Accounts Preparation in Leigh-on-Sea

for companies of all sizes and in line with all best practices

Company Accounts Preparation in Leigh-on-Sea

Company accounts must be submitted every year by all UK registered companies. If you’ve previously compiled them, you’ll know how time-consuming and frustrating the process can be, which is why we’d recommend handing the job over to accounting professionals, such as our team here at MCL Accountants in Leigh-on-Sea.

We’ve been preparing company accounts for several years and have worked with companies of all sizes, from local businesses to nationally recognised names. We work to ensure all accounts are prepared perfectly in line with Financial Reporting Standards, whether they be FRS102 Sec 1A or FRS105 for Micro Entities. This means that you’ll receive perfectly prepared accounts accepted by both Companies House and HMRC.

Put simply, company accounts are a financial report on the state of your business. They are prepared primarily to comply with statutory obligation of calculating the corporation tax return owed by the company to HMRC, submit a company tax return to HMRC, as well as to provide a public record of accounts to Companies House. It is a legal requirement that all registered companies complete company accounts annually.

In order to accurately prepare your company accounts, we’ll need information on all incoming and outgoing payments, which will ideally have been recorded by a professional bookkeeper. We’d also appreciate access to any accounting software used by your company, such as QuickBooks or Xero. When we’ve prepared your accounts, we will send them to Companies House and HMRC on your behalf, to ensure they’re submitted in the correct manner.

Explained: Company Accounts Preparation

Why Use MCL for Accounts Preparation?

There are several reasons why so many companies choose to use MCL for accounts preparation. However, the most important is undoubtedly the fact that we can usually save considerable sums in tax, using our deep knowledge of accounting to make sure you pay the minimum tax possible, while also remaining well within the law.

It’s also advisable to use a professional because company accounts are such important documents. They can be used by companies to inform major decisions and provide an overview of the company’s financial state. What’s more, company accounts are a legal document, therefore using a professional ensures they’re prepared accurately and that no legal issues arise.

Many are reluctant to receive professional help, concerned about the cost. However, it’s often the case that a good accountant can save you more than they charge, making them an asset to your business and not a cost.

Are you thinking about contacting an accountant to prepare your company accounts? If so, you’ll find we have a solution for every size of business, from smaller entities to large national corporations. We’ll carry out all accounts preparation within the law and minimise your tax return, all while remaining competitively priced.

We also offer several other services as well, including bookkeeping and VAT returns. Why not take a look at the other accounting services we offer and see if you can combine different options to create one handy accounting package?

If you’d like to find out more about our accounts preparation service, or any of the other services we provide, please don’t hesitate to call on 01702 593 118 or send us a message on our contact page.

Contact Us for Professional Account Preparation in Leigh-on-Sea

Company Accounts Preparation FAQs

If you’ve got a question about accounts preparation in Leigh-on-Sea, please look through the FAQs below. If you don’t find the answer you need, please don’t hesitate to call or email one of our team members.

If you have a company registered in the UK, it must submit accounts to Companies House and HMRC. Failure to do so can result in fines and even prosecution.


Please note that sole traders and partners do not need to submit accounts. Instead, they are required to complete a self-assessment tax return – something we can also help with here at MCL Accountants.

You are legally permitted to compile and submit your company accounts yourself, but we would urge against this. Company accounts are legal documents that must be completed in line with the law. Submitting incorrect documents could result in legal issues. What’s more, incorrectly compiled accounts will be of minimal use to your company in the decision-making process.

Companies House must receive your company accounts within nine months of the end of your financial year. HMRC must receive them within 12 months of the end of your financial year. Late submission can lead to significant fines.

We cover all the local area, including Southend, Rochford, Rayleigh, Thorpe Bay and Shoeburyness. We also work with businesses further afield, throughout Essex and into East London. Contact us today if you’re unsure as to whether we cover your area.

Our service is a bespoke one, with quotes tailored to each client. We do this as accounts preparation can differ from company to company. By tailoring our quote to each individual client, we ensure everyone pays a fair, yet still competitive, price.

Get in touch if you need further advice, have any questions about our accounting services in Leigh-on-Sea or would like a free consultation

MCL Accountants Leigh-on-Sea