Accounts Preparation Thorpe Bay

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

Company Accounts Preparation in Thorpe Bay

As a company owner, you’ll know that accounts are one of the most arduous, and often complex, jobs you can do. What’s more, there’s pressure to get them just right, as company accounts are a legal document, and there can be ramifications if you don’t complete the process accurately.

So, with this in mind, why would you put yourself through the stress of completing your own company accounts? The intelligent move is to pass this painstaking job over to the professionals, such as MCL, allowing you to get on with the day-to-day running of your business.

We’ll complete the process in accordance with FRS102 Sec1A or FRS105 for Micro Entities requirements, plus you can be sure we’ll follow all best practices. The result? Your accounts will be prepared to the highest standards and with the accuracy you’d expect of a legal document.

Company accounts must be prepared every year by all limited companies, and they must then be submitted to both Companies House and HMRC. They give a complete overview of the company’s accounts for the entire year and enable a business to compute its corporation tax liability which is payable to HMRC within 9 months of the company’s financial year-end date.

What’s more, company accounts are a public record, allowing anyone to view a company’s financial state of affairs. Making a public record of accounts is a legal responsibility that can’t be shirked.

To prepare accounts, we require you to provide us with records of all financial transactions throughout the year, regardless of size. We also need to receive copies of all relevant bank statements from the year. If you use accounting software, we’d also request access to this, as being able to use it will significantly reduce the time taken to complete the accounts.

Once you have provided the requested documents, we’ll handle the rest. This means that we’ll prepare your accounts accurately and without fuss and then submit them correctly to Companies House and HMRC.

What Are Company Accounts?

Why Use MCL for Company Accounts Preparation?

You might be thinking that you would rather do your company accounts yourself, as many others do each year. However, there are many advantages to using a professional service for accounts preparation, which outweigh the associated costs.

Benefits of using MCL Accountants to prepare your company accounts include:

– Save money. Many people only see the cost of getting professionally prepared accounts. However, the savings your company will make on its tax bill usually vastly outweigh them. We know exactly how to minimise your tax liability while still staying within the law, meaning our service is certainly worth it from a financial point of view.
– Accurate business overview. As you know, if you’re going to run an effective business, you need to have a great financial understanding of every facet. This is something professionally prepared company accounts will give you.
– Enhanced performance. Correctly compiled accounts allow you to evaluate your business honestly. Which departments are proving most lucrative? Which outgoings could be reduced? Strategic decisions are much easier to make with a full financial overview available.

If you’re looking to find a reputable accountancy firm serving Thorpe Bay and the wider area, look no further than MCL. Our team has the knowledge and experience needed to prepare even the most complex of company accounts, ensuring the end product is both accurate and legal.

We work with businesses of all sizes, from local companies to multinationals, tailoring each package to suit the needs of the individual client.

Why not get in touch today and find out how we can help you with your company accounts? Just call on 01702 593029 or email us using the contact form.

Get Company Accounts Prepared by the Experts Today

Company Accounts Preparation FAQs

If you’ve got a question about our company accounts preparation service in Thorpe Bay, take a look through the FAQs below, as you might find the answer you need.

How do I know if my company needs to prepare accounts?

Quite simply, all companies registered in the UK are legally required to prepare accounts every year. This is even the case for dormant companies and those not yet trading. If you are a sole trader, you will not need to prepare accounts, but you will need to file a self-assessment tax return every year.

Can I prepare company accounts myself?

Yes, you can prepare company accounts yourself. However, we don’t recommend it, as the process can be complex and must be completed accurately. Work with a professional and you can be sure your accounts will be accurate, as well as filed in accordance with all laws and regulations.

When do accounts need to be submitted by?

Accounts must be submitted to Companies House within nine months of your financial year ending and within 12 months to HMRC. If you do not file your accounts on time, you are likely to receive financial penalties.

What other areas does MCL cover?

As well as Thorpe Bay, we also cover all of Essex, as well as some parts of Greater London. We currently have clients from Brentwood, Chelmsford, Romford, Southend, Basildon and more.

How much does company accounts preparation cost?

We work out the cost of company accounts preparation on a case-by-case basis. This is because the work required to complete accounts can vary massively from company to company. By providing tailored quotes, we manage to keep prices fair for all clients.

Get in touch if you need further advice, have any questions about our company accounts preparation service or would like a FREE consultation