Professional Company Accounts in Graiselound

Get in touch

Company Accounting in Graiselound

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 Graiselound

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 DN9 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 Graiselound (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
Thurlby Croxton South Killingholme Kirkby la Thorpe Swallow Beck Dowsby Little Sutton Tattershall Thorpe Low Fulney Luddington Newton Keddington North Kelsey Moor Carlton Scroop Cadney Heydour Bratoft Holbeach Clough Normanby Revesby Gainsborough Broughton Blyton Alkborough Upperthorpe Otby Corby Glen Manby West Ravendale New Boultham Kirkstead Sutton St Edmund Gosberton Clough Wellingore Laughterton Sleaford Ingoldmells New Bolingbroke Port Sutton Bridge Whitton North Ormsby Crowle Park Tathwell Holbeach Hurn New End Bardney South Witham Asgarby Saxby All Saints Haugham North Cotes Nettleham West Field Hameringham Uffington Rippingale Woodthorpe Low Burnham Nene Terrace Frognall Greylees Broughton Common Hareby Ludborough Nettleton Evedon Graby Swaton Clay Lake Barton-Upon-Humber Donna Nook Grant Thorold Laughton Barrow Hann Harrowby Spilsby Lissington Halesgate Kirmington Bracebridge Heath New Leake Humby Welton Sempringham Carlton-le-Moorland Bishop Norton Canada Yaddlethorpe Minting Brand End Wildsworth Aubourn West End Martin Blackjack Swanpool Reedham North Ewster Brumby Gautby Swinhope Woolsthorpe-by-Colsterworth Maltby le Marsh Dowsdale Gosberton Cheal Donington Eaudike Freiston Shore Folkingham New England Yarborough Fordington Tongue End Stainton le Vale Sutton Corner Donington on Bain Sandbraes Hackthorn Woodhall Spa South Kyme Toynton Fen Side Branston Booths Hall End Allington Belton Norton Disney Asserby Turn Boston West Aswarby Wressle Swinstead Humberston Fitties Earlesfield Kirkby on Bain Knaith Park Welbourn East Butterwick Grainthorpe Heckington Burtoft Langrick Bridge Corringham Stroxton Skirbeck Bridge End Helsey Throckenholt Sutton Bridge Kirkby Fenside Knaith Burton Pedwardine Little Carlton Sutterby Toynton All Saints Seadyke Moorby Aunsby Gonerby Hill Foot Roughton Hanby North Carlton North Thoresby Bradley North Rauceby Moulton Eaugate Billinghay Loosegate Sausthorpe Ermine Gedney Drove End Graiselound Toynton St Peter West Houses Bicker Bar Cumberworth Maltby Sutton Crosses Horbling Fenton Nettleton Top Barrow Haven Galley Hill Camp Frithville Dawsmere Southrey Spittlegate Easton Cuxwold Gelston Sandholme East Lound Irnham Ludney Little Hale Colsterworth Canwick Caythorpe Beelsby Beckingham Frith Bank Bunker's Hill Redbourne Gayton le Wold Thornton le Moor Little Ponton Croxby West Barkwith Ulceby Skitter Oxcombe Stainfield Wrangle Bank Burwell Leverton Highgate Sutton East Ravendale West Willoughby Kelfield Farforth Grantham Marston Habrough Woodnook Amcotts Gayton le Marsh Fleet Hargate Tetney Lock Nunsthorpe South Thoresby Martin Dales Cawthorpe Laceby Burton Stather Scrafield Wellow Skendleby Irby in the Marsh Culverthorpe Lea Guthram Gowt Scartho Brotherhouse Bar Bleasby Riseholme Little Wisbeach Winteringham Holland Fen Toby's Hill Haxey Addlethorpe Tumby Woodside Thornton Wrangle Scotton Woolsthorpe By Belvoir Markby Witham St Hughs Louth Northorpe Langton by Wragby Scampton Holbeach Fosdyke Newton by Toft Broxholme North Witham Flixborough Frampton Bilsby Field West Torrington Rand Farlesthorpe Witham on the Hill Millthorpe Croft Eastville Ingoldsby Newton on Trent Low Toynton Baythorpe Church End Frampton West End Stapleford Worlaby Sandtoft Welby Quadring Faldingworth Howsham Boothby Pagnell Claythorpe Boothby Graffoe Dunholme Austendike Leake Commonside Waddingham Grebby Pyewipe Owmby-by-Spital Keadby Walcot Silk Willoughby Toft next Newton Brocklesby Aunby Market Deeping Manthorpe Calceby Donington South Ing Spridlington Laughton Ashby Kirkby Green Manton Warren Butterwick Little Limber Fenton Tattershall Billingborough Tamworth Green Tydd Gote Bleasby Moor Holbeach St Matthew Dovendale Gayton Engine Leverton Outgate Ancaster Wrangle Low Ground Twenty Blankney Harmston Chain Bridge Leadenham Kirmond le Mire Moulton Stickney Saracen's Head Northorpe Westborough Coningsby Careby Northlands Walcott Mawthorpe Frodingham Harrington Haxey Carr Kirton Stow The Hallands Little London Welton le Marsh Crowle Hill Ashby by Partney Hagnaby Anton's Gowt Stixwould Sturton Grimsby Holme Fockerby Castlethorpe Leasingham Girsby Barton Waterside Bassingham Ulceby Thorpe le Vale Reed Point Fotherby Seathorne South Willingham Woodside Fulbeck Medlam Moor Side North End Willingham by Stow Huttoft Boultham Moor Weston Brothertoft Yarburgh Scamblesby Bucknall Wragholme Wilsford Ashby Hill Scredington Gedney Langworth Castle Bytham North Greetwell Searby Thorpe Tilney Hagnaby Aisby Sotby Aslackby Walcot Halton Holegate Aisby Wykeham Wilsthorpe Haconby Belchford Yawthorpe Irby upon Humber Tattershall Bridge Syston Raithby by Spilsby Stragglethorpe Gipsey Bridge Eagle Anderby Creek Moulton Seas End South End Carrhouse Winthorpe Black Barn Usselby Atterby Beesby Westrum Normanby by Stow Boultham Benniworth Wainfleet St Mary Digby Burringham East Halton Waltham West Butterwick Dalby Hasthorpe Swineshead Tunnel Pits Scrane End Stickford Owston Ferry Chapelgate Moortown Wasps Nest Stainby East Stockwith Brandon Small End Scopwick Holbeach Drove West Carr Navenby Belnie Stainsby Morton Mavis Enderby Haven Bank Winterton Church Town Whaplode Drove Scawby Somersby Hallington East Torrington Muckton Haltoft End Langrick Birchwood Horncastle Bradley Tothill Lusby Partney Baston Toft Hill Swinderby Derrythorpe Wilksby Whaplode Wyville Binbrook Pointon Horkstow Wolds South Rauceby Penny Hill Mill Place Northgate Little Welton Tetford Old Gate North End Reepham Willoughton Swinethorpe North End Langtoft Wainfleet All Saints Drayton Legsby East Firsby Crossgate Skirbeck Quarter Brinkhill Swarby Poplar Grove White Pit Aby Weelsby Heapham Ranby Brant Broughton Dalderby Seacroft Deeping St James Saltfleet Thorganby New York Withcall Tallington Donington New Holland Ropsley Bassingthorpe Utterby Upton Hemswell Fishmere End Trusthorpe Theddlethorpe All Saints Saxilby Heighington Claypole Haddington Rigsby North End Ulceby Green Hill Fen Side Cherry Willingham Old Clee Sloothby Spanby High Ferry Dorrington Snitterby Welton le Wold North Killingholme North Kyme Sixhills Sutton on Sea North Kelsey Worlaby Stowe Eskham Burton Corner Cabourne North Hykeham Dunston North Elkington Gosberton Waithe Monksthorpe Gedney Hill Stubton Little Steeping Sibsey Gunness Riby Stenigot Kirton Holme Barnetby le Wold Washingborough Anwick Long Sutton Fenhouses Bourne Crowle Thurlby Fulletby Thorpe Fendykes Orby Quadring Eaudike West Ashby Londonthorpe Newham Risby Scremby Kirton in Lindsey North Willingham Authorpe Isle of Axholme Howell Boughton Shepeau Stow Glentham Holbeach Bank Wybers Wood East Marsh Boston Holton le Moor Dragonby Rectory, The Nocton Pilham Wrawby Normanby-by-Spital Bulby Santon Sots Hole Market Stainton Sandilands Skidbrooke Mareham le Fen Bishopbridge Grimsthorpe Risegate Wood Enderby Snarford Hagnaby Lock Sturgate Surfleet Stewton Great Hale Stowgate Epworth South Reston Hedgehog Bridge Freiston Somerby Leverton Lucasgate Asserby Clark's Hill Tydd St Mary Hemingby Tetley Threekingham Thorpe Latimer Ealand South Somercotes Horkstow Stallingborough Marton Tetney Althorpe Bracebridge Leake Hurn's End Newball Immingham Little London Alvingham Lutton Braceby Sutton St James Friskney Eaudyke Belton Cammeringham Stamford Old Somerby Metheringham Roxby Friskney Caistor Cranwell Brookenby Claxby St Andrew St Giles Sedgebrook Flixborough Stather Fleet Bitchfield Keelby Cold Harbour South Kelsey Strubby Gunby Holbeach St Marks Scott Willoughby Holdingham East Heckington Thorpe St Peter Fiskerton Manton Lobthorpe Toft Ashington End Susworth Hawthorpe Roughton Moor Brattleby Greatford Fulstow Braceborough Northbeck Asgarby Lenton Driby Snelland Cawkwell Alford Greetham South Ormsby Skendleby Psalter Willoughby Hills North Owersby Saltfleetby St Clement Fen End Hannah South Elkington Kingerby Thorpe Apley West Halton Grainsby Langholme Fulnetby Wigtoft Owmby Surfleet Seas End Withern Old Woodhall Stainton by Langworth Bicker Brampton Claxby Scotterthorpe Sandy Bank Mumby Scrivelsby Strugg's Hill Covenham St Bartholomew Burgh le Marsh Castle Carlton Barrow upon Humber Old Bolingbroke Westhorpe Kelstern Market Rasen Wispington Little Cawthorpe Weston Hills Burton upon Stather Kirkby Underwood Osbournby Burton-le-Coggles Thetford Westgate Thurlby High Toynton Hemswell Cliff Clixby Kirton End Little Bytham Skegness Grimoldby Rowston Carrington Thorpe Culvert Bonthorpe Pinchbeck West Belleau South Hykeham North End Stoke Rochford Scotter Hungerton Cackle Hill Potterhanworth Booths Heathfield Elsham Welton Hill New Barnetby Sudbrook Baumber Revesby Bridge Grange Thoresthorpe Grainthorpe Fen Cowbit Grayingham Ewerby Thorpe Branston Rothwell Appleby Lutton Gowts Helpringham Keddington Corner Fulney Thoresway Bucklegate Oasby Laceby Acres Morton Garthorpe Barnoldby le Beck South Carlton Middle Rasen Swineshead Bridge Hundleby Hubbert's Bridge Haltham Great Sturton Dickon Hills Stockholes Turbary Bag Enderby Sudbrooke North End Wainfleet Tofts Wargate Scunthorpe Martin Peak Hill Burton-by-Lincoln Aisthorpe Coleby Walesby Bonby Hainton Wickenby Little Common Lincoln Cowbridge Edenham Scrub Hill Haceby North Somercotes Wainfleet Bank Torksey Melton Ross Walmsgate Potterhanworth Low Barlings Hoffleet Stow Gunthorpe Wootton Greetwell Glentworth Holton cum Beckering Skillington Hop Pole Keal Cotes Lower Bassingthorpe Dogdyke Bigby Coates Ketsby Bullington Moorhouses Messingham Whisby Benington Sea End Habertoft Barkston Marshchapel Ewerby Blyborough Epworth Turbary Listoft Crowland Ashby cum Fenby Cold Hanworth Thornton Curtis Bottesford Great Coates Goulceby Bracon Doddington Old Leake East Kirkby Burgh on Bain Sapperton Walesby Grange Manor Hill Corner Kelby Brigsley Hanthorpe Wyberton Raithby Gedney Dyke Stainfield Winceby Wharton Panton Scothern Spalding Scotland Northorpe Brandy Wharf Denton Osgodby Foston Saltfleetby St Peter North End Hatcliffe Moulton Chapel Saltfleetby All Saints Mablethorpe Ailby Creeton Frieston Island Carr Fold Hill Hougham Kirkby Leverton Horsington Kexby Kettlethorpe Long Bennington Stenwith Wragby Bransby Friesthorpe Benington Theddlethorpe St Helen Birkholme Little London Midville Skellingthorpe High Risby Ludford Leake Dry Doddington Fishtoft Drove Church End Harpswell Young Wood Crosby Brigg Martin Moor Garnsgate Chapel St Leonards Waddingworth Low Risby Anderby Bicker Gauntlet Hough-on-the-Hill Fishtoft Timberland Deeping St Nicholas West End Reasby Linwood Salmonby West Deeping Firsby Gunby Grey Green Dunsby Humberston Littlefield Langton North Reston North Scarle Grasby Barrowby Hatton Pinchbeck South Owersby Dembleby Thealby Spital in the Street Quarrington Slackholme End Leake Fold Hill Honington Goxhill Coleby Healing Sutterton West Keal Little Grimsby Candlesby Birthorpe Towngate High Barn Aylesby Eastoft Tealby Wrangle Lowgate Skidbrooke North End Legbourne Little London Hagworthingham Guy's Head Springthorpe Harlaxton Cleethorpes North Cockerington Asterby Authorpe Row Hogsthorpe Rimac Saxby East Barkwith Pode Hole Morton Great Steeping Fosdyke Bridge Wold Newton Woodhouse Croxby Top Westwoodside West Marsh Swayfield Westby Maidenwell Newtoft Thorpe on the Hill Caenby Halton Fenside Will Row Windsor Keisby Haugh Three Bridges Great Limber East Keal Ashby Puerorum Willoughby Asperton Broadholme Manthorpe Waddington Ashby de la Launde Sturton by Stow Great Ponton New Waltham Tumby Eagle Barnsdale Holbeach St Johns Biscathorpe Covenham St Mary Fillingham Normanby le Wold Bilsby Saleby Austen Fen Holme Hill Chapel Hill Thimbleby Aswardby Swaby Burnham West Rasen Ruckland Boston Long Hedges Little Coates Ingham Ruskington Hilldyke Normanton-on-Cliffe Holton le Clay Lade Bank South Cockerington Well Sibsey Fen Side Great Tows The Willows Beltoft Obthorpe Lodge Langton Miningsby Barlings Swallow South Ferriby Sutterton Dowdyke East Ferry Pickworth Hawthorn Hill Barholm Buslingthorpe Dyke Hibaldstow Skeldyke Carlby Great Gonerby Great Carlton Wroot Mill Hill Algarkirk Muckton Bottom Conisholme Mareham on the Hill Edlington Hundle Houses