Professional Company Accounts in Checkley

Get in touch

Company Accounting in Checkley

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 Checkley

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 ST10 4

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 Checkley (Staffordshire)

Get in touch

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


Skip to

Gallery

Other locations available for professional company accounts
Ranton Shawfield Hartwell Woollaston Crateford West Hill Woodmill Bradwell Croxden Hardings Booth Prestwood Rocester Tutbury Bentilee Stanfield Cotton Townsend Burton Manor Churchbridge Draycott in the Clay Fawfieldhead Billington Gailey Wharf Congreve The Sale Dunkirk Winnothdale Hollinsclough Armsdale Oldfurnace High Onn Wharf Woodcock Heath Bolehall Cheadle Holmcroft Cats Edge Summerhill Hockley Huntington Cotes Pershall Endon Brown Lees Trescott Lower Hatton Norton Green West Chadsmoor Streethay Codsall Wood Barton Green Halmer End Whitehill Blore Barton Turn Cotonwood Carroway Head Hawks Green Dunstall Far Hoarcross Hopedale Green Heath Norton-in-the-Moors Whittington Alton Edingale Basford Green Middleton Green Garmelow Upper Landywood Coxgreen Ash Bank Great Wyrley Werrington Horton Bowers The Laches Himley Perry Crofts Painleyhill Laney Green Fisherwick Muckley Corner Dosthill Hill Ridware Wheaton Aston Cheddleton Heath Flash Yoxall Greenhead Dimsdale Prospect Village Haughton Forton Hollins Essington Church Mayfield Salt Longbridge Hayes Sandfields Dunstal Draycott in the Moors Aston Great Saredon Marchington Wood Gate Pasford Bucknall Chestall Little Saredon Millmeece Upper Hatton Seabridge Beamhurst Back o'th' Brook Woodcroft Barton-under-Needwood Chesterton Heighley Lupin Bickford Cauldon Newborough Rock End Teanford Boothen Scot Hay Seisdon The Leys Olive Green Hobble End Colwich Longridge Horsebrook Little Chell Swynnerton Milwich The Bratch Knightley Dale Offleyhay Coton Broomyshaw Forebridge Keele Sturbridge Little Stoke Ecton Great Moor Bond End Oulton Grange The Blythe Hopwas Quarry Heath Mow Cop Walk Mill Hanbury Woodend Hollington Stadmorslow Blank Bank Chorley Woodhouses Church Leigh Knutton Lask Edge Brineton Moddershall Hansley Cross Knypersley Lower Green Brazenhill Acton Lower Penn Sandon Stowe-by-Chartley Cloud Side Newchurch Newcastle-under-Lyme Meir Burston Northwood Broughton Winnington Wetley Rocks Townend Oakamoor Crowborough Nurton Lower Elkstone Rugeley Leamonsley Grindon Horninglow Upper Nobut Old Perton Kingsley Moor Stonefield Somerford Meir Heath Florence Hatherton Bromstead Common Threapwood Beamhurst Lane Fenton Low Longdon Bridgtown Grindley Breretonhill Outwoods Lynn Deadman's Green Miles Green Bishop's Offley The Bents Hilderstone Lawnhead Park End Armshead Shareshill Ridgeway Hoar Cross Denford Wallbridge Park Knowl Wall Gospel End Village Creswell Efflinch Checkley Oulton Heath Brinsford Waggersley Offleyrock Ellastone Stockton Brook Longnor Pattingham Birchall Ashwood Knighton High Onn Jack Hayes Bradley Ellenhall Birch Cross Chatterley Dresden Loggerheads Croxton Willslock Alstonefield Norton Bridge Milford Tatenhill Fenton Cracow Moss The Handfords Apeton Crakemarsh Bilbrook Sutton Hanchurch Redhill Alder Moor Heron Cross Swindon Trentham Mile Oak Field Lower Leigh Yarnfield Beffcote Newtown Wrinehill Kidsgrove Bromley Hall Napley Heath Stretton Shelton under Harley Beaconside Greensforge Croxtonbank Newfield Sugnall Creighton Baldwin's Gate Hope Scounslow Green Westlands Penkhull Ashley Dale Hayes Dogingtree Estate Prestwood Napley Waterfall Godleybrook Etruria Rileyhill Pasturefields Morrilow Heath Consall Dods Leigh Berry Hill Stramshall Gayton Heath Hayes Orslow Wigginstall Cold Well The Alders Walton-on-the-Hill Ford Oldfallow Slitting Mill Poolend Hem Heath Sharpley Heath Withystakes Town Head Stonnall Knowl Bank Biddulph Moor Offleymarsh Footherley May Bank Gorsty Hill Talke Pits Stretton Cat's Hill Cross Clifton Campville Gunstone Washerwall Otherton Ingestre Copmere End Hill Chorlton Brocton Wootton Abbots Bromley The Shruggs Lowe Hill Burntwood Green Anslow Gate Morridge Side Middleport Baddeley Green Pipe Ridware Mayfield Heaton Newtown Stoke-upon-Trent Newton Hurst Queensville Triangle Adbaston Quarry Hill High Town Coppenhall Chadsmoor Mount Pleasant Oulton Toot Hill Blackfords Acton Trussell Hints Burntwood Orgreave Blymhill Lawns Callingwood Landywood Norton East Blythe Marsh Stonehouses Upper Longdon Grub Street Cheadle Park Gnosall Fradley Junction Barton Gate Lane Ends Rodbaston Coton Hulme End Butterton Harper's Gate Lower Nobut Hill Top Leadendale Blymhill Hopton Newstead Lichfield Oaken Stallington Bromley Wood High Offley Gailey Alsagers Bank Hazlecross Leys Moneystone Little Madeley Coton in the Clay Pitts Hill Bramshall Roche Grange Glascote Fradswell Sandonbank Porthill Farley Ashley Heath Springhill Blackbrook Kingstone Cross Heath Featherstone Farewell Longsdon Haregate Plardiwick Standon Hednesford Ubberley Goosemoor Anslow Kerry Hill Borough Park Little Heath Coldmeece Brereton Gospel Ash Coven Leekbrook The Marsh Great Gate Mavesyn Ridware Burybank Wereton Bignall End Nethertown Wychnor Bridges Coton Westwood Orton Trent Vale Heatley Little Sugnall Great Bridgeford Ravenscliffe Cannock Wood Smestow Hazelslade Apedale Normacot Goldenhill Whitley Heath Upper Elkstone Little Onn Oakley Whittington Blount's Green Hales Coldham Warstone Upper Hulme Admaston Woodhouse Green Church Eaton Hardings Wood Hookgate Rough Hay Basford Branston Pye Green Kinver Chesterfield Brockton Butters Green Totmonslow Fazeley Ramshorn Burton upon Trent Birchendale New Street Hollins Stockwell Heath Rumer Hill Caverswall Rakes Dale Morrey Sandford Hill Meretown Moss Pit Knightley Stourton Gerrard's Bromley Denstone Outlands Chasetown Blithbury Drayton Bassett Waterhouses Newton Kiddemore Green Potteries, The Clayton Bradley in the Moors Brown Edge Fradley South Winshill Tunstall Brookhouses Endon Bank Stone Longton Cresswell Oak Hill Walton Whitgreave Robin Hill Bloreheath Enville Oxford Combridge Stowe Woodwall Green Wilnecote Needwood Wall Cookshill Newchapel Horse Bridge Little Ingestre Kingswood Common Stone Heath Blurton Elmhurst Upper Cotton Audley Cheddleton Cranberry Coven Lawn Shutt Green Radmore Wood Braddocks Hay Amerton Butter Bank Trysull Little Haywood Northwood Balterley Heath Chapel Chorlton Leyfields Wetton Hammerwich Woodend Belgrave Mossgate Hademore Silverdale Stapenhill Cauldon Lowe Coton Clanford Coven Heath Withington Middle Mayfield Betley Gillway Foxley Bradeley Maer Moor Green Shenstone Woodend Comberford Netherland Green Freehay Rakeway Swinscoe Wildwood Shelton Red Street Whiston Four Ashes Shaffalong Doley Bitterscote Shallowford Rickerscote Rolleston on Dove Blackshaw Moor Lea Heath Sandyford Alrewas Lightwood Stanley Moor Ford Green Amington Thorncliffe Dayhills Hanley Wood Eaton Wetmore Milldale Norton Canes Rake End Buddileigh Pillaton Marston Aston Tunstall Dales Green Brund Little Bridgeford Boley Park Mitton Burslem Doxey Barnfields Weaverslake Balterley Green Onecote Marsh Green Hanford Wychnor Hulme Wood Lane Ravenshall Shraleybrook Hixon Four Crosses Rownall Overmoor Sideway Lower Knightley Threelows Hilton Sandborough Coton Hayes Broad Heath Wombourne Hollies Common Mill Green Weston Jones Warslow Stableford Rangemore Coton Hill Shenstone Hawthorns Moreton Froghall Crackley Cheslyn Hay Gnosall Heath Seighford Milton Fulford Crossgate Little Aston Eccleshall Weston Under Lizard Woodlane Littleworth Ashley Lower Stonnall Upper Ellastone Broad Meadow Blythe Bridge Edial Bradshaw Brereton Cross Hamstall Ridware Cotes Heath Colton Fegg Hayes Holt Hill Hazles Shut Heath Moreton Turnhurst Mucklestone Adderley Green Norbury Calf Heath Bar Hill Madeley Sneyd Green Sidway Slade Heath Kingsley Norbury Junction Woodhouses Beasley Dilhorne Whiston Charnes Stanley Oultoncross Weeping Cross Curborough Quixhill Trinity Fields Standeford Whitemoor The Toft Blore Weeford Packmoor Birches Head Harlaston Biddulph Dunston Heath Booth Outwoods Parkside Dapple Heath Chatcull Clay Mills Gorstey Ley Drointon Churnet Grange Hodgefield Bednall Head Cannock The Hollands Creswell Dagdale Longport Longshaw Hyde Lea Kettlebrook Walford Stoke-on-Trent Cellarhead Uttoxeter Long Compton Butterton Tillington Longdon Green Whitmore Four Ashes Hilliard's Cross Calton Jugbank Butt Lane Stafford Dunwood Blakeley Lane Tatenhill Common Finney Green Great Chell Chell Heath Knenhall Fole Saverley Green Marchington Woodlands Fairoak Wootton Coombesdale Blundies Meaford Penkridge Hollins Little Hay Beam Hill Thorpe Constantine Overton Tompkin Lightwood Light Oaks Highfields Leycett Colshaw Leek Loxley Green Knotbury Harriseahead Goosemoor Green Hollybush Gallows Green Mobberley Nurton Hill Fradley Cross Green Springhill Dunsley Levedale Cornhill Gratwich Bromstead Heath Great Chatwell Iverley Stubwood Gillow Heath Bobbington Tithebarn Hadley End Nether Stowe Littleworth End Whitecross Little Wyrley Rudyard Beech Littlewood Boscomoor Acres Nook Derrington Abbey Green Newpool Balance Hill Rowley Park Middle Madeley The Rookery Bradnop Western Downs Lane Green Burnhill Green Tamworth Oulton Hanbury Fauld Roughcote Bishton Rough Close Overley Boon Hill Bonehill Giggetty Onneley Haunton Hartley Green Kingsley Holt Smallthorne Middle Cliff Hopton Heath Upper Tean Tittensor Chebsey Bank Top Stanton Poolfold Brampton, The Park Lane Ranton Green Tixall Lapley Rushton Spencer Shobnall Two Gates Gentleshaw Almington Risingbrook Cotwalton Clough Hall Middle Hill Aston-By-Stone Bottom House Halfpenny Green Wain Lee Longnor Slindon Handsacre Pipehill Baswich Great Haywood Whittington Castletown Sheen Bishops Wood Garshall Green Woodseaves Balterley Spath Creswell Green Red Bull Springfields Wigginton Forsbrook The Rowe The Heath Weston Coyney Meerbrook Foxt King's Bromley Croxall Hartshill Upper Leigh Wimblebury Far Ley Blakeley Marston Etchinghill Compton Coalpit Hill Church Hill Podmore Highlanes Ilam Woottons Thornes Wolstanton Dam Mill Chase Terrace Ounsdale Baddeley Edge Newlands Madeley Heath Cobridge Stanshope Perton Allimore Green Ryecroft Gate Boundary Talke Lower Ellastone Aldershawe Wetwood Barlaston Newtown Ball Haye Green Weston Beechcliff Armitage Aspley Smallrice Ball Green Huntley Brewood Shebdon Betley Common Ipstones Codsall Darnford Abbey Hulton Huddlesford Dunston Rawnsley Walton Lower Tean Bednall Bagnall Owen's Bank Littleworth Winkhill Elford