Professional Company Accounts in Fairfield

Get in touch

Company Accounting in Fairfield

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 Fairfield

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 TN29 9

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 Fairfield (Kent)

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Tilmanstone Denton Pettings Haine Marshside Lords Wood Hanging Bank Lyminge Pootings Charcott Royal British Legion Village Marley Blean Bredhurst South Hill Lydd-on-Sea Chillmill Wickhambreaux Maltman's Hill Plucks Gutter Sandgate Guilton High Brooms Hoaden Pembles Cross Pegwell Sholden Bitchet Green Egerton Daniel's Water Four Throws Great Buckland New Romney Harman's Corner Otham Elham Lenham Heath Haffenden Quarter Studdal Culverstone Green Worth Swanton Street How Green Capel-le-Ferne Lower Higham Forstal Printstile Pembury Lower Upnor Stonewood Dunk's Green Radfall Fir Toll Barnes Street Ashurst Hearts Delight Church Hougham Kipping's Cross Tudeley West Farleigh North Leigh Stocks Green Saint's Hill Abbey Gate Potten Street Knave's Ash Fant Purfleet Bearsted Cooling Street Knox Bridge Hubbard's Hill Barnfield Studd Hill Kempe's Corner Scrapsgate Warmlake North Eastling Chillenden Stone Cross Clap Hill Marden Rooting Street Newingreen Hempstead Pye Corner Loyterton Swingfield Minnis Sandway Upper Upnor Lower Haysden Chiddingstone Causeway Eythorne Modest Corner Wilsley Pound Langton Green Riverhead Winchet Hill The Down St John's High Halstow Upper Bush Bessels Green Herne Coppins Corner Parker's Green Dane Street Loose Claygate Goodley Stock Smeeth Slade Wainscott St Augustine's Yewtree Cross Lewson Street Sandling Maxted Street Bullockstone Dunkirk Silver Street Chesley Deal Barrowhill Gain Hill Nettlestead Green Ryarsh Coomb Hill Gushmere Leybourne Satmar West Street Ashbank Ripper's Cross Thong Whitehill Withersdane Higham Minster West End Lower Green Pineham Comp St John's Pizien Well Selgrove Westmarsh Cliftonville Lower Hardres Penenden Heath Dargate Common Hinxhill Knatts Valley Swanscombe Leadingcross Green Stede Quarter West Malling Pittswood Hollybushes Church Street Norton Ash Upper Hardres Court The Moor The Corner Seal Benenden Knockmill Broomhill Bank South Street New House Bybrook Priestwood Green Each End Naccolt Woodland Barham Three Chimneys Boughton Corner Holborough Kippington Elvington Frinsted Barnsole Ivychurch Riverview Park Broad Street Heronden Rusthall Murston Charing Littlestone-on-Sea Marlpit Hill Windmill Hill Beltinge Grange Blue Town Willesborough Westfield Sole East Farleigh Bicknor St Mary's Bay Mowshurst Radfield Snodland Cellarhill Poundsbridge Queen Street Crabble Halstead Bean Temple Ewell Longfield Hill Longfield Crossways Frith Sly Corner Heaverham Newington Flishinghurst The Chart Hill Park Headcorn Whitley Row Westerham Westbrook West Kingsdown Hartley Green Pean Hill East Hill Platt Smarden Bell Borstal Newbarn Great Pattenden Sutton Grove Hill Cowden St Leonard's Street South Ashford Breach Park Wood Highgate Luddesdown Staplestreet Fordcombe Lashenden Ightham Great Bower Fletcher's Green Chart Hill Bladbean Ramslye Golgotha Sherwood Park Cage Green Luton Nackington Canterbury Swalecliffe Tuesnoad Four Oaks Stone Cross Birchington Fostall Ham Hill Burmarsh Molash Leysdown-on-Sea Tunbridge Hill Westwood East End Finglesham Hollow Street Farningham Wingham Well South Darenth Roughway Lower Herne Potter's Forstal Egerton Forstal Broadstairs Manston Crockham Hill Cranbrooke Common Crouch Snargate Newington Chartham Hatch Westbere Offham Capel Cross Northfleet Boughton Aluph Park Farm Gore Medhurst Row Wye Cold Harbour Kemsing Ashley Meopham Lilyvale Highstead Stoke Bidborough East Studdal Wissenden Beacon Hill Dunn Street Honey Hill Plaxtol Lenham Forstal The Brents Hythe Cooper Street Copton Wyebanks Eastling Ham Green Warehorne Folkestone Henwood Green Iden Green Worten Gosmere Broad Street North Street Heath Side Bekesbourne Hill Palmstead Boughton Street Pett Bottom Mockbeggar Bottom Pond Tonbridge Tudeley Hale Hammill Ringlestone Fleet Downs Kemsley Street Deans Hill Trench Wood Boughton Lees Throwley Forstal Stodmarsh Underriver Collier Street Dover Baker's Cross Bulleign Larkfield Allhallows-on-Sea Chart Sutton Underriver Ho Challock Boyden Gate Sheerness Millbank Birling Burrswood Yewhedges Dunton Green Kingsdown Little Mongeham Twitton Wichling Stanford Greatstone-on-Sea Dunn Street St Lawrence Reculver Crit Hall Dingleden Hawkinge Wingmore Paddlesworth South Street St Mary in the Marsh Aylesham Tubslake Highstreet Hearnden Green Blue Bell Hill Longford Minster Riseden Maxton Milebush Elmstone Shuttlesfield Maypole Hollingbourne Plumford Sixmile Addington Fordwich Castle Hill Lamberhurst Quarter Chiddingstone Shorne St Peters Richborough Port Bowmans Broadstone Millhall Throwley Kilndown Betteshanger Cliffe Western Heights Ospringe Hawkhurst Potman's Heath Borough Green Wigmore Roseacre Broom Street Kearsney Goose Green Graveney Field Green Preston Staplehurst Noah's Ark Rabbit's Cross Bramling Hodsoll Street Hill Hoath Wayfield Hucking Walderslade Bridge Bluewater Shelvingford Gravel Castle Langley Heath Chiddingstone Hoath Stone Dargate Woodsden Hook Green Wetham Green Chitty Grove Green Aylesford Winterbourne Whitstable Kenardington Peening Quarter Bodsham Bockhanger Thurnham Hickmans Green Horsmonden Knockholt Capel Ivy Hatch Marsh Green Townland Green Harvel Red Hill Mockbeggar Noke Street Lane End Badlesmere West Minster Ileden West Hythe Upper Postern Eddington Preston Alkham Brabourne Lees Hartlip Horton Kirby Gibraltar The Valley Chalk Barming Heath Sharnal Street Ottinge Wick Hill Smarden Clement Street West Cliffe Sandhurst Ruckinge Lenham New Town Felderland Pullington Milton Regis Stocker's Head Upstreet Shoreham Claygate Hosey Hill Under the Wood Old Romney Brattle Westwell Wormshill Mountain Street River New Town Southfleet Fairfield Sandwich Bay Estate Stubb's Cross Otford Halling Skeete Denton Lower Bush Lamberhurst Hales Place Cock Street Hastingleigh Wouldham Frittenden Pennypot Conyer East Langdon Margate Round Street Marshborough Hicks Forstal Hamstreet Curtisden Green Ulcombe Sole Street Northdown Hogben's Hill Hoo Brompton Marley Lett's Green Buckland Valley Frindsbury Ramsgate Sutton Valence Kingsnorth Moorstock Snowdown Garlinge Green Tunstall Grigg Grain Church Whitfield Newnham The Warren Robhurst Hoo St Werburgh Loose Hill Kettle Corner Goose Green Fawkham Green Petham Green Street Green Goddard's Green Hareplain Eastwell Park Fairseat Morehall Farthing Corner Rowling Brook Dymchurch Hazel Street Crundale Dumpton Kingsgate Badgers Mount Meopham Green Cooling Woodlands St Mary Hoo Linton Buckhurst Four Wents Aldington Frith Horn Street Mersham Dartford Exted Walmer Wingham Further Quarter Bishopsbourne The Quarter Mile Oak Crowdleham Green Hill Bliby Old Wives Lees Southborough South Stour Yorkletts New Hythe Lower Rainham Bay View Womenswold Hale Street Moon's Green Knowlton Waterham Bagham Elmsted Allhallows Bobbing Lydden Pipsden Cross Keys Stiff Street Capstone Ewell Minnis Cooper's Corner Bishopstone Well Street Well Hill Street End Grubb Street Friningham Tong Twydall Hartley Dryhill Whitfield Mereworth Ickham Horn Street Horton Tenterden Aycliff Barrow Green Kit's Coty Borden Gadshill Hawley Shipbourne Wall End Hacklinge Cliffe Woods Hillborough Nash Curteis' Corner Four Wents Otterden Place Hazel Street Herne Pound Rosherville Mundy Bois Lower Island Hill Green Woodstock Yalding Fairbourne Heath Leeds Claypits Cross-at-Hand Cliffs End Doddington Lower Goldstone Pluckley Chilton Warren Street Northwood Appledore Heath Hawkenbury Woolpack Corner Selson West Peckham Old Tree South Green Bayley's Hill Pedlinge Rolvenden Layne Grove End Plumtree Green Lower Green Five Oak Green Summerfield West Stourmouth Shorne West Markbeech Stone Street Ham Oakhurst Deerton Street Twenties Camer London Beach Yopps Green St Nicholas at Wade Golden Green Camden Hill Great Chart Congelow Cheriton Out Elmstead Iwade Key's Green Barfrestone Platt's Heath Rough Common Glassenbury Bromstone Brenzett Guston Gill's Green Queenborough Littlebourne Wolverton The Rocks Boughton Malherbe Marine Town Childsbridge French Street Bethersden Burham Hunton Stowting Livesey Street Saltwood Donkey Street Dean Street Beal's Green Tutt Hill Small Hythe Moor Street Five Wents Lamberden Broad Street Ringwould Mabledon Key Street Branbridges Tyler Hill Hungershall Park Willington Burham Court Chislet Forstal Godmersham Worms Hill Upchurch Ringlestone Ash Great Job's Cross East Peckham East Malling Ham Green Oversland Chalksole Hawthorn Corner Upper Deal Singlewell Temple Hill Peene Sellindge Speed Gate Deans Bottom Flemings Frogham Fenn Street Highsted Brasted Chart Marden Beech Monkton Betsham Sibertswold or Shepherdswell Woolage Village Upper Harbledown North Foreland Ridgeway Timbold Hill Seasalter Meopham Station Perry Cuxton Park Wood Waterman Quarter Chegworth Herne Bay Troy Town Sevenoaks Common Napchester Rainham Davington Brook Street Hall's Green Strood Newland Green Broad Ford Farthing Green Calcott Crouch Wierton Halfway Houses Gun Green Crockhurst Street Edenbridge Howt Green Clapham Hill Wrotham Heath Charing Heath Maypole Rhodes Minnis Seed Chestnut Street Upper Rodmersham Northbourne Way Pearson's Green Gravesend Stelling Minnis Stockland Green Great Cheveney Gillingham Tong Green Appledore Aldington South Willesborough Evington Blacketts Seabrook South Street Kingsdown Strood Nash Street Hale Ram Lane Densole Selling Paddock Wood Selsted Drellingore Meresborough Ratling Shalmsford Street Horn Street Gover Hill East Malling Heath Elvington Thanington Stone Hill Denstroude Vigo Village Bilting Lower Heppington Waltham Westwell Leacon Chatham Royal Tunbridge Wells Ditton Little Chart Forstal Lower Bitchet Swanley Kingswood Teston Rodmersham Green Grafty Green Leigh Lymbridge Green Peckham Bush Seaton Underling Green Mill Street Matfield New Street East End Dungeness Lower Eythorne The Lees New Barn Hampton Newbury Ashford Broomhill Lower Twydall Hassell Street Reading Street Westgate on Sea Hamptons Cop Street Arpinge Teynham Street Sinkhurst Green Woodchurch Trottiscliffe Bredgar Hadlow Stair Bekesbourne Henley Street Durlock Bonnington Ridge Row Sandwich Ripple Ware Street Smart's Hill Lydd Force Green Durrant Green Stonebridge Green Sevenoaks Pollhill West Langdon Mill Hill Stowting Common Sittingbourne Tankerton Park Gate Warden Bilsington Broad Oak Chattenden Hilden Park Brissenden Green Payden Street Paddlesworth Perry Street Biddenden Reading Street Claygate Cross Brook Street Harbourland Upper Hayesden Hildenborough Ide Hill Goodnestone Eccles Chilham Oldbury Sole Street Froghole Upper Goldstone Sevington Troy Town Lunsford Bluetown Harbledown North Elham Wilsley Green Sheldwich The Harbour Tonge Corner Charing Hill Hartley Hockley Broomfield Snipeshill Chainhurst Martin Stonehall Farthingloe Harrietsham Bossington Stockbury Wittersham Oare Neames Forstal Upton Bedgebury Cross Lidsing Lynsore Bottom Sissinghurst North Halling Grove Horseshoe Green Penshurst Speldhurst Pratling Street Paddock Hoath Hemsted Yelsted Chestfield Wildernesse Otterham Quay Ware Danaway Whatsole Street Hawkenbury Gore Street Milstead Godden Green Derringstone Eastchurch Foxendown Coldred The Leacon New Ash Green Buttsole East Street St Michaels Goodnestone Hextable Middle Stoke Laddingford Martin Mill Broomfield Kingston Newenden Paramour Street Hill Street Swingfield Street Weavering Street Groves Stone Hill Chalkwell Greet The Stocks Wateringbury Parkgate Chartham Puddledock Dungate West End Little Chart Old Cryals Walter's Green Hoath Corner Goathurst Common Lamb's Cross Crockenhill Shepway High Halden Bexon Lower Stoke Tanden Palmer's Green Ferndale Linkhill Swift's Green Woolage Green Troy Town Horsalls Nonington West Street Swanley Village Patrixbourne Camden Park Standen Street Wootton Eastry Rochester Staple Middle Quarter Rodmersham Brookland Perrywood Northfleet Green Powder Mills Lade Sandhurst Cross Hothfield Brabourne Hadlow Greenhill Marden Thorn Little Mill East End Coolinge Monks Hill Chevening Priestwood Chislet Lodge Lees Wheelbarrow Town Winkhurst Green Tovil Boxley Hersden Benover Rushenden Bossingham Stone Cross Sandown Park Sarre High Street Hunters Forstal Scragged Oak Newington Eyhorne Street Stonestreet Green Yardhurst Brasted Bromley Green Greenhithe Ford Farleigh Green Denny Bottom Hever Postling Herne Common Toy's Hill North Street Lower Hartlip Barden Park Cinder Hill Chequertree Lower Halstow Nettlestead Culmers Ridley Stick Hill Little Preston Shatterling Goudhurst Darenth Chipstead Kent Street Snave Broad Street Acol Leigh Green South Alkham Langley Chart Corner Higham Wood Coldharbour Wilgate Green Whetsted Istead Rise West Street Anvil Green West Hougham Wilmington Dene Park Knockhall Shorncliffe Camp Shorne Ridgeway Coombe Halfway Street Shirkoak Great Stonar Beltring Starvecrow Lydden Styants Bottom East Stourmouth Romford Holt Hill Chilmington Green Woodside Green Brenchley Otham Hole New Town Pluckley Thorne Rolvenden Adisham Sevenoaks Weald Fosten Green Broad Oak South Street Wingham Green Sheldwich Lees Broad Tenterden Timberden Bottom Etchinghill Berwick Boughton Green White Oak Eynsford Detling Hernhill Cranbrook Stowting Court Wickhurst Hale Coxheath Salmans Hook Green Ash Garlinge Bapchild Romney Street Frogholt Mile Town Cobham Hook Green Allington Barming Basted Woodnesborough Rhode Common Stansted Faversham Maidstone Milton Pett Bottom Mount Pleasant Haviker Street Teynham Wanshurst Green Sundridge White Post Lympne Standen Park Hill Palmarsh Potters Corner Buckland Golford Statenborough Puddledock Stanhope Weller's Town Leaveland Broadwater Down Chamber's Green Upper Halling Brooks End Petteridge Shepherdswell or Sibertswold Wrotham Oad Street Rooks Hill Weddington Court-at-Street Lynsted Bircholt Forstal Newchurch Little Frith Twitham Shadoxhurst West Yoke Colt's Hill Tower Hamlets Iden Green Great Mongeham Lower Cox Street Shottenden Stalisfield Green Stonecrouch Boughton Monchelsea Erriottwood Ightham Common Biddenden Green Kemsley Painter's Forstal West Cross Stone in Oxney The Forstal Sutton at Hone The Quarter Kennington Whiteacre Liverton Street Keycol Four Elms Clapper Hill Pested Westwood Willesborough Lees Sturry St Margaret's at Cliffe Brenzett Green Greatness Bough Beech David Street