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Bookkeeping & Annual Accounts
Keeping up-to-date accounts is crucial for the smooth running and operations of your business, regardless of size, whether you are a Sole Trader, Limited Company or partnership.
Keeping up to date accounts will help you to get a good understanding and financial overview of your business at any one given time, and these could be required at any point of the year by your bank, silent partners for a company or if you are a sole trader and require a personal loan for example.
Annual accounts will help you (the business owner) to make decisions in the best interest of yourself and your business and can highlight problems within your business before they get out of hand, but on the lighter side they can also tell you if you’re business is highly profitable. This is where our tax specialists come in and suggest ways of minimising your tax bill while still in the financial year.
Cash Flow Statement
This statement shows the cash inflows and outflows of the company over a specific period in an easy-to-follow format, this can help you forecast better for the following year.
Tax Liability
From your accounts, we look for ways to minimise your tax liability, whilst staying within the law, of course.
Income Statement
This statement shows the company's revenue, expenses, and net profit or loss over a specific period. It provides an overview of the company's financial performance. Again, this can help you better prepare for the year ahead especially if you are looking to expanding.
Balance Sheet
The balance sheet represents the company's financial position at a specific date. It includes assets (such as cash, inventory, and property), liabilities (such as loans and accounts payable), and equity (owner's or shareholder's investment).
A professional accounting team, with experience in every trade and industry offering a great service at unbelievable prices.
Sole Traders
Whether you’re a brick layer or a consultant, you can be sure that we are the right people to handle your tax and accounting affairs as we have years of experience dealing with all trades and industries. Simply bring your books to us, in whatever state they may be in and we will do the rest.
Limited Companies
Limited companies are a big part of our business. We deal with sole director Limited Companies all the way up to multi-million pound companies with many employees, below the audit requirement of course. How many other local accountancy companies can say that?
Using the latest and greatest software available, we can manage the accounts production for your Limited Company and file them electronically saving time and showing competency to the bodies that require your accounts annually.
Partnerships
We handle many partnerships every year and can produce accounts exactly the way you would like them. From a simple income/expenditure set of accounts to a highly detailed balance sheet with a statement of profit or loss.
One of the ways we may suggest to save you money is to form a partnership (if you’re a sole trader). This means that we can split the profit you’re making between yourself and a partner.
