Professional Company Accounts in Roundbush Green

Get in touch

Company Accounting in Roundbush Green

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 Roundbush Green

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 CM6 1

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 Roundbush Green (Essex)

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Gosfield Stambourne Cross End Little Bromley Great Notley Highfields Little Sampford Little Laver Lucking Street West Mersea Ashen Bran End Bulmer Willows Green Great Dunmow Frenches Green Folly Green Purleigh Highwood Cripple Corner Howe Street Writtle Baythorne End Hutton Mount Coxtie Green Clacton-On-Sea Little Totham School Green Bardfield Saling Oxley Green Lee Chapel Foster Street Ashdon Great Canfield Northend Coalhill Duddenhoe End Little Horkesley Nine Ashes Lambourne End Aythorpe Roding Steward's Green Nevendon Chapel Row Little Tey Weeley Tarpots Thorpe Green Starling's Green Tiptree Takeley Street Berners Roding Brentwood Felsted Leigh-on-Sea Pharisee Green Prittlewell Galleyend Great Parndon Willingale Chelmsford Berechurch Elmstead Feering Deer's Green High Houses Parney Heath Thorpe-le-Soken Matching Takeley Burnt Mills Don Johns Littlebury Green Elmstead Market St Vincent's Hamlet Bicknacre Mashbury Clatterford End Ramsey Island Farnham Green West Thurrock Bradwell Waterside Rochford Taverners Green Theydon Mount Jack's Hatch Tendring Heath Bentfield Bury Canvey Island Berden Great Oakley Abridge Wicken Bonhunt Carter's Green High Easter Kelvedon Hatch Powers Hall End Shalford Wakes Colne Tendring Green New Mistley Rawreth Braintree Chignall Smealy Little Hallingbury Little End Monk Street Bradwell on Sea Little Braxted Dutch Village King Street North Shoebury Marks Tey Stanway Green Boxted Cross Hare Green Boxted Southchurch Silver End Wickham Bishops Upper Green Stambourne Green Birch Sabine's Green Great Bromley Lower Green Matching Green Epping Upland Radwinter Causeway End Toppesfield Little Walden Kirby Cross Orsett Fordham Basildon Salcott-cum-Virley Blasford Hill Boreham Tendring Lippitts Hill Wright's Green Fanner's Green Rayne Frating Green Clifftown Ovington Upper Dovercourt Stapleford Tawney Chalvedon Margaretting Tye Laindon Terling Watton's Green Hemp's Green Loyter's Green Bowers Gifford Stanford-le-Hope Newport Bradwell Point Clear Hollybush Hill Hay Green Strethall Tolleshunt Knights Henham Mallows Green Rickling Little Bardfield Roydon Hamlet Rose Green Fuller's End Horne Row Greensted Farnham Parkeston Foxash Estate Dovercourt Abberton Langham Manuden Copthall Green Holland-on-Sea Rudley Green Buttsbury Tye Green Arkesden Upshire Creeksea Knowl Green East Hanningfield Daw's Cross Hatfield Heath Hastingwood Shotgate Ugley Green Cherry Green Samuel's Corner Gamble's Green Chitts Hills Balstonia Ingrave Tilbury Green White Roothing or White Roding Dedham Heath Helions Bumpstead Sunnymede Barnston Hickford Hill Nether Street Greenstead Burnt Heath Cold Norton Halls Green Beggar Hill Ridgewell Ringtail Green Temple Fields Little Oxney Green Bulmer Tye Black Notley Littley Green Castle Hedingham Hallingbury Street Little Henham North Weald Bassett Great Horkesley Beacon End Lakeside Grays Alresford Bovinger Billericay Little Clacton South Ockendon Stanway Smythe's Green Thorrington Bradfield Heath Elmdon Aimes Green Boyton Cross Little Chesterford Brook Street Little Thurrock Ingatestone Little Oakley Brick End Coggeshall Hamlet Frating Bell Common Pentlow Street Raven's Green Henny Street Holder's Green Little Maplestead Mill Hill Ramsey Frogs' Green Fryerning Theydon Garnon Biggin New England Harknett's Gate Inworth Nazeing Felmore Man's Cross Paglesham Churchend Kingswood Stebbing Green Margaret Roding Tyler's Green Fordham Heath Braiswick Widford Lindsell Fairstead Aveley Churchgate Street Beazley End Padham's Green Grass Green Great Baddow Holyfield Brandy Hole Cambridge Town Broad Street Green Meadowend Hadleigh Bath Side Finkle Green Wickford Mile End Keysers Estate Hatfield Peverel Great Burstead Goose Green Molehill Green Lower Green Hadstock Piercing Hill Tiptree Heath Temple End Oxen End Radley Green Bridge End Bumble's Green Easthorpe Tollesbury Halstead Dedham Bamber's Green Heybridge Surrex Howe Green Tilbury Juxta Clare Thornwood Common Burnham-On-Crouch Churchend Winter Gardens Keelars Tye Chalk End Parkgate Great Chesterford Cook's Green Hope's Green Wethersfield Horseman Side Little Parndon Brays Grove Beauchamp Roding Great Stambridge Mount End Dewes Green Bradfield Level's Green Little Cambridge Netteswell North End Passingford Bridge East End Woodham Ferrers Great Wakering Chignall St James Tye Green Stansted Mountfitchet Liston Garden Chipping Hill Clatterford End Pedlars End Borley Green Nazeing Gate Burton's Green Waltham Abbey Copford Green St Osyth Heath Foxearth Stones Green Pannel's Ash Hardy's Green The High Mowden Greenstead Green Borley Pitsea Hamperden End Gallows Green Nounsley Elkins Green Loughton Duckend Green Little Waltham Howe Street South Fambridge St Lawrence Chigwell Danbury Common Hornestreet Bustard Green Birds Green Layer Breton Sturmer Faulkbourne Twinstead Green Mucking Witham Great Tey Broad Green Stafford's Corner Norton Heath Bocking's Elm Young's End Ramsden Heath Gransmore Green Crockleford Heath Pleshey Little Warley Hallsford Bridge Theydon Bois Rushley Green Colchester Chelmer Village Hobbs Cross Runsell Green Gaston Green South Hanningfield Welshwood Park Tye Green Butt's Green Thorpe Bay Plaistow Green Wimbish Green Canewdon Littlebury Courtsend Bedlar's Green Church End Loves Green West Tilbury Tilty Highstreet Green South Benfleet White Roding or White Roothing Greenwoods Paternoster Heath Rivenhall Doddinghurst Barstable Hobbs Cross Pattiswick Eight Ash Green Toot Hill East Horndon Abbey Field Chalkwell Shelley Great Sampford Runwell Bacon End Onslow Green Coopersale Street Asheldham East Tilbury Chrishall Belchamp St Paul Chadwell St Mary Crays Hill Mount Bovers Little Dunmow Parson's Heath Rotchfords Audley End Orsett Heath Woodhill Little Baddow Matching Tye Layer Marney Smith's Green Pepper's Green Churchend Rivenhall End Fox Hatch Little Wakering Elsenham Marden Ash Totham Hill Lexden Blackheath Boose's Green Duton Hill Cutlers Green Cannon's Green Harwich Tillingham Tumbler's Green Mountnessing Langley Bentley Leaden Roding Great Oxney Green Almshouse Green Lamb Corner Bartholomew Green Perry Green Paglesham Eastend Steeple Hurst Green Bush End Broad Green Little Easton South Heath Curling Tye Green Wood Green Thaxted Ostend Church End Shrub End Little London Hawkin's Hill Stickling Green Great Clacton Lambourne Hutton Fryerns Mark Hall South Great Claydons Chapel End Fox Street Manwood Green Springfield Saffron Walden Hazeleigh Woodham Walter Althorne Old Heath Flack's Green Tye Green Eastend Gooseberry Green Debden Green Middleton Moreton Birchanger Finchingfield Wix Broomfield Sandon Hare Street Elder Street Widdington Lower Bobbingworth Green Crow Green Mill End Green Little Bentley Horsley Cross Copford Hempstead Puttock's End Alphamstone Stewards Woodend Vange Good Easter Sucksted Green Bunting's Green East Mersea Keeres Green Bridge Green High Roding Brick House End High Beach Fiddlers Hamlet Pinnacles Warley Uppend Tye Green Dry Street Danbury Hatfield Broad Oak Balls Green Ramsden Bellhouse Tilbury Church End Rettendon Roydon Sunken Marsh Baddow Park Bocking High Ongar Howlett End Claverhambury Wrabness Clavering Chatham Green Steventon End Montsale Blake End Westley Heights Southfields Cressing Curtismill Green Noak Hill Newney Green South Green Lyons Hall Newman's End Nuper's Hatch Duck End Row Heath Cobler's Green Epping Howe Green Lower Sheering Hope End Green Janke's Green Lower Nazeing Seawick Hazel End Reader's Corner Steeple Bumpstead Great Easton Debden Great Berry Langenhoe Crow's Green Aldham Westwood Park Robinhood End Southend-on-Sea Tolleshunt D'Arcy Downham Rook End Pale Green Hall Green Chatter End North Fambridge Clatterford End Jack's Green Lamarsh Stagden Cross Creeksea Shenfield Corringham Wendens Ambo Hullbridge Abbess End Tilkey Panfield Stanbrook Great Maplestead Birchhall Corner Little Canfield Horsleycross Street Tindon End Maylandsea Woodend Green Housham Tye Beaumont Bournes Green Gallows Green Rotten End Woodgates End Further Ford End Blackmore Crawley End Elmstead Heath Countess Cross Birdbrook Pond Street Woodside Frinton-On-Sea Gestingthorpe Leigh Beck Hyde Chase Abbess Roding Stondon Massey Little Burstead Row Green Stonebridge South Woodham Ferrers Walton-On-The-Naze Ivy Chimneys Great Leighs North End Jaywick Hockley Stow Maries Lanham Green Watch House Green Southey Green South Stifford North Benfleet Wyatt's Green Harlow Colliers Hatch Jasper's Green Sewards End Rank's Green Woodham Mortimer Gubbion's Green Belchamp Walter Church Street Maggots End Hartford End Gore Pit Galleywood Fobbing North Stifford Rayleigh Great Bardfield Cock Clarks Thistley Green Chafford Hundred Kingsmoor Mount Bures Herongate Brock Hill Howegreen Fuller Street Great Malgraves Chickney Eversley Norwood End Whiteash Green Little Henny Hawkwell Cobbs Fenn Great Yeldham Dengie Little London Noak Bridge Kelvedon Latchmore Bank Chappel Heckfordbridge South Weald Gay Bowers Stoneyhills Burton End Hellman's Cross Langdon Hills Great Bentley Bentfield Green Nazeing Mead Lee-over-Sands Forrey Green Catmere End Liston High Laver Westcliff-on-Sea Osea Island Mill Green Skye Green Bardfield End Green Fyfield Debden Green Pigstye Green Stroud Green Lower Green Church End Norton Mandeville Sheering Wiggens Green Shellow Bowells Wellstye Green Swan Street Wickham St Paul New Thundersley Gernon Bushes Quendon Bures Greensted Green White Colne Manningtree Tower Hill Peldon Water End Mark Hall North Great Braxted Radwinter End Mayland Delvin End Pipps Hill Long Gardens Ugley Weeley Heath Brightlingsea Burrsville Park Mundon Great Holland Sewardstone Lower Green Langford Roost End Ashingdon Boyton End Rawreth Shot Belchamp Otten Wixoe Breeds Moulsham Chigwell Row Bocking Churchstreet Ford End Shoeburyness Stanford Rivers Potter Street Langley Green Cock Green Shalford Green Mistley Heath Heybridge Basin Start Hill Little Wigborough Horndon on the Hill Totham Plains South Green Crockleford Hill Cornish Hall End Daws Heath Weir East Gores Latton Bush Hawkspur Green Maypole Green Chipping Ongar Peartree Green Campions Park Green Southminster Edney Common Old Harlow Ballards Gore Thundersley Maldon Duck End Barling Cole End Aingers Green Bishops Green Coopersale Common Roxwell Hawbush Green Messing Mott's Green Queen's Park Butts Green Gainsford End Navestock Heath High Garrett Grange Hill Stisted Tye Green Colne Engaine Passmores Bromley Cross Hook End Sible Hedingham Brewer's End Green Street Handley Green St Osyth Stockstreet The Hythe Wimbish Needham Green Great Totham Goldhanger Magdalen Laver Ardleigh Heybridge Hill Green Broxted Wormingford Philpot End Seven Star Green Stapleford Abbotts Duck End Sewardstonebury Little Leighs Waterhales Baker Street Tilekiln Green Blackmore End Threshers Bush Layer de la Haye Four Wantz Smith's Green Stock Fordstreet Pledgdon Green Broadley Common Armigers Puttock End Roundbush Green Kirby-le-Soken Farmbridge End Pentlow Stocking Green Great Saling Rowhedge Parsonage Green Farther Howegreen Great Henny Wivenhoe Rush Green Buckhurst Hill Wakes Colne Green Mistley Bannister Green Ardleigh Heath Northend Miller's Green Coggeshall Swallows Cross Earls Colne Great Wigborough Rickling Green Waltham's Cross Stebbing Great Hallingbury Low Street Minnow End Craig's End Eastwood Broad's Green Twinstead White Notley Childerditch Sibley's Green Nazeing Long Green Latchingdon The Green Building End Baconend Green Richmond's Green Cooksmill Green Milch Hill Tilegate Green Fingringhoe Audley End Pilgrims Hatch Battlesbridge Little Yeldham Workhouse Hill Springwell Navestock Side Pebmarsh West Bergholt Goose Green Ford End Roundbush Gilwell Park Lawford Epping Green Birch Green Tolleshunt Major Brickkiln Green West Hanningfield Bulphan Gaunt's End Elsenham Sta Great Warley Roast Green Linford Old Mead Margaretting Woodside Green Maple End Garnetts West Horndon Little Mascalls Beacon Hill Bigods Wood Hall Molehill Green Ardley End Tip's Cross Great Waltham Tye Common Bobbingworth