Professional Company Accounts in West Ayton

Get in touch

Company Accounting in West Ayton

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 West Ayton

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 YO13 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 West Ayton (North Yorkshire)

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Escrick Cowthorpe Egton Butterwick Swainby Marsett Long Marston Sexhow Gate Helmsley Sherburn in Elmet Threapland Eastburn Br Key Green Wilton Bordley Alne The Grange Low Whita Crockey Hill East Common Whaw Middlesmoor Milby Burtersett Hardgate Newton Mulgrave Manfield Kirkby Killinghall Kellington Farlington Sawdon Oldstead Stillingfleet Scackleton Hartwith West End Ampleforth Ainthorpe Farnley Thornton Eastfield Crowdon Rillington Middleton Whixley Stapleton Thormanby Ruston Beckwith Falsgrave Thornton Steward Tadcaster Camblesforth Snainton Kirby Hill Hampsthwaite East Cowton Sneaton Thorpe Helperthorpe Airton Easby Slapewath Baldersby St James Wintringham Minskip Whitewall Corner Dacre Padside Harlow Carr Burniston Hutton Rudby Tang Cleasby Sutton-on-the-Forest Staintondale Crosby Court Hawkswick Hartoft End Newby Wiske Wharram le Street Brough With St Giles Temple Hirst Nunthorpe Booth Bridge Burrill East Witton Kirkby Wharfe Hutton Conyers Barton-le-Willows Bramley Head Great Busby Stainton Northallerton Pickering Stillington Meagill Kellingley Low Ellington Cridling Stubbs Darley Head Esk Valley High Bentham Wilsill Lindley Howe Bulmer High Shaw Youlton Middleton Tyas Ganthorpe Darley Ferrensby Ravenseat Hutton Bonville Clapham Green Deighton South Duffield Acomb Folkton South Bank Marske Beckwithshaw Charltons West Rounton Little Smeaton Wydra Follifoot Halton Gill Ryther Dishforth Lastingham Slingsby Hessay Dallow Birkin Kelfield Aldbrough St John Kirby Hill Clints Toulston Flixton Street Houses Westhouse Borrowby Sutton Howgrave Newton Kyme West Cliff Aldwark Colburn Lazenby Huby Daw Cross Hawes Oulston Halton East Halton West Tancred Swinton Buckden New Brotton Coxwold Fairburn Street Ulshaw Downholme Staveley Saltburn-By-The-Sea Skelton on Ure West Tanfield Hornby Crambeck Roecliffe Monk End Selly Hill Cargo Fleet Braythorn Cross Holme Catterton Netherby West End Leeming Bar Thirsk Brafferton Welburn Reeth Hutton-le-Hole Constable Burton Loftus Hubberholme Low Bentham East Layton Heathfield Boroughbridge Mill Dam Yearby Fleets Crathorne Naburn Bank Newton Crossgates Masongill Arncliffe South Otterington Goldsborough Healey East Harlsey Airmyn Little Ouseburn Enterpen Skelton Nun Monkton Cowling Spofforth Dunsley South Holme Galphay Swinden Cawton Mickleby Church Houses Gollinglith Foot Kirk Deighton Fylingthorpe Ingleby Arncliffe Great Ayton Near Hardcastle Draughton Hunton Brompton-on-Swale Biggin Great Langton Ladies Riggs Oxton Copgrove Eavestone Little Ayton Cawthorne Litton New Earswick Swinton Green Close Great Edstone Scarborough West Layton Carlton Miniott Kirkleatham Patrick Brompton Arkendale Streetlam High Grantley Scotton Scorton West Lilling Ravenscar Nether Silton Hambleton Ellerby Hetton Kirby Sigston Knoll Top High Stakesby Skirethorns Farnhill Ingleby Cross Port Mulgrave Flaxby Easingwold Moor End Wigglesworth Newbridge Ulleskelf Huntington Hovingham Liverton Mines West Harlsey Eshton East Appleton Healaugh Suffield Ingerthorpe Elslack Huttons Ambo Forcett Middlethorpe Hillam Brandsby Askham Bryan Skipwith Little Smeaton Burneston Newby Hardraw Murton Grange Whitwell-on-the-Hill Low Hutton Lingdale Low Row Hartforth Pockley Hill End Fulford Holly Hill Newthorpe Allerton Mauleverer Little Fencote Sutton-under-Whitestonecliffe Askham Richard Lane Ends Stirton Terrington Horsehouse Carlin How Birdsall Wykeham West Heslerton Broughton Woodhall Wilton Barton-le-Street Carleton-in-Craven Sleights Hurgill Thirn New Road Side Stokesley Aire View Leavening Otterburn Cliffe Osbaldwick Felixkirk Countersett Carperby Scawton Heathwaite New Marske Stanghow Middleham Kexby Selside Claxton Cross Hills Burythorpe Lower Dunsforth Leppington Angram Gateforth Acklam Easington Beamsley Romanby Lebberston Thornton-le-Beans Little Barugh Sheriff Hutton Glasshouses Kettlesing Kirkbridge Finghall Newbiggin Stone Head Kilburn Ryton Mewith Head Aldfield Bullamoor Bilbrough Pannal Ash Clifton Moor High Hutton Cayton Stapleton Hopperton Skeeby Earswick Bedlam Foxup Silpho Asenby Pateley Bridge Cowling West Burton Cattal Nun Appleton Flasby Keasden Foxton Ruswarp Wistow Brokes Uckerby Ainderby Steeple Boltby Embsay Gatenby Appersett Lawkland Woodthorpe Ugthorpe Norton-on-Derwent Wath Bedale Hambleton Huby Kirkby Fleetham Moor End Field Spacey Houses Gammersgill Grosmont Moor Monkton Skipton Laverton Staithes Grassington Barnoldswick Exelby Winksley Houlsyke Skyreholme Swetton Warsill Easterside Dringhouses Carlesmoor Muscoates Shipton Cropton High Bradley Moorsholm Grafton Brackenthwaite Crakehill Walmgate Stray Cloughton Guisborough Nappa Scar Newsham Junction Helmsley Stonegrave Scrayingham Starbeck Clifton Oatlands Teesville East Knapton Burn Bridge Pallister Staupes Coneysthorpe Timble Bishop Thornton Buttercrambe Tunstall Theakston Reighton Nappa Kildale Newby Scarthingwell Margrove Park East Newton Tholthorpe Newholm Beckermonds Kirby Grindalythe Goulton Washfold Lodge Green Wheldrake Londonderry Girsby Redcar Knapton Barrowcliff Willerby Alne Station Dawker Hill Wass South Milford Poole Wath Riccall Keld Cray Wombleton Lumby Scotton Green Hammerton Kirkham Yedingham Appleton-le-Street Norby Binsoe Brayton Green End Littlethorpe Melmerby Towthorpe Forest Lane Head Barton Hill Newton-on-Rawcliffe Harrogate Clint Marton Wiganthorpe Thornthwaite Knavesmire West Lutton Feizor Commondale Kirby Knowle Marske-By-The-Sea Barden Marton Grove Rylstone Little Skipwith Preston-under-Scar Cloughton Newlands North Ormesby West Marton Spring End Helperby Sandhutton Menthorpe Carlton Thorpe Willoughby Thrintoft Melsonby Sandsend Bossall Lund Welburn Long Drax Ripon Great Heck Carlton Husthwaite East Rounton Hirst Courtney Park End Cundall Kilton Thorpe Kirkby Malzeard Sinnington Ellerbeck Danby Wiske Harton New Skelton Crayke Hinderwell Colsterdale Ganton Welbury Stalling Busk Ugglebarnby Caldbergh Nosterfield South Bank Hutton Hang Middlecave Aysgarth New Thirsk Town Head Kirk Smeaton Lofthouse Redmire Camp Hill Hutton Village Newton-le-Willows Coverham Carlton Bolton Bridge Smelthouses Balne Calcutt West Barnby Low Worsall Great Smeaton Foston Kirkby Overblow Stainforth East Ayton East Ness Catton Barlby Selby Howsham Copmanthorpe Moor End Kirkby Malham Grinton Bishopton Great Crakehall Cononley Hawsker Stainburn Shaw Mills Knayton Wigginton Hellifield Brookfield Cliffe Bridge Hewick Stean Dormanstown Eggborough Broughton Newby Low Grantley Threshfield Warthill Holme Green Middleton Ingleby Greenhow Acaster Selby Deerstones Drax Faceby Hall Garth Whorlton Levisham Hutton Wandesley Royal Oak Newsham Knaresborough Cowesby Holgate Newton under Roseberry Ripley Dunsdale Tollesby Bishopthorpe Summerbridge Great Fencote Cononley Woodside Great Thirkleby Askrigg Burn Scalby Walden Stubbs Kettlesing Bottom High Kilburn Middleton Monk Fryston Langbaurgh Newby Fadmoor Deepdale Newby Cote Topcliffe Bainbridge Marton Scampston Forest Moor Catterick Hunmanby Moor North Grimston Brearton Bickerton Worton Gilling East Barkston Ash Thornton-le-Clay Berwick Hills Low Snaygill Aislaby North Stainley Chapel-le-Dale Colton Bell Busk Studfold Linton-on-Ouse Burton Leonard Hipswell Hill Top Flaxton Hazlewood Blubberhouses Boosbeck Holtby Dalby Lackenby Sand Hutton Cold Kirby Carlton High Eggborough Thorgill New Houses Oswaldkirk Fawdington Birkby Whitley Sawley Egton Bridge Picton Upper Dunsforth Osgodby Common Nunthorpe Moulton Battersby Staxton Sharow Whashton South Kilvington Harlow Hill Low Dalby Oughtershaw Aiskew Sproxton Fremington Acaster Malbis Lawkland Green Burnsall Winsley Primrose Valley West Knapton Grange Pinchinthorpe Little Studley Malton Old Malton Scriven Coneythorpe Leeming Garriston Haxby Crackpot Wighill Great Ouseburn Towton Low Bradley Hemlington New Park West Field West Haddlesey Coulton Newbiggin Little Heck Mearbeck Thwaite Low Garth Urra Risplith Agglethorpe Beningbrough Kepwick Conistone Ashfold Side North Rigton Wensley Strensall Cracoe Sinderby Hanlith Swincliffe Yockenthwaite Throxenby Stonegate Skipton-on-Swale Holme Fewston Ilton Booze Bouthwaite Stackhouse Nawton High Harrogate High Hawsker Dalton Langbar Hudswell Stainton Middleton-on-Leven Thorns Marrick Aislaby Bolton Percy Grewelthorpe East Marton Ivelet Weston Farnham Ickornshaw Moor Monkton Moor Beal Weeton Bagby Jennyfield Leathley Gerrick Langcliffe Briggswath Leake Osgodby South Stainley Denton Pannal East Hauxwell Woodlands Tollerton Appletreewick Hew Green Angram West End East Loftus Beadlam Thornton-le-Moor Cotterdale Oakdale Sutton-in-Craven Nunwick Kirby Misperton Woodhall East Barnby Bilton Haggs Thorganby Bilton in Ainsty Whitley Bridge Lease Rigg Studley Royal North Deighton Stearsby Warthermarske Whitwell Dalton-on-Tees Low Marishes Braidley Padside Green Hemingbrough Mill Hirst Ellerburn Norton-le-Clay Settle Thirlby Moxby Danby Eston Newhay Cubeck Church Fenton Lothersdale High Birstwith Ure Bank Rainton Kearton Borrowby Nidd Allerston Carthorpe Leyburn Sneatonthorpe Morton-on-Swale Clapham Husthwaite Fearby Newland Langton Wath Firby Hutton Gate High Marishes Harmby Upper Poppleton Old Byland Little Fenton Wrelton Foxholes Howgill Seamer Sedbusk Goathland Gayle Airy Hill Wescoe Hill Seave Green Thorlby Appleton Roebuck Catterick Bridge Marton Aldborough Barlow Moor End Saxton Kilton Gristhorpe Markington Thorpe Underwood Newton-on-Ouse Low Hawsker Kearby Town End Smallways Acklam Liverton Pickhill Whitley Thorpe Kirkby Mills Appleton-le-Moors Thimbleby Bishop Monkton Old Thirsk Burnt Yates Duggleby Kettlewell Greenhow Byland Abbey Newby High Worsall Langthorne Long Preston Ellingstring Kilnsey Cobby Syke Brawith Yearsley Heslington Water Houses Brown Bank Gunnerside High Ellington Helm Thorpe Bassett Gayles Walshford Cold Cotes Heworth Boulby Wharfe Salton Kirklington Dunnington Killerby Well Elvington Hackness Chop Gate Robin Hood's Bay Thornton Rust Appleton Wiske Spennithorne Whenby Azerley Longscales Ramsgill Brompton-by-Sawdon Hornby Lockton Normanby Myton-on-Swale Raygill Richmond Castle Bolton Ebberston Muker Horton in Ribblesdale Foredale Little Crakehall North Lees Potto Thornton Watlass Austwick Grantley Hall Birstwith Thornton-le-Street Keldholme Dunkeswick Scaling Marton-in-the-Forest Copt Hewick Bland Hill Hackforth Flawith Ravensworth Clifton Bridgehouse Gate Settrington Filey Langthorpe Eldroth Bewerley Fangdale Beck Lowna Ainderby Quernhow Amotherby Crambe Tunstall Storiths Snape West Scrafton Shaw Green Langthwaite Hellifield Green Harwood Dale Low Green Melmerby West Appleton Cock Hill Hill Top Hut Green Woodale Tame Bridge Blades North Cowton Little Stainforth Hebden Caldwell Brackenbottom Normanby Bellerby Linton Thorpe Wood Osmotherley Thornton-le-Dale Stutton West Witton Satron Briscoerigg Hutton Buscel Sicklinghall Over Silton Low Mill Sowerby Warlaby West Ness Low Gate Studley Roger Ormesby Walden Ellerton Raw Shawfield Head Irton Askwith East Heslerton Eastby Newton Morrell Raskelf Skewsby Low Laithe Grimston Roxby Bolton Abbey Goldsborough Brotherton Croft-on-Tees Ingleton Coniston Cold Glaisdale Chapel Haddlesey North Kilvington Castleton Starbotton Birdforth North Skelton Marton-le-Moor Eppleby Heyshaw Rawcliffe Potter Brompton Rudby Upper Helmsley Whitby Rievaulx Gillamoor Stainsacre Great Barugh Hunmanby Fishpool Sessay Carlton in Cleveland Summerscales Brawby Ingmanthorpe Bagby Grange Scruton Tang Hall Thruscross Barton Bolton-on-Swale Simonstone Linthorpe Maunby Westerdale Nunnington Bilton Firby Middleton Quernhow Feetham Branton Green Kirkbymoorside Grangetown Cross Lanes Deighton Harome Hensall Cawood Calton Hutton Sessay Skelton Burton in Lonsdale North Duffield Scagglethorpe Lower Westhouse Rufforth Baldersby Sherburn New York Dalton Coulby Newham West Stonesdale Hawnby Eryholme Lealholm Side Murton Cockayne Kiplin East Lutton Menethorpe Swinithwaite Leighton Brotton Dacre Banks Kennythorpe Thornton-in-Craven Wake Hill Nether Poppleton Brompton Winterburn Wykeham Speeton Hartlington Arkle Town Fewston Bents Great Broughton Tockwith Byram Wharram Percy Chapel Fields Westow Thornborough Kirby Wiske Overton Dale End Town Head Arrathorne Myton Hall Rookwith Butterwick Thoralby Rowden Weaverthorpe Thixendale Hunsingore Middlesbrough Little Habton Masham Sutton Runswick Bay Rathmell Stape Drebley Helwith Bridge Greystonegill Rosedale Abbey Westfield Layerthorpe Rossett Green Malham Gill Healaugh Kildwick Winton Little Ribston Spaunton Walkerville Upsall Thornton in Lonsdale Burton Salmon Warrenby Gargrave Lealholm Easby Greygarth Castley Upleatham Skinningrove Keld Houses Muston Mickley Fryton Kirk Hammerton Seamer Great Habton Stockton on the Forest Giggleswick York Gilling West Coatham Yafforth West Ayton Womersley