Accounts Preparation For Limited Companies

Our accounts preparation for limited companies in Medway, Swale and Kent simplifies the process of preparing, reviewing, and filing the company accounts.

We ensure that your company accounts are compliant with legal and regulatory requirements and provide a clear picture of the financial position of your company.

How we prepare your limited company accounts

1. Gathering Financial Records

Our team collect all relevant financial data for the year including income and expense records, bank statements, invoices, receipts, details of assets and liabilities, and any loan or lease agreements. We ensure that all records are maintained accurately because these form the foundation for reliable accounts and compliance with HMRC audits.

2. Preparing Financial Statements

We prepare statutory accounts-also known as annual accounts or financial statements. These will include:

• A balance sheet, showing assets, liabilities, and equity at the year-end.
• A profit and loss account, detailing income, expenses, and profit or loss for the year.
• Notes to the accounts, providing additional context and explanations.
• A director’s report (unless the company qualifies as a micro-entity)

Also, we ensure these statements adhere to either International Financial Reporting Standards (IFRS) or UK Generally Accepted Accounting Practice (UK GAAP), as mandated by the Companies Act 2006.

3. Review & Accuracy Checks

Our team meticulously review the accounts, checking for errors or inconsistencies. If we find any inaccuracies, we can work together to correct them and prevent costly fines and regulatory issues.

4. Filing and Submission

When the accounts and finalised and signed by the company director, we submit them to Companies House and HMRC with the deadlines. Also, we provide copies for distribution to shareholders and others entitled to attend company meetings.

Contact us about your limited company accounts