Professional Company Accounts in Combridge

Get in touch

Company Accounting in Combridge

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 Combridge

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 ST14 5

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