Professional Company Accounts in Norfolk

Get in touch

Company Accounting in Norfolk

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 Norfolk

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 NR13 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 Norfolk

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Newport Surlingham Brandon Parva Burnham Thorpe Hemblington Corner Kirby Bedon Happisburgh Common Pockthorpe Whittington Crownthorpe Egmere Horningtoft Wacton Common Goose Green Tharston Little Snoring Great Cressingham Great Ryburgh New Sprowston Stalham Green Moulton St Mary Alderford Fair Green Anchor Street Little Thornage Cobholm Island Sustead Toftwood Blo' Norton High Green Foulden Acle Brockdish Limpenhoe Hill Crabgate Hales Green Hapton Shingham West Newton Necton Sparham Hales Belaugh New Rackheath King's Lynn Upgate Street Clippesby Stibbard East Walton Bintree Penny's Green Bawburgh Panxworth Pollard Street Hales Street Mulbarton Fulmodeston Yelverton Cley next the Sea Intwood Workhouse Common Emneth Hungate Dunston Hainford East Runton Hoveton Walpole St Andrew Holme Hale Alpington Threehammer Common Fengate Swainsthorpe Little Fransham Neatishead Itteringham Common Low Common South Acre Snow Street Castle Rising Sharp Street Babingley Gasthorpe Pulham St Mary Billingford Brewers Green Cranworth Little Walsingham Waterloo Daffy Green Hockering Heath Denton Barroway Drove Saddle Bow Salle Swaffham Hay Green Didlington Walpole Highway Fleggburgh/Burgh St Margaret Gimingham Terrington St Clement Pooley Street Kettlestone Hickling Heath Lynford Walton Highway Little Hale Yaxham Hockwold cum Wilton Cobbler's Green Nethergate Sisland Scoulton Hassingham Ingleborough West Runton Clint Green Bracon Ash Wainford Geldeston Hemblington Broomhill Tipps End Itteringham Briggate Burston Low Tharston Bramerton Colegate End Spooner Row St John's Highway Ashwellthorpe South Burlingham Feltwell Thurton Rushall Halvergate Potter Heigham Plumstead Dumpling Green Waterheath Trowse Newton Tilney All Saints Beckett End Upgate Street Edgefield Street Short Green Hillington Wormegay Mill Street Bunwell Hill South Pickenham Hawes' Green Hardingham Saxlingham Audley End West Dereham Wiggenhall St Mary the Virgin Calthorpe Foxhole Wymondham Maypole Green Broomholm The Green RAF Coltishall Cringleford Beachamwell Catton Grove Primrose Green Toft Monks Hopton on Sea Bunker's Hill Heydon Walsoken Lamas Great Plumstead Wood Green South Green Hilborough Marshland St James Little London Tittleshall Great Hockham West End Wicklewood Craymere Beck Thorpe Meeting House Hill East Bilney Southgate Wighton Sandringham Hempstead Illington Northrepps Holt Swanton Novers Suspension Bridge Bressingham Common Darrow Green Kidd's Moor Wash Dyke West Head Little Cressingham East Harling Topcroft Lakenham Saxlingham Green West Bilney Dowe Hill Bedingham Green Mautby West Rudham North Runcton Southburgh Paston Green Overstrand Church Green Foxley Tottenhill Hempnall Green Blickling Toprow Bacton Wood Dalling Corpusty Northacre Newtown Aldborough New Buckenham Stow Bardolph Wood Norton Bawsey Anchor Corner Hingham Stonebridge Nogdam End Tasburgh Wroxham Tilney High End Neaton Helhoughton Congham Blofield Heath Horsford Shipdham Pockthorpe Lyng Morton Lower Bodham Crowgate Street Upper Hellesdon East Raynham The Heath Stalham Rush Green Terrington St John Woodrising The Heath Crowshill Upper Street Brookville Summerfield Walpole St Peter Hilgay Besthorpe Old Catton The Arms Welney Castle Acre Trunch Fritton West Lynn Morningthorpe Fairstead Thorpland Marham South Raynham Drayton Gayton Freethorpe Pockthorpe Carleton Forehoe Shelfanger Langham Pristow Green Bacton Green Bush Green Westwick Wilney Green Baconsthorpe Eau Brink Pilson Green Saxthorpe Frogshall Eccles Road Smeeth, The Tattersett Knapton Dunkirk Burnham Overy Town Sharrington Crane's Corner Garboldisham Greengate Frans Green Dereham Thurgarton Misery Corner Great Moulton Stalland Common Long Stratton Wendling Field Dalling Loddon Three Holes Shimpling Bexwell Caistor St Edmund Gunthorpe Hempstead Wimbotsham Croxton Toftrees Old Hall Street Great Yarmouth Loddon Ingloss Woodgate Holkham Morley St Botolph Fakenham Sedgeford Broom Green Newton Flotman Hanworth Fring The Drove Hoe Mount Pleasant Kerdiston Thwaite St Mary Arminghall Ashmanhaugh Erpingham Garlic Street Brisley Road Green Aldeby Roudham Wolferton Thuxton Shadwell Old Buckenham Wretton Barton Bendish Marsh Side Barningham Green West Poringland Snetterton Upgate Millgate Wells-Next-The-Sea Coltishall The Heath Hyltons Crossways Aylsham Whissonsett Little Hautbois Smallburgh West Tofts Narrowgate Corner Witton Bridge Pottergate Street West Caister Wolferd Green Beetley Bressingham Blackborough Waxham Woodton Swanton Abbott Westgate Briston Rougham Thrigby Roydon Seething Blackborough End Cantley East Ruston Podmore Wilby Poringland Brandon Creek Stratton St Michael Welborne Common Scottow Hindolveston Upton Green Burgh St Peter Thurlton Links Skeyton Corner Wramplingham Dunton Potthorpe Hethersett Foulsham Stanford Filby Heath Cranwich Anmer Little Barningham Wheatacre Great Fransham New Holkham Felthorpe Honingham Thelveton Martham Drurylane Lingwood Guestwick Horstead Ridlington East Beckham Eastgate Cat's Common Haddiscoe Saham Toney Ten Mile Bank Sparhamhill Attlebridge Morston South End Little Marsh Whimpwell Green Mundesley Ragmere Bowthorpe Great Witchingham Snettisham Gissing Bircham Newton Beighton Claxton East Wretham Wiggenhall St Mary Magdalen Horsham St Faith Scratby Burlingham Green Downham Market Stacksford Caudlesprings Brampton Piccadilly Corner Letheringsett East Tuddenham Upper Stoke Upton Witton Matlaske Billingford Woodbastwick Larling Flordon Upper Sheringham Needham Moorgate Thursford Green Sneath Common Earsham Little London North Creake Tottenhill Row Brinton Houghton St Giles Harper's Green Little London Ickburgh Weston Green St James Rollesby Southtown Thurlton Stanfield Barford Costessey Colton Stow Bedon Hedenham North Wootton Tower End Little Plumstead Low Street Clenchwarton Mile Cross Blofield Ingworth Drymere Swanton Morley Paston Broomsthorpe Howe North Barningham Holme next the Sea South Creake North Pickenham Hengrave Rackheath North Burlingham Southery Syderstone Melton Constable Bodney Hindringham Catfield Wortwell Methwold Hythe Oulton Street Thorpe Marriott Wiveton Black Carr Burnham Overy Staithe Kirby Green Framingham Pigot Belton Fen Street Harleston Watton Wellingham New Costessey Red Pits Wreningham Nordelph Hunt's Corner Shelton Ovington Butcher's Common Barton Turf Drabblegate The Ling Crossdale Street Wickmere Bastwick Bradfield Burgh Stubbs Shouldham Carleton Rode Caston Leziate Suton Stockton Fordham Great Dunham Tivetshall St Mary High Kelling Weston Longville Great Snoring Weasenham St Peter Sutton Tacolneston Outwell Walcott Johnson Street Winterton-on-Sea Hellington Wiggenhall St Peter Pulham Market Beeston Regis High Green Stubbs Green Mundham Hamrow Flitcham Little Melton Greensgate Waterloo Frankfort Repps Highoak Shropham Bridge Green Barnham Broom Bridgham Tottington Cordwell Letton Green Church End Stoke Holy Cross Aylmerton Thurne Ludham Edge Green Pentney West Beckham Fodderstone Gap Longham Bradenham Easton Narborough Methwold Walcot Green Postwick Manson Green Keswick Twyford Padney Hunstanton Chapel Field Saxlingham Nethergate Stanhoe Sco Ruston Docking Ridlington Street Brancaster Staithe Great Ellingham Norton Subcourse Damgate Frettenham Binham Burnham Deepdale Scole Common Honing Holly End Great Walsingham Tatterford Eaton Little London Ranworth Stow Bridge Cromer Horsey Corner Ingham Corner Spixworth Etling Green Muckleton Silvergate Withergate Deopham Wereham Row Alby Hill Upper Brandon Parva Dickleburgh Moor Costessey Park Stoke Ferry California Upper Guist Swardeston Coxford Shouldham Thorpe Sheringwood Cargate Common Oxwick Upwell Worstead Pettywell Tibenham Wood Street Eccles on Sea Themelthorpe Brandiston Framingham Earl Lower Tasburgh Buxton Marlingford Mattishall Burgh Beeston Warham Stradsett Lenwade Attleborough Kelling Ingham Gaywood Town Green High Common Dilham Bustard's Green Caister-on-Sea Newton St Faith Cawston Rockland St Peter Silver Green Ormesby St Michael Hempnall Bush Estate Brundish Long John's Hill Flaxlands Kenninghall West Raynham Danemoor Green Wolterton Taverham Redenhall Thorpe Row Filby Northwold Newton Ashwicken Gressenhall Hackford Chalkhill North Tuddenham Bull's Green Walpole Marsh Hevingham Smallworth Brooke Mileham Worthing Bawdeswell Boyland Common South Green Thurning North Elmham Little Ryburgh Thunder Hill Damgate Metton Tunstead Heckingham Bengate Lower Green Scarning Coston Bittering Gillingham Winfarthing North Walsham Gayton Thorpe Lower Thurlton Hardley Street Thornham Shepherd's Gate Thursford Peaseland Green Edingthorpe Green Emorsgate Gooderstone Thompson Burnham Market Ditchingham Sloley Blakeney Wereham North Green Horning Thorpe Hamlet Swannington East Somerton Titchwell Swanton Hill Keswick Norton Corner Fishley North Lopham Burnham Norton South Walsham Buckenham Runham Vauxhall Southgate Griston Doddshill Tuttington Shereford Tyby Badersfield Houghton Kimberley Saham Hills Ringland West End Little Ellingham Quidenham Dockeney Runhall Pennygate Brakefield Green Grange, The Elsing Grimston Skeyton West Winch Deopham Green Sea Palling Pockthorpe Old Hunstanton Tilney Fen End Crimplesham Ratten Row Kirstead Green West Harling Hockering Thornage Earlham East Carleton Crostwick Easthaugh Starston Croxton Little Massingham Lundy Green Sheringham Hethel Ingoldisthorpe Dam Green Blackwater Carleton St Peter Denver Colney Ketteringham Hunworth Great Massingham Pott Row Dersingham East Lexham Brancaster Newgate Corner Suffield Northall Green Ostend Lower Stow Bedon West Lexham Felbrigg Dunton Patch Harling Road Cockley Cley Strumpshaw The Lings Runham Hill Common Reedham Sprowston Nordelph Corner Beeston St Lawrence Merton North Denes Welborne Burgh next Aylsham Sculthorpe Southrepps Mill Green Bagthorpe Bow Street Trimingham Orange Row Reymerston Barney Roughton Ormesby St Margaret Wickhampton Garvestone Broome Tivetshall St Margaret Banningham Glandford Fritton Bexfield Norwich Lower Street Three Cocked Hat Pedham Edingthorpe Fersfield Brock's Watering The Green Godwick Colkirk Plumstead Green Lower Street Guestwick Green Freeland Corner Shernborne Tilney cum Islington Sporle Stody Barmer Wattlefield South Lopham Brundall Salters Lode New Catton Mustard Hyrn Bessingham Westbrook Green Bodham Bush Green Drury Square Clippings Green Marsham Great Bircham Ashill Oxnead Jordan Green Browston Green Weybourne Fritton Thorpe St Andrew Cliftonville Upper Street Irstead Street Hellesdon Emneth Langley Street Bradwell Southwood Cockthorpe Copy's Green Bale Booton Gresham Salhouse Chequers Corner Swafield Foundry Hill Primrose Corner Lessingham Hemsby Burgh Castle Cucumber Corner Silfield Scole Little Dunham Breckles Oxborough South Wootton Puddledock Thorpe End West Barsham Weeting Lyon's Green Doughton Boughton Banham Burgh Common Frenze Middleton Lower East Carleton Thorpe Abbotts High Green Harpley Setchey Hargate Gateley Rushford Watlington St John's Fen End Kirby Cane Bushy Common Haveringland Hickling Antingham Bunwell Tunstall Sidestrand Deopham Stalland Tyegate Green South Runcton Ringstead East Winch Westgate Street Thickthorn Hall Cess Limpenhoe Litcham Bellmount Forncett End Spa Common Rockland St Mary Thorpe Market Whinburgh Chedgrave Diss Weasenham All Saints Aslacton How Hill Horsey Stiffkey Brettenham Lyngate North Green Lyngate Alburgh Walpole Cross Keys West Somerton West Acre Colby Salthouse Tungate Ivy Todd Felmingham East Barsham Carbrooke Raveningham Ellingham Gorleston-on-Sea Waterloo Lordsbridge Fiddlers' Green Hempton Mundford Hickling Green Thetford Guist Roydon West Walton Shepherd's Port Oulton Mill Common St Olaves Newgate Upper Street Briningham East Rudham Whitwell Street South Denes Sparrow Green Edgefield Runcton Holme Ashby St Mary Tilney St Lawrence Watton Green Topcroft Street Bunwell Bottom Cangate New Hainford Wacton Fincham North Barsham Westfield Stubb Bergh Apton Billockby Frost Row Stratton Strawless Reepham Stokesby Dickleburgh Mattishall Middle Harling Rockland All Saints Walton Warren Shotesham Bircham Tofts Heacham Wiggenhall St Germans Hardwick North End Happisburgh