Professional Company Accounts in Poolend

Get in touch

Company Accounting in Poolend

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 Poolend

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 ST13 8

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