwick-on-Eden Newby West The Howe Lowgill Town Head Bleatarn Great Salkeld Melmerby Nepgill Kingside Hill Shopford Asby Hampsfield Crossgates Torpenhow Beckside Garrigill Greengill High Row Unthank Farleton Watchgate Great Crosthwaite Stair Beck Houses North Row Unthank Grassgarth Thursby Little Blencow South Ulverston Ousby Barbon Common End Wigton Little Clifton Bewaldeth Nenthall Cumdivock Town End Low Wood Chalkfoot Aughertree Sandside Blitterlees Hazelslack Blencarn Howtown Kirkborough Low Hesket Woodhouse Scarness Millom Hetherside Rockcliffe Cross Waverton Tivoli Westfield West Curthwaite Skelton Millness Irthington Old Hutton Castlerigg Scalebyhill Sandwith Newby Head Grange-Over-Sands Stainton with Adgarley Pallaflat Wiggonby Wetheral Parkhead Flookburgh Hallthwaites Scotby Arnaby Bouth Workington Micklethwaite Oxenholme Carleton Spark Bridge Waterhead Buckabank Hunsonby Cumrew Brandlingill Angerton Gaisgill Mockerkin Barrows Green Ulcat Row Whitrigg Row Brow Standingstone Hayton Calder Brackenber Stainton Burthwaite Raughton Head Gamelsby Westmoor End Brackenthwaite Sowerby Row Town Head Newby Bridge Yarlside Skiprigg Roughsike Seaville Mossbay New Cowper Whale Holme Scales Beckces Bandrake Head Town Head Boltonfellend Thornhill Brothybeck Knock Blagill Baldwinholme Mossedge Beanthwaite Drumburgh High Whinnow Broughton Cross Street Stone House Far End Grizedale Ulverston Town End Colby Ormathwaite Belah Pooley Bridge Moor Row Harriston Green Bank Dragley Beck Mosedale High Nibthwaite Deanscales Warcop Headless Cross Loppergarth Garth Row Ormsgill St Bees Rosgill Crosthwaite Mintsfeet Hopebeck Dufton Murton Kilnhill Hewer Hill Soutergate Willow Holme Brackenthwaite Kidburngill High Walton Greystoke Roger Ground Storrs Satterthwaite Rydal Gamblesby South Stainmore Stubble Green New Hutton Thackthwaite Garsdale Head Orton Embleton Aikton Greystoke Gill Harras Laithes Salta Lakeside Forest Head Newland Bottom Roosecote Farlam The Green Busk Millholme Kaber Brockleymoor Finsthwaite Longtown West End Ferney Green Bolton Armathwaite Colt Park Nethertown Cumwhinton Waterend Longburgh Denton Holme Rowe Head Millgillhead Town End Branthwaite Eamont Bridge Great Corby Canal Foot North Side Shap Kentmere Near Sawrey Gilcrux Hayton Castletown Chestnut Hill Garlands Colton Ellonby Haresceugh Loweswater Lowick Bridge Todhills Westnewton Beck Foot Glasson Holme Mills Langrigg Silloth Redhills Vickerstown Red Dial Hubbersty Head Kells Plumbland Grasmere Sedbergh Helbeck Halfpenny High Bankhill Hall Waberthwaite Whasset Risehow Kirkland North Scale Endmoor Tarraby Heggle Lane Birkett Mire Roa Island Heversham Whicham Longcroft Flimby Mansergh Church Brough Crossgill Beck Side Greenside Seascale Town End Kirkandrews-on-Eden Town End Brampton Mite Houses Rampside Woodend Bothel Greysouthen Maryport Little Musgrave King's Meaburn Heaning Easton Borwick Rails Winder Cardew Old Carlisle Millthrop Lamonby Wath Brow Gawthrop Haverthwaite Drigg Aspatria Bowness-on-Solway Albyfield Bridgend Old Town East Curthwaite Upton Warwicksland Pennington Newby Galligill Eaglesfield Causeway End Middletown High Hesket Dalton-In-Furness Harker Marsh Brigsteer Little Strickland Spring Bank Camerton Papcastle Hall Dunnerdale Waterfoot Kirkby Lonsdale Sand Side Beck Head Ings Milnthorpe Wreay Moorhouse Newtown Brough Cotes Beck Bottom Skinburness South Newbarns Aldoth Little Corby Hallbankgate Chapels Green Head Brisco Low Biggins Uldale Wellington Ainstable Low Newton High Wray North Dykes Bolton New Houses Carleton Hall Lane Ends Raise Braystones Moat Low Knipe High Newton Newton Reigny Crookdake Ireby Askam in Furness Steel Green Winscales Crosslands Low Borrowbridge Cautley Brough Sowerby Prior Rigg Catlowdy Distington Green Quarter Dockray Little Urswick Rosley Kirkland Woodland Mungrisdale Knowefield Hyton Haws Bank Pardshaw Hall Greenholme Mealrigg Chapel Lowick Green Duddon Bridge Broughton Moor Branthwaite Edge Lowther Bowderdale Lenacre Heathwaite Boot Town End North End Great Clifton Saltcoats Sprunston Bromfield Baycliff Meal Bank Far Arnside Nealhouse Quality Corner Butterwick Force Forge Gatebeck Clappersgate Holmwrangle Station Hill Kelsick Howgate Blencogo Crook Croslands Park Lindale Wall End Parton Waitby Helton Hensingham Mellguards Baggrow Brigflatts Oughterby Windermere Burton-in-Kendal Roose Scales Bleach Green Plumpton Foot Applethwaite Wampool Crosscanonby Cowan Head Crackenthorpe Biggar Longsowerby Little Salkeld Foulbridge Howgill Townhead Caldbeck Little Town Tindale Woodend Tottlebank Pardshaw Gilsland Grinsdale Glenridding Nunclose Causeway End Catholes Hardendale Calder Bridge Portinscale High Cunsey Low Row Edenhall Burtholme Highlaws Kirkland Mosser Tirril Eden Mount Bank End Meathop Outhgill Ponsonby Crosby Villa Beck Side Kendal Brigham Town End Leys Morton Ickenthwaite Nether Wasdale Newton Arlosh Castle Carrock Hartsop Thorpe Ratten Row Longdales Highbridge Field Broughton Firbank Soulby Woodhouses Hackthorpe Newbiggin Barepot Brownber Kiskin Anthorn Sleagill Glasson Felldyke Knipe Fold Burnrigg Woodend Parsonby Sour Nook Durdar North Stainmore Southernby Oakshaw Ford Oulton Bewcastle Strands Gilgarran Cockermouth Scaleby Sebergham Crosby Ravensworth Pica Salkeld Dykes Renwick Kingstown Walby Bonning Gate Gaitsgill Broomfield High Sellafield Newbiggin High Water Head Orthwaite Broom Johnby High Side Row Millhouse Cowgill Deepthwaite Santon Ullock Santon Bridge Carlisle Oughterside Newbiggin-on-Lune Slack Head Etterby Scuggate Lessonhall Beaumont Raby Rooking Barclose Row Waterside Hartley Kinkry Hill Thurstonfield Salterbeck Cleator Moorclose Hollins Marthwaite Grayrigg Whitbarrow Village Kirkhouse Scales Rosthwaite The Hill Eccle Riggs Hincaster Sea Mill South End Siddick Blackdyke Bank End Wath Lambfoot Down Hall Towngate Little Braithwaite Holker Port Carlisle Langrigg Kirkby-in-Furness Raisbeck Houghton Smithfield Lowca Wasdale Head Middlesceugh Townhead Orton Rigg Dearham Newton Rigg Staveley Buttermere Penruddock Winton Greystone Kirklinton Fothergill Levens Greenrow Eskdale Green Storth Foxfield Sadgill Pategill Branthwaite Bardsea Stank Oldfield Aiketgate Croasdale Townhead Pelutho Watendlath Coupland How Broadwath Patton Bridge Gawthwaite Rusland Isel Wolsty Morland Carleton Botcherby Crofton The Green Helmside Sand Gate High Longthwaite Plumpton High Lorton Bootle Bridgefoot Bampton Salthouse Burneside Hawkshead Hill Croglin Redmain Thwaite Flat Dent Woodend Aldingham Ayside Mains Seatoller Woodrow Summerlands Stockdalewath Aglionby Whitehaven Thwaite Head Motherby Broad Oak Little Langdale Thornby Kearstwick Great Broughton Grisdale Dale Bottom Sandside Cleator Moor Dacre Monkhill Cotehill Braithwaite Great Blencow Garsdale Lady Hall Mansriggs Staffield Scar Head Dubwath Lowick Haltcliff Bridge Parkgate Scilly Bank Dalton Hawk Hill Low Whinnow Barber Green Threapland Middleton Place Middleshaw Kelleth High Cark Ratten Row Long Marton Langwathby Lupton Birks Fair Hill Haile Little Orton Roosebeck Hilton Berrier New Mill Abbeytown Longthwaite Barrow-In-Furness Troutbeck Grayson Green Gatesgarth Newbiggin Little Ormside Carr Bank Warwick Bridge Blackbeck Low Moresby Town Head Dalston Ullock Smardale Morton Gosforth Kirkbride Catterlen Roadhead Tarns Torver Middleton Netherton Rusland Cross Old Town Weasdale Keekle Newbiggin Stanwix Matterdale End Hutton Roof Rosthwaite Reagill Far Sawrey Blackwell Cark Sunbrick Walton Keswick Newton Kirkby Stephen Kirkby Thore Shoregill Rickerby Brigham Powhill Grassgarth Little Broughton Woodhouse Keld Whiteclosegate Harrington Laversdale Clawthorpe Thomas Close High Scales Bassenthwaite Wind Hill Watchhill Low Lorton Heads Nook Melkinthorpe Low Crosby Lockhills Crosby Garrett Winster Mirehouse Parkside Lindal in Furness Broughton Mills Sandwith Newtown Selside Newlands Cliburn Parton Scout Green Winskill Blawith Frizington Watermillock Crooklands Silecroft Colthouse Crewgarth Appleby-in-Westmorland Hawksdale High Row Park Head Flitholme Park Broom Burrells Bomby Roundthwaite Skitby Milton Lower Hawthwaite Boustead Hill Crosby Midgeholme Bampton Grange Swinside Great Musgrave Town Head Dunningwell Old Tebay Swarthmoor Great Strickland Low Walton Blindcrake Seaton Hartbarrow Lazonby Maulds Meaburn Hutton Banks Hethersgill Coniston Beacon Hill Bridekirk Gleaston Rookby Ellenborough Hornsby Bowland Bridge Beckfoot Staveley-in-Cartmel Dean Barras Sunderland Greenwell Hoff Biglands Netherby Casterton Leasgill Welton Troutbeck Bridge Belle Vue Harraby Rockcliffe St Helens Skirwith Ravenstown Carleton Grange Great Ormside Boltongate Broughton in Furness Ruckcroft Town Head Ravenglass Nether Welton Brampton Faugh Upperby Kirkcambeck Reston Churchtown Currock Yearngill Ravenstonedale Unthank Wilton Nenthead Ruthwaite Stonethwaite Wreaks End Belle Vue Longdale High Green Seatle Dunnerholme Ivegill Kershopefoot Yottenfews Bigrigg Tarnside Witherslack Briery Cummersdale Patterdale Blackford Corby Hill Browtop Calvo Ennerdale Bridge Nook Lea Yeat Penrith Dundraw Croftlands High Oaks Cargo High Biggins High Ireby Outgate Westlinton High Casterton Askham Force Mills Hindpool