01707 855000
Our year-end accounts services are specifically tailored to meet your business needs.
As you would expect, we will prepare your financial statements and calculate your tax liabilities.
However, we go further by performing an annual financial wellbeing check to identify any potential weaknesses are highlighted, whilst maximising any opportunities for cost reductions and enabling the most tax efficient method of profit extraction.
Our year end accounts services include:
Financial Statement Preparation
Preparing your year-end financial statements, following UK Generally Accepted Accounting Practice (UK GAAP) or International Financial Reporting Standards (IFRS) where applicable.
Accruals and Prepayments
Reviewing your financial transactions and identifying any necessary accruals or prepayments to ensure accurate representation of your financial position and performance at the year-end.
Fixed Asset Register
Maintaining an accurate fixed asset register, recording the acquisition, depreciation, and disposal of fixed assets which ensures proper valuation and presentation of your assets in the financial statements.
Tax Considerations
Ensuring your year-end accounts are prepared in a tax-efficient manner, producing relevant financial information for tax computations and preparing your tax returns.
Accounting Adjustments
Making necessary accounting adjustments to reflect any changes in accounting policies, estimates, or errors identified during the year-end process, in accordance with UK accounting requirements. This ensures consistency and accuracy in your financial reporting.
Director’s Report and Annual Returns
We can help you prepare the Director’s Report and ensure compliance with statutory requirements under the Companies Act. We also assist with the preparation and submission of your confirmation statement to Companies House.
Review and Analysis
Reviewing your financial statements, identifying areas for improvement, potential risks, and opportunities, and providing insights to support decision-making and strategic planning.
Our experienced accountants will guide you through the process, ensuring that your year-end reporting obligations are met on accurately and on time, ensuring your business remains compliant.