Professional Company Accounts in Clay Mills

Get in touch

Company Accounting in Clay Mills

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 Clay Mills

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 DE65 6

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