Professional Company Accounts in Kirby Cane

Get in touch

Company Accounting in Kirby Cane

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 Kirby Cane

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 NR35 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 Kirby Cane (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
Wood Dalling Ratten Row Deopham Wickhampton Hapton Great Dunham Saxlingham Wortwell Oulton Street Great Witchingham Orange Row Hargate Frost Row Brewers Green Poringland Caudlesprings Hethersett Redenhall Gayton Congham Church Green Fishley Fakenham Morston Walpole Highway Whimpwell Green The Ling Twyford Woodgate Low Tharston Sparham Flordon Ingoldisthorpe West Winch Sutton Piccadilly Corner Ditchingham Stockton Hempstead Gimingham Carleton Forehoe Griston Upgate Street North Runcton Wash Dyke Stow Bedon Garvestone Winterton-on-Sea East Somerton Cockthorpe Shropham Needham Bintree Shepherd's Port Tattersett West End Paston Green North Barningham Fordham Strumpshaw Stoke Holy Cross Stanhoe Cliftonville Gayton Thorpe Whitwell Street Mill Street Middle Harling Doddshill Bush Estate Little Thornage Stiffkey Brancaster Deopham Green Kidd's Moor Cat's Common Wramplingham West Bilney Attlebridge Horsey Kirby Cane Waterloo Fiddlers' Green Northall Green Tilney All Saints Geldeston Belaugh Crimplesham Witton Wimbotsham Happisburgh Common Woodton Tower End Edingthorpe Green Pristow Green Walcott Blackborough End Runcton Holme Godwick New Holkham Gressenhall Old Hall Street Tharston Pentney Eccles on Sea Dunston Danemoor Green Thuxton Holkham Wiggenhall St Germans Drymere Bramerton Bressingham Common Paston Lower Thurlton Garlic Street Drabblegate Westgate Street Great Ellingham Sco Ruston Ashmanhaugh Cawston RAF Coltishall Wickmere Bush Green Fritton Wighton Terrington St John Greengate Upper Guist Padney Potthorpe Toftrees South Lopham Tungate Barningham Green Clippesby The Arms Thorpe End Brooke Burgh Stubbs Hyltons Crossways Stradsett Workhouse Common South Green Stanfield Wiggenhall St Peter Rockland St Mary Little London Briningham Burnham Overy Staithe Happisburgh Felthorpe Colegate End Mautby Sprowston Aldeby California Stratton Strawless Moorgate Anchor Street Upper Stoke Honingham Bawdeswell Garboldisham Great Bircham Wiggenhall St Mary Magdalen Silvergate Barney Terrington St Clement Fleggburgh/Burgh St Margaret Ovington Framingham Earl Ostend Thurlton Links Little Hautbois Wilby Tottington Grange, The Lower Stow Bedon Haddiscoe Loddon Smallburgh Scottow Little London Ranworth Thurgarton Stonebridge Calthorpe Reepham Wellingham Tatterford Houghton St Giles Thursford Green Hempstead Pulham Market Keswick Mundford Beckett End Tibenham South Pickenham Lower Street Earlham Repps Walcot Green Ingleborough Ketteringham Felbrigg Hemblington Hilgay Lynford Aslacton Great Walsingham Gresham Old Catton Gissing Beighton South Burlingham Fersfield Croxton Bradwell Fincham Wiveton Scole Wood Norton Brisley Breckles Bradenham Boyland Common East Barsham Bacton Thurne Croxton Ashwicken Binham North Green Lakenham Southery Woodbastwick Podmore Watton Green East Beckham Watton Norwich Little Cressingham Sharrington Fulmodeston Ten Mile Bank Thorpe Frans Green Thorpe St Andrew Wood Green Oxnead Little Massingham Reedham Upper Brandon Parva Pott Row The Heath Stow Bridge Wolterton Primrose Green Gaywood West Lexham Downham Market Brookville Smallworth Bunwell Bottom Upwell Edgefield Street Castle Rising Bridge Green Freethorpe Clippings Green Framingham Pigot High Green Fring Tottenhill Row Pettywell Thorpe Market Brettenham Leziate West Somerton East Runton Antingham North Lopham Warham Mill Green Saham Toney Frogshall Salthouse Trimingham Fair Green Hill Common Bridgham Red Pits Matlaske Little Melton Thornham Boughton Little Snoring Blofield Rush Green Blackborough North Tuddenham Chalkhill Welney West Runton Arminghall Lyng Hay Green Nordelph Corner Newton Flotman Great Cressingham Thwaite St Mary Haveringland Tasburgh Swainsthorpe Nethergate Brancaster Staithe Ragmere Jordan Green Southtown Sedgeford Edgefield Moulton St Mary Denver Babingley Greensgate Ashwellthorpe Manson Green Hockering Heath Ormesby St Michael Upper Street Westgate Brandiston West Harling Stow Bardolph Newton St Faith Egmere Tipps End Briston Carbrooke Beetley North Creake Clenchwarton North Walsham Low Common Great Massingham Browston Green West Beckham Hellesdon Outwell Marham Misery Corner Kettlestone Seething Attleborough Deopham Stalland Wreningham Gateley East Raynham Bow Street Great Snoring Hackford Three Holes Kimberley Beeston Regis Newgate Corner Topcroft Street Yelverton Audley End Ellingham Swanton Abbott Anmer The Drove Crane's Corner Salle Swafield Itteringham South Denes Filby Heath Costessey Booton Halvergate Billingford Road Green Copy's Green Aldborough Wroxham West Caister Rockland St Peter Burnham Norton The Green Pilson Green New Buckenham North Barsham Oxwick Neatishead Thorpe Abbotts The Lings Mundesley Edingthorpe Westwick Crostwick Bradfield Wood Street Forncett End Tunstall Hingham Bawburgh Tottenhill Bush Green Great Plumstead South End Bunker's Hill Thornage Dockeney Newton Great Hockham Waterheath Dunton Stalham Swanton Hill Hunt's Corner Silver Green Sea Palling Wymondham Cargate Common Guist Burston Maypole Green Dersingham Wormegay Rollesby Thursford Burgh Castle Trunch Narrowgate Corner Ashill Wolferton South Acre Shipdham Horsham St Faith Hales Street Runham Southgate Hickling Green Edge Green Great Yarmouth Banham Reymerston Woodrising Colney High Green Walton Warren Little Barningham Bale Wereham Row Tacolneston West Head Southgate Horsford Hardwick Flaxlands Ludham Rockland All Saints How Hill Swanton Novers Little Ryburgh Swannington Brandon Parva Snetterton Methwold Raveningham West Tofts West Raynham Lower Street Clint Green Cangate Swardeston Walpole St Peter Toftwood East Harling Snettisham Bedingham Green Waxham Ormesby St Margaret East Walton Longham Beeston St Lawrence Walsoken Sustead Church End Lyngate Merton Little Walsingham Great Moulton Scratby Wretton Norton Corner Loddon Ingloss Chedgrave Easthaugh Morningthorpe West Walton Bunwell Dereham Little London Blo' Norton Swaffham Harpley Suspension Bridge Foxhole Mile Cross Lingwood Limpenhoe Hill Panxworth Westfield Eaton Witton Bridge Sharp Street Badersfield Great Ryburgh East Bilney Hemblington Corner South Runcton Caister-on-Sea Millgate Crownthorpe Cucumber Corner Rougham Flitcham Ridlington Street Gunthorpe King's Lynn East Wretham Eau Brink Burgh next Aylsham Johnson Street Denton Kirby Bedon Filby Skeyton Corner Wilney Green Pockthorpe Aylmerton Mount Pleasant Tuttington Hamrow Cess Crowgate Street West Barsham Cockley Cley Wiggenhall St Mary the Virgin Foxley Thorpe Hamlet Tunstead Caistor St Edmund Wendling Walpole Marsh Middleton Pedham Bittering Hanworth Great Fransham Thurlton Thorpland New Costessey Lower East Carleton Sloley Northwold Tyby Ingworth Burgh Common Sidestrand Broomhill Hassingham Harling Road Keswick Alby Hill Bircham Newton Ridlington Tilney St Lawrence Hoe Sparhamhill Spooner Row Burnham Market Lower Green Sculthorpe Buckenham Drurylane Meeting House Hill Caston Bushy Common Gorleston-on-Sea Broomsthorpe Saham Hills Foulsham Roydon Aylsham North Denes Damgate Shereford Bracon Ash Hilborough Besthorpe Bastwick Drury Square East Winch Upton Starston Rushford Bagthorpe Dickleburgh Nogdam End Guestwick Welborne Weston Green Hales Green Plumstead Green Thrigby Whissonsett Hevingham Briggate Blackwater Shimpling Short Green Crabgate Hempton Stalland Common Costessey Park Scoulton Helhoughton Cley next the Sea Silfield Newgate Walpole St Andrew West Dereham Burnham Overy Town Wolferd Green Thurning Neaton South Raynham Saxlingham Nethergate Lenwade Hickling Heath Fodderstone Gap Marsh Side Weston Longville Pottergate Street Harper's Green Overstrand Salhouse Wainford Gooderstone Bacton Green Holme next the Sea Melton Constable Weasenham All Saints Sisland Broome New Rackheath Catfield High Kelling Worstead Foundry Hill Bircham Tofts Withergate Trowse Newton Upgate Street Burnham Thorpe Belton St Olaves Ingham Corner Gillingham South Walsham Little Plumstead Limpenhoe Colby Wacton Common Horning Ashby St Mary Surlingham Honing Hunworth Intwood Bawsey Ickburgh Irstead Street Hindringham Stacksford Brundish Suffield Morton Potter Heigham Claxton Dunton Patch Brampton Langley Street Tyegate Green Taverham Brandon Creek Thickthorn Hall Bexwell Bexfield North Burlingham Skeyton Little Ellingham Rushall Roughton Alderford Dam Green Muckleton Puddledock Mustard Hyrn Ingham Lower Tasburgh Billockby Blakeney Dunkirk Shelfanger Hengrave Bustard's Green Upper Street Bergh Apton Newtown Dickleburgh Moor Shernborne Holt Harleston Westbrook Green Blickling Houghton Toft Monks Dowe Hill Shotesham Tittleshall Threehammer Common Primrose Corner Lower Bodham Marlingford Saxlingham Green Sparrow Green Letheringsett Corpusty Larling Whinburgh West Rudham Norton Subcourse Pooley Street Thurton Upgate Thorpe Marriott Hardley Street Plumstead Cantley The Heath Smeeth, The Runhall Pennygate Bessingham Foulden Sheringham Pockthorpe Lyon's Green Hardingham Knapton Beeston Shadwell Cranworth Setchey Field Dalling Bressingham Rackheath Southwood Billingford Northrepps Pockthorpe Mill Common Ivy Todd Hillington Darrow Green Stibbard Cordwell Sandringham Itteringham Common Carleton St Peter Whittington Scole Common West Acre East Ruston Fritton North Wootton Hunstanton South Wootton Colkirk Elsing Weasenham St Peter Scarning Bellmount Chequers Corner Drayton Doughton Black Carr The Green Mattishall Burgh Crossdale Street North End Ringstead Morley St Botolph Thunder Hill Thelveton East Carleton North Green Stubb Little Fransham Wheatacre South Creake Tivetshall St Margaret Brockdish Freeland Corner Stoke Ferry Horstead Shelton Didlington Etling Green Dumpling Green Eastgate Long Stratton Upton Green Low Street Frettenham Hoveton Kerdiston Alburgh Frankfort Wereham Horningtoft Stubbs Green Kirby Green Nordelph Shouldham Burnham Deepdale Bull's Green The Heath Anchor Corner Cringleford Tilney cum Islington Martham Holme Hale Tivetshall St Mary Howe Butcher's Common Waterloo Wicklewood Acle Holly End High Common Tilney High End Hethel Hopton on Sea Baconsthorpe Guestwick Green Bunwell Hill Kirstead Green Banningham Bodney Beachamwell Hellington Hawes' Green Hickling Daffy Green Burlingham Green Shingham Coltishall Thetford Themelthorpe Barton Turf Hales Emneth Broomholm High Green Docking Long John's Hill Mileham Bowthorpe Cromer West Poringland Barroway Drove Waterloo Mundham Postwick East Rudham Tilney Fen End Methwold Hythe South Green Spa Common Walpole Cross Keys Winfarthing Old Hunstanton Upper Hellesdon Ringland Cobholm Island Dilham Grimston Salters Lode Saddle Bow Craymere Beck Stokesby Chapel Field St John's Highway Penny's Green Feltwell Lyngate St James Hainford Northacre Barton Bendish Broom Green Little Dunham Coxford Toprow Newport Langham Pollard Street Wacton Quidenham Thompson Little London Suton Shepherd's Gate Mulbarton Watlington Emneth Hungate Letton Green Thorpe Row Hockering Gasthorpe Pulham St Mary Stanford Goose Green Hempnall Barford Shouldham Thorpe St John's Fen End Narborough Hedenham Hockwold cum Wilton Highoak Hemsby Oulton North Elmham New Sprowston Town Green Lundy Green Colton Erpingham Yaxham Stratton St Michael Little Hale Southburgh Castle Acre Fritton Runham Vauxhall Emorsgate Lamas Frenze Lessingham Fen Street East Tuddenham Mattishall Heydon Diss Barnham Broom Southrepps Swanton Morley Metton Roydon Saxthorpe Brinton Damgate New Catton Cobbler's Green Horsey Corner Brundall West Newton Bengate Sneath Common Summerfield Burgh St Peter Coston West Lynn Peaseland Green Illington Titchwell Bodham Marshland St James Kenninghall Eccles Road Glandford Crowshill Roudham East Lexham Topcroft New Hainford Lordsbridge Spixworth Upper Sheringham Oxborough Felmingham Brakefield Green Pockthorpe Brock's Watering Stalham Green Blofield Heath Upper Street Cranwich Heckingham Snow Street Earsham Syderstone Marsham Fairstead Sporle North Pickenham Walton Highway Heacham Wells-Next-The-Sea Barmer Kelling Carleton Rode Hempnall Green Alpington West End Stody Wattlefield Necton Little Marsh Litcham Weybourne Old Buckenham Weeting Easton Worthing Catton Grove Sheringwood Welborne Common Hindolveston Buxton Fengate Three Cocked Hat