Accounts – Company and Management Accounts
If you are looking for a reliable, efficient accountancy firm to prepare your company accounts at the end of the financial year, we can certainly help. As well as accounts preparation we can also make your finances clear and simple to understand, which can help with any major business decisions you may need to make.
We can handle any kind of accounts requests, tailored to your specific business requirements.
Management Accounts do not follow any specific rules or formats. Management Accounts are accounts that are prepared for the management team of a business, so that they can understand the precise financial situation of the company. They are not mandatory, but they can be very useful in making key decisions that affect the future of the business.
As they do not follow a template, we can draw up Management Accounts to your exact specifications. You tell us exactly what you want covered and we will endeavour to create a report that is understandable and comprehensive.
Statutory Accounts are the required reports prepared annually by any limited company that detail any financial actions taken by the business within the prior year. The primary aim of Statutory Accounts is to provide information and updates to your shareholders, HMRC and Companies House.
Statutory Accounts do not need to detail every single financial transaction, but rather a summary of the company’s overall income, expenses, and profit, as well as showing it’s assets and liabilities at the reporting date. We can make sure your Statutory Accounts are prepared correctly, in the correct legal format, so that they are clear and compliant.
Micro Entity Accounts
We can help any business with their accounts, including Micro Entity companies. These are limited companies with any two of the following:
- A turnover of £632,000 or less
- Less than (or equal to) £316,000 on the balance sheet
- 10 employees or fewer
Micro Entity Accounts do not need to be as detailed as for other larger companies, so they allow more privacy of your company finances. We can make sure your company accounts are prepared in the correct way for the size of your business.
If you want assistance with accounts preparation, please get in touch to find out how we could help.