Professional Company Accounts in Deeping St Nicholas

Get in touch

Company Accounting in Deeping St Nicholas

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 Deeping St Nicholas

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 PE11 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 Deeping St Nicholas (Lincolnshire)

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Timberland Crowle Holbeach Drove Mavis Enderby Benington Boultham Moor Lea Newton by Toft Gedney Leverton East Ravendale Sedgebrook Faldingworth Caythorpe Low Toynton Northorpe Welbourn Winteringham Worlaby Threekingham North Witham Wharton Dragonby Canada Birchwood West End New Barnetby Spridlington Stallingborough Butterwick Thorpe Aunsby Fulbeck Sleaford Horncastle Wyberton Langrick Bridge Hagnaby Lock Leake Commonside Quadring Eaudike Benington Sea End Anderby Creek Fosdyke Holbeach St Marks Frampton Church End Willoughby Hills Dalderby Fishtoft Drove Quarrington Boston West Quadring North Carlton Scrafield Digby Westgate Claxby Leadenham Gunby Fiskerton Cold Harbour Boultham Grasby Crowland Burton Stather Stainsby Pyewipe Barrow Hann Walesby Tongue End Edenham North End New York Grantham North Greetwell Thoresway Gonerby Hill Foot Lutton Gowts Sempringham Hareby Ropsley High Ferry Greetwell Young Wood Scremby North Killingholme Grainthorpe Fen Croxby Top Bleasby Croxby Ashby by Partney Farforth Great Coates Uffington Howsham Leverton Highgate Grayingham Barrow upon Humber Frognall Grant Thorold Middle Rasen Sibsey Fen Side Holland Fen Welby Fenhouses Dunsby Castle Carlton Ludford Haxey Epworth Searby Tetley Halesgate Upton Brocklesby Holbeach St Johns Cackle Hill Willoughton Grimsthorpe Stubton Gayton le Wold Galley Hill Scothern Deeping St Nicholas Saltfleetby All Saints Hemswell Crowle Park Moorby Raithby Waddington Barton Waterside Bullington Nene Terrace Donna Nook Langtoft Harpswell Sutton Crosses Langholme Brand End North Willingham Stowgate Osgodby Revesby Scunthorpe Miningsby Halton Holegate Stockholes Turbary Laceby Eastville Manton Langton Reed Point Haven Bank North Kyme Fleet Salmonby Kirkby Green Spittlegate Laceby Acres Burton Pedwardine Walcot Bicker Bar Weston Hills Barton-Upon-Humber Brumby Mareham on the Hill New Waltham Evedon Grimsby Kingerby West Torrington Broughton South Rauceby Yarburgh Croxton Colsterworth Brotherhouse Bar Anwick Sutton Bridge Gayton le Marsh Stamford Benniworth Hawthorpe Hatcliffe Waltham Market Rasen Conisholme Great Limber Stow Castle Bytham Ingoldsby Knaith Park Maltby Snarford Littlefield Mareham le Fen Roughton Moor Wickenby Burton-by-Lincoln Hedgehog Bridge Swineshead Bridge Maltby le Marsh Billinghay Wigtoft Kelfield Market Stainton Tetney Dogdyke Hanthorpe Bilsby Langton by Wragby Glentworth South Elkington Laughterton Kirkby la Thorpe New Boultham Wainfleet Tofts Markby North Thoresby Keddington South End Greylees Donington South Ing Thorpe Fendykes Lobthorpe Fold Hill Donington Eaudike Three Bridges Thurlby Guthram Gowt Hameringham Asterby Gunthorpe Swarby Newham Leake Hurn's End Dry Doddington Holton le Moor Asserby Turn Wykeham Silk Willoughby Kirton Holme North End Bucklegate Blankney Grainthorpe Kirkby Underwood Reasby Westhorpe Blyton Fen Side Sturgate Cherry Willingham Sots Hole New Leake White Pit Foston Little Wisbeach Horkstow Barnetby le Wold Otby Medlam South Witham Bigby Little Coates Leake South Kelsey Cleethorpes Potterhanworth Alford Earlesfield Withern Rowston Stainfield Worlaby Thorpe Latimer East Torrington Loosegate Apley Theddlethorpe All Saints Kelstern Braceborough East Firsby Stenwith Woodside Kirton in Lindsey Irby in the Marsh Mawthorpe Cawthorpe Bratoft South Carlton Braceby Thoresthorpe Marton Thorpe Culvert Penny Hill Gipsey Bridge Haugham Stickney Lutton Navenby Cumberworth Baston Owmby-by-Spital Skirbeck Reepham Keadby Morton North Reston Great Carlton Corby Glen Eagle Scotton Harrowby Folkingham Tumby Woodside Kirton End Millthorpe Sandtoft Martin Dales Sotby Bracon North Somercotes Burton-le-Coggles Huttoft Humberston Swayfield Chain Bridge Little Steeping Normanby by Stow Fulnetby Burgh le Marsh Lower Bassingthorpe Holton cum Beckering Hundle Houses Little Ponton Morton Listoft Stenigot Torksey Flixborough Thorpe on the Hill Lade Bank Riseholme Wybers Wood Boothby Pagnell Stoke Rochford Surfleet Seas End Laughton Haltoft End Stewton Coleby North End Pilham Yaddlethorpe Shepeau Stow Burgh on Bain Weelsby North Ewster Brothertoft East Kirkby West Butterwick Haceby Beckingham Belchford Tathwell Barholm Nocton Wrawby Broadholme Twenty Walmsgate Saxby All Saints Westby Grainsby Little Bytham Wrangle Heydour Wragby Strubby Tothill Whaplode Haddington Wainfleet St Mary Dawsmere North Hykeham Humberston Fitties Aswardby Holdingham Donington Woodhouse Moulton Elsham Crosby Friesthorpe Authorpe Surfleet West Keal Bishopbridge Epworth Turbary West End Little Limber Barkston Goxhill Driby Nunsthorpe Hop Pole Old Gate Authorpe Row Wilsford Covenham St Bartholomew Bassingham Fishtoft Farlesthorpe Toynton St Peter Covenham St Mary Keelby Obthorpe Lodge Slackholme End Wrangle Low Ground Northlands Manby Wildsworth Rigsby St Giles Carlby Carlton-le-Moorland Beesby Holme Little Grimsby Lissington Tattershall Wilksby Sutterby Aswarby Haconby Scrane End Wootton Manor Hill Corner Keal Cotes Thimbleby Bilsby Field Kirmington Spanby South Reston Caistor Derrythorpe Guy's Head Whaplode Drove Cawkwell Sibsey Kirkstead Swallow Beck Leverton Lucasgate Sturton by Stow Garnsgate Saltfleetby St Clement Snelland Chapel St Leonards Lusby Newtoft Skegness Well Belnie North Scarle South Ferriby Rothwell Little Common Heighington Ewerby Aisthorpe Coleby South Willingham Martin Moor Holton le Clay Sandholme Strugg's Hill Melton Ross Raithby by Spilsby Moulton Eaugate Toft Hill Hallington Messingham Habertoft Marshchapel Crossgate Morton Ailby Northorpe Welton Hill Frith Bank Alvingham Scotterthorpe Hatton Binbrook Throckenholt Newton Canwick Aisby New Bolingbroke East Stockwith Dickon Hills Low Burnham North Ormsby Goulceby Toynton Fen Side Chapel Hill Grange Leake Fold Hill Fulstow Hough-on-the-Hill Little London Ashby Puerorum Great Ponton Susworth Croft Muckton Bottom Frodingham Horbling East Barkwith Winthorpe Somerby Barrowby Low Barlings Port Sutton Bridge Friskney Eaudyke Londonthorpe Tallington Scawby Belleau Bassingthorpe Ludborough Clay Lake Ashby de la Launde Grey Green Bonthorpe Brookenby Graby Blyborough Sausthorpe Church Town Thealby Langton South Hykeham Wood Enderby Moulton Chapel Winterton Candlesby Kirkby Fenside Northgate Walesby Grange Broxholme Woolsthorpe By Belvoir Hibaldstow Luddington Normanby le Wold Sandilands Swaby Aslackby Healing Aunby Ingham High Barn Helsey Windsor Church End Hogsthorpe Long Sutton Brinkhill Claxby St Andrew Harrington Swinderby Coningsby Little London Bicker Gauntlet Easton Sandbraes Snitterby Keisby Fleet Hargate Ashby cum Fenby Fotherby Ingoldmells Boston Long Hedges Culverthorpe Trusthorpe Girsby Westborough Grimoldby Syston Barnoldby le Beck Burton Corner Market Deeping Nettleton Top Mablethorpe Langworth Spilsby Linwood Boothby Graffoe Helpringham Stainfield Frampton West End Hagnaby Sapperton Spital in the Street North Kelsey Kirkby on Bain Scampton Asgarby Kelby Toby's Hill Branston Dovendale Maidenwell South Somercotes Sutterton Thorganby Tealby Gautby Howell Whitton Ealand Addlethorpe Gayton Engine Little Sutton Bottesford North End Moor Side Billingborough Ermine New England Austen Fen Hainton Fockerby Green Hill Gelston Nettleton Gosberton Cheal Atterby Woolsthorpe-by-Colsterworth Knaith Tumby Ruckland Thornton Curtis South Cockerington Baythorpe Hougham Monksthorpe Biscathorpe Usselby Sutton St James South Ormsby Scott Willoughby Kettlethorpe Marston Ulceby Hungerton Wilsthorpe Pode Hole Burringham Thorpe le Vale Cranwell Great Gonerby Gedney Dyke Gunness Bulby Sudbrook Dalby West Barkwith Pickworth Bradley Orby Dunston Yarborough Asserby South Thoresby Fishmere End Brandon Rimac Hannah West Houses Moulton Seas End Upperthorpe Bonby Bishop Norton Deeping St James Waddingham Stainton by Langworth Tunnel Pits Sutton Asperton Legsby New End Dembleby Skirbeck Quarter Louth Gosberton Clough Scotter Skeldyke Beltoft Woodthorpe Hanby East Butterwick Santon Ewerby Thorpe Amcotts Bucknall Barrow Haven West Ravendale Seathorne Bracebridge Heath Creeton Normanby Waddingworth Swinethorpe Thornton Welton le Wold Roxby Tetney Lock Ketsby Sutterton Dowdyke Freiston Newton on Trent Toft next Newton Normanby-by-Spital Fenton Blackjack Thorpe Tilney Hilldyke Wragholme Leasingham Martin Fen End Freiston Shore Washingborough Caenby Langrick Bracebridge Immingham Wrangle Bank Cuxwold Great Sturton Utterby Bridge End Ulceby Skitter Thurlby South Killingholme Swanpool Springthorpe Harmston Martin Chapelgate Holme Hill Gainsborough Bradley Willoughby Tattershall Thorpe North Elkington Oasby Pointon Saltfleet Heapham Irby upon Humber West Rasen Northbeck Hubbert's Bridge Little Hale East Halton Black Barn Carlton Scroop Burnham Poplar Grove Haugh Thorpe St Peter Rand Gedney Drove End Norton Disney Holbeach Clough Partney Bicker Bunker's Hill Little London Kirton Theddlethorpe St Helen Legbourne Hemswell Cliff South Kyme Mumby Reedham Dowsdale Appleby Old Somerby Graiselound Little London Hagnaby Skidbrooke North End Somersby Hall End Pinchbeck Horkstow Wolds Bleasby Moor The Hallands Swinhope The Willows Careby Moortown Claythorpe Northorpe North Kelsey Moor Swineshead Potterhanworth Booths Tamworth Green Saltfleetby St Peter Gosberton Boughton Frithville Swinstead Stapleford Garthorpe Buslingthorpe Tetford Brigsley Brigg Bardney Stroxton Mill Place Old Woodhall Pinchbeck West East Lound Birkholme Ulceby Brandy Wharf Cammeringham Fordington Westwoodside Greatford Anderby Riby Eskham Tydd Gote Birthorpe Scotland Harlaxton Stixwould Ashby Hill Withcall Nettleham West Carr Brant Broughton Little Carlton Fenton North Cockerington Kirmond le Mire South Owersby Cowbit Kirkby Swallow Owmby Long Bennington Aylesby Broughton Common Lincoln Welton le Marsh Osbournby Cowbridge Minting Keddington Corner Welton Hasthorpe Irnham Will Row Towngate Great Hale Ranby Saxilby West Willoughby Honington Leverton Outgate High Risby Normanton-on-Cliffe Thurlby North Cotes Sixhills Aby Halton Fenside Moorhouses Sturton Great Steeping East Heckington Frieston High Toynton Holbeach Hurn Willingham by Stow Carrhouse Sutton St Edmund Austendike Crowle Hill Wellingore Manthorpe Midville Spalding Toft Small End Dyke Stragglethorpe Old Bolingbroke Bag Enderby Risegate Revesby Bridge Heckington Scrivelsby Scartho Saracen's Head Cabourne Wargate Sutton on Sea Corringham Claypole East Ferry Westrum Stickford Sudbrooke Wroot Wold Newton Mill Hill Wainfleet Bank Bourne Althorpe Wellow Aubourn Eastoft Anton's Gowt Scredington North End Whisby North End Low Fulney Woodnook East Marsh Denton Seacroft Wispington Winceby Doddington Camp Fosdyke Bridge North Owersby Wasps Nest Barlings Humby Muckton Burtoft Burton upon Stather Walcot Fulney Island Carr Metheringham Beelsby Hackthorn Eagle Barnsdale Fulletby Baumber Holbeach Bank Newball Stainby Gedney Hill Tydd St Mary Drayton Brattleby Peak Hill Dowsby Roughton Holbeach Holbeach St Matthew Witham St Hughs Branston Booths Boston Witham on the Hill Skillington Wrangle Lowgate Flixborough Stather Hundleby North End Sandy Bank Southrey Clark's Hill Hoffleet Stow Yawthorpe Scopwick Horsington Edlington Low Risby Firsby Hawthorn Hill Panton Manton Warren Thetford Little Cawthorpe West Ashby Manthorpe Haltham Sutton Corner Scrub Hill West Halton Habrough Carrington Stowe Rectory, The Burwell Algarkirk Hemingby Clixby Hagworthingham Skidbrooke Walcott Seadyke Castlethorpe Allington Ludney Risby West Deeping Dunholme Alkborough Ancaster Waithe Owston Ferry Ruskington Gunby Oxcombe Ashby Asgarby Aisby East Keal Coates Thornton le Moor Haxey Carr Weston Saxby Donington on Bain West Marsh Greetham Great Tows Bitchfield Wainfleet All Saints Rippingale Glentham Wressle Woodhall Spa Old Clee Toynton All Saints Old Leake North Rauceby Bransby Tattershall Bridge Isle of Axholme Skendleby Psalter Grebby Lenton Sloothby Ashington End Dorrington Stainton le Vale Redbourne Cold Hanworth Fillingham Swaton Skellingthorpe Friskney Skendleby Belton Kexby Laughton Heathfield Little Welton New Holland Scamblesby Belton Wyville Brampton Cadney Calceby West Field Saleby