Professional Company Accounts in Horsebrook

Get in touch

Company Accounting in Horsebrook

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 Horsebrook

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 ST19 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 Horsebrook (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
Armsdale Fegg Hayes Grub Street Farewell Town Head Pitts Hill Etchinghill Draycott in the Moors Smallrice Featherstone Carroway Head Freehay Hopedale Ravenscliffe Bilbrook Belgrave Shenstone Woodend Knotbury Longnor Baswich Birchendale Woodseaves Coton Clanford Whitmore Orslow Tatenhill Norton East Hill Chorlton Little Hay Stadmorslow Ash Bank Oakley Bromstead Common Bradshaw Croxall Wigginstall Weston Under Lizard Uttoxeter Hollins Halmer End Stapenhill Pasturefields Blythe Marsh Levedale Knowl Bank Hulme End Great Wyrley Woottons Napley Heath Four Ashes Mobberley Gayton Bagnall Abbey Green Gorstey Ley Tillington Callingwood Teanford Upper Tean Cross Heath Doxey Orton Moddershall Kinver Armitage Beasley Woodcock Heath Hollington Painleyhill Beam Hill Mayfield Wrinehill Himley Stanley Moor Marston Wolstanton Tutbury Cold Well Milton Bramshall Bromley Hall Poolfold Upper Nobut King's Bromley Chestall Chesterfield Clough Hall Crossgate Aldershawe Red Bull Haunton Basford Green Burntwood Green Gunstone Tunstall Overley Foxt Dunston Forsbrook Littleworth End Sturbridge Cotes Heath Meerbrook Oldfurnace Highlanes Trentham Sutton Pattingham Park Lane Scot Hay Drayton Bassett Hilliard's Cross Leek Blore Oxford Brund Florence Beamhurst Lane Middle Hill Knightley Dale Coxgreen Checkley Woodhouses Gerrard's Bromley Onneley The Bratch The Toft Cellarhead Oulton Coton Hill Upper Hulme Far Hoarcross Coppenhall Marchington Woodlands Rowley Park Cotton Talke Pits Heaton Blount's Green Nethertown Gratwich Woodwall Green Overton Dapple Heath Holt Hill Old Perton Knowl Wall Hadley End Two Gates Hanchurch Lower Green Brockton Moneystone Dunstal Pipehill Brineton Chesterton Foxley Rodbaston Norton Canes Stanton Edingale Dam Mill Aston Wombourne Baddeley Edge The Laches Wootton Quarry Heath Boscomoor Perton Queensville Clay Mills Wall Endon Milwich Anslow Gate Etruria Brinsford Gillow Heath Abbey Hulton Bradeley Winkhill Weaverslake Sandyford Sneyd Green Shraleybrook Hope Hopton Heath Newton Hurst Trent Vale Tunstall Halfpenny Green Nurton Hill Lowe Hill Blymhill Stourton Great Chatwell Shelton Laney Green Bridgtown Breretonhill Bowers Cauldon Tatenhill Common Lane Green Wychnor May Bank Otherton Heath Hayes Anslow The Heath Jack Hayes Horsebrook Newtown Middle Madeley Swinscoe Gailey Shelton under Harley High Town Hardings Wood Rugeley Rocester Hazlecross Middleport Rudyard Bromley Wood Stoke-on-Trent Stockwell Heath Crowborough Weeford Hixon Lichfield Burnhill Green Longridge Longport Winnington Park End Bignall End Handsacre Apedale Bloreheath Burton upon Trent Great Chell Cotwalton Rolleston on Dove Darnford Billington Baldwin's Gate Warstone Hobble End Longnor Balterley Blythe Bridge Stanshope Charnes Little Aston Upper Leigh Grindley Combridge Needwood Ellastone Barton Gate Hilton Potteries, The Froghall Nether Stowe Ilam Quixhill Tamworth Kingsley Holt Chapel Chorlton Walton Keele Porthill Walton-on-the-Hill Fradley South Kerry Hill Huntington Elford Hollybush Little Saredon The Blythe Dunstall Owen's Bank Lupin Birch Cross Knightley Outlands Ravenshall Townend Colwich Hyde Lea Woodend Hookgate Denford Boothen Coton Hales Outwoods Rownall Ashwood Saverley Green Dunkirk Springhill Sandford Hill Light Oaks Trinity Fields Enville Blank Bank Farley Clifton Campville Werrington Beech Hartley Green Hartshill Kiddemore Green Butt Lane Burslem Stone Heath Prospect Village Poolend Highfields Coton Heatley Bobbington Ashley Heath Edial Calton Brereton Cross Bromstead Heath Croxden Burntwood The Marsh Blakeley Lane Smallthorne Huddlesford Newborough Little Stoke Tompkin Chatterley Clayton Whitemoor Endon Bank Alrewas Bar Hill Sharpley Heath Stonehouses Godleybrook Almington Cross Green Millmeece Rough Hay Olive Green Cobridge Withystakes Cotes Jugbank Wigginton Somerford Whittington Field Cheddleton Salt Little Onn Lask Edge Blackfords Lapley Woodlane Codsall Barlaston Ryecroft Gate Horton Rileyhill Ramshorn Sidway Fulford Newtown Marchington Chebsey Gorsty Hill Bednall Head Cannock Wood Dimsdale Walford Spath Blurton Trysull Bond End Hanley Morridge Side Congreve Biddulph Moor Offleymarsh Finney Green Swynnerton Boundary Sugnall Triangle Ridgeway Hill Top Hopton Colshaw Willslock Thorncliffe Wilnecote Shobnall Dagdale Pye Green Waterfall Washerwall Rumer Hill Huntley Broad Heath Wallbridge Park Meir Heath Morrey Ipstones Marsh Green Penkhull Ingestre Roughcote Gnosall Heath Churchbridge Stanfield Shareshill Butters Green Upper Cotton Lower Elkstone Forton Hilderstone Ellenhall Hanbury Stonnall Basford Balance Hill Harriseahead Glascote Little Ingestre Wetton Mill Green Acton Hademore Bishops Wood Shaffalong Chase Terrace Overmoor Upper Ellastone Walk Mill Hints Talke High Onn Derrington Robin Hill Stonefield Dunwood Creswell Newtown Sideway Cotonwood Ashley Dale Knenhall Offleyhay Mossgate Alton Stoke-upon-Trent Madeley Heath Shebdon Beffcote Ranton Rakeway Tittensor Beechcliff Weston Jones Long Compton Hanbury Woodend Churnet Grange Plardiwick Madeley Longsdon Sandon Seabridge Boley Park Bradwell Elmhurst Lower Leigh Garshall Green Brampton, The Little Chell Bishop's Offley Coalpit Hill Cranberry Allimore Green Prestwood The Rowe Burston Longton Tithebarn Shawfield Great Saredon Little Haywood Upper Landywood Hazelslade Landywood Hatherton Little Wyrley Haughton Alstonefield Hammerwich Miles Green Bentilee Perry Crofts Quarry Hill Shenstone Church Eaton Great Moor Brereton Woodhouse Green Dosthill Sandonbank Rangemore Rushton Spencer Meir Leycett Stowe-by-Chartley Creighton Ecton Dunston Heath Moss Pit Totmonslow West Hill Loggerheads Goldenhill Whitley Heath Little Madeley Burton Manor Threelows Westlands Scounslow Green Newfield Heron Cross Whittington Upper Elkstone Leamonsley Podmore Normacot Admaston Fradswell Hazles Ubberley Bickford Brown Lees Silverdale The Alders Deadman's Green Norton Green Leadendale Bonehill Dresden Acres Nook Red Street Kingswood Common Aspley Westwood Netherland Green Consall Goosemoor Green Threapwood Church Mayfield Chorley Green Heath Essington Pipe Ridware Blackshaw Moor Brown Edge Rawnsley Norton Bridge Cracow Moss Gospel End Village Flash Little Heath Muckley Corner Hamstall Ridware Butterton Coven Lawn Hansley Cross Chasetown Drointon Footherley Calf Heath Cloud Side Crateford Cheddleton Heath Pillaton Hulme Burybank Mile Oak Draycott in the Clay Blithbury Meretown Townsend Mow Cop Borough Park Loxley Green Stowe Warslow Oulton Heath Coton Hayes Biddulph Leys Acton Trussell Woodmill Chatcull Dogingtree Estate Standeford Western Downs Gentleshaw Fradley Junction Moor Green Wood Eaton Shut Heath Kettlebrook Coven Heath Cheadle Park Meaford Goosemoor Whiston Leyfields Onecote Bradley Streethay Stockton Brook Crakemarsh Berry Hill Knutton Hopwas Fazeley Lower Hatton Hem Heath Knighton Hednesford Oak Hill Booth Harper's Gate Wereton Orgreave Forebridge Norbury Mavesyn Ridware Weeping Cross Packmoor Rake End Pasford Boon Hill Shutt Green Offleyrock Stanley Lynn Butterton Stubwood Hill Ridware Woodcroft Broad Meadow Mucklestone Cannock Great Gate Newstead Ashley Lower Ellastone Brocton Rakes Dale Roche Grange Lower Stonnall Wootton Slade Heath Oldfallow Birches Head Giggetty Mitton Winnothdale Upper Hatton Bolehall Hartwell Cats Edge West Chadsmoor Cookshill The Handfords Norbury Junction Blore Barton Green Woollaston Ford Great Haywood Walton Turnhurst Alsagers Bank Haregate Chadsmoor Sandfields Northwood The Shruggs Redhill Risingbrook Woodhouses Betley Stretton Pershall Castletown Hollies Common Coldmeece Hollins Efflinch Whiston Oultoncross Braddocks Hay Wood Gate Barton-under-Needwood Morrilow Heath Fauld Stafford Apeton Cheslyn Hay Betley Common Ford Green Kingsley Moor Stone Bradley in the Moors Dilhorne Stableford Blymhill Lawns Upper Longdon Oakamoor Coton in the Clay Dods Leigh Moreton Newchapel Adbaston Longdon Green Curborough Croxton Nurton Brookhouses Prestwood Brazenhill Middle Mayfield Horninglow Barton Turn Sandborough Stallington Birchall Stretton Yoxall Fawfieldhead Coldham Lea Heath Crackley Armshead Cat's Hill Cross Lawnhead Fole Branston Slindon Middle Cliff Hoar Cross Parkside Four Ashes Ball Haye Green Eccleshall Oulton Grange Blackbrook Gillway Greensforge Longshaw Coombesdale The Bents Thorpe Constantine Hardings Booth Holmcroft Seisdon Hayes Coton Milford Beaconside Broughton Hawks Green Winshill Mount Pleasant Croxtonbank Kidsgrove Thornes Abbots Bromley Dunsley Broomyshaw Bank Top Creswell Rough Close Lightwood Blakeley High Offley Hanford Wheaton Aston Weston Coyney Comberford Compton Wetmore Whitecross Hawthorns Wetwood Church Leigh Codsall Wood Garmelow Fenton Low Outwoods Rock End Smestow Beamhurst Newton The Sale Stramshall Bishton Bradnop Bucknall Little Bridgeford Wood Lane Oaken Middleton Green Seighford Lower Penn Dayhills Wain Lee Leekbrook Bitterscote Slitting Mill Far Ley Standon Summerhill Longbridge Hayes Longdon Lower Nobut Aston-By-Stone Marston Coven Newpool Church Hill Amerton Doley Denstone Cresswell Barnfields Dales Green Kingsley Wimblebury Yarnfield Ranton Green Butter Bank Waterhouses Lower Knightley Radmore Wood Littlewood Weston Knypersley Norton-in-the-Moors Swindon Wychnor Bridges Baddeley Green Four Crosses Copmere End Horse Bridge Hodgefield Bednall Hollinsclough Newlands Springfields Iverley Ball Green Ounsdale Gailey Wharf Gallows Green Cauldon Lowe Greenhead Wildwood The Rookery Chell Heath Wetley Rocks Audley Colton Little Sugnall Great Bridgeford Rickerscote Toot Hill Balterley Heath Fairoak Whitgreave High Onn Wharf Heighley Littleworth Hockley Sheen Balterley Green Trescott Lower Tean Whittington Cheadle Oulton Moreton Springhill Cornhill Grindon New Street Alder Moor Northwood Lane Ends Fenton Milldale Hollins Brewood The Hollands Buddileigh Withington Gospel Ash Lightwood Creswell Green Blundies Napley Harlaston The Leys Gnosall Newcastle-under-Lyme Caverswall Tixall Amington Kingstone Newchurch Fisherwick Littleworth Shallowford Penkridge Maer Adderley Green Fradley Whitehill Waggersley Back o'th' Brook Bottom House Aston