The Annual Accounts Process
- Ideally, we’d handle your bookkeeping from day one. That way we can ensure all your records are up to date and reconciled. But, if you’d prefer to handle it yourself, that’s OK too.
- From there, we’d prepare all the important stuff like your balance sheets, profit and loss and cash flow statements ahead of the deadlines.
- Once we have your approval, we’ll file the accounts with Companies House, it’s as easy as that.
How we help with Annual Accounts
We can’t promise you a solid 8 hours of sleep, but our accountants can certainly take a weight off your shoulders…
We can’t promise you a solid 8 hours of sleep, but our accountants can certainly take a weight off your shoulders…
It’ll also mean that everything will be ready for us to prepare your accounts when the time comes.
On top of that, you’ll get quarterly catch-ups full of useful business advice and tax planning tips.
More than just the numbers
Make sense of the numbers and have the jargon explained to you by an expert.
So you can look at your numbers proactively rather than retrospectively.
With a fully digital accountancy function, you’ll be putting Rachel Riley to shame with your understanding of the numbers.
What Are Annual Accounts ?
Known to some as "Statutory Accounts", Annual Accounts are the important financial reports that show a company's financial performance over the course of a year.
Annual Accounts includes a balance sheet, a profit and loss statement, notes to the financial statements, cashflow statements, and any statements of changes in equity.
If you’re a UK business, all limited companies are legally, yes, legally required to file Annual Accounts to Companies House and HMRC.
Annual Accounts are at the core of businesses across the UK!
What's the difference between Annual Accounts and Financial Statements?
Annual Accounts include a balance sheet, profit and loss statement, cashflow statement and director's report. They're often used for informing decisions, making tax calculations and working out how sustainable a company is.
Financial Statements dive a little deeper and cover revenue, assets, expenses and liabilities. They uncover how a business operates, and are often used by investors.
In comparison, Annual Accounts are used by a wider audience including employees, customers and the public.
What are the benefits of outsourcing my Annual Accounts?
Outsourcing can come with lots of benefits, the main two being, cost and time. If you're doing it yourself, then that's valuable time away from your business. If you're paying someone in-house, you could be be paying more than necessary.
There’s also the bonus of industry knowledge that accountancy firms hold and have built up across a wider breadth of clients. It also gives you the freedom to be able to scale as you grow.
Often business owners try to juggle everything themselves thinking they’re saving money. But often it’s more expensive, as your time is precious and better spent on more important tasks.
Some reports suggest outsourcing can save 30%-50% compared to in-house. Food for thought.
Top Quality Annual Accounts
Meet Neil Ormesher, CEO of Accounts and Legal who ensures our Accounts service is the best in the industry. (Don’t just take our word for it, check out our reviews)
Neil has been in accountancy for over 25 years, and as a fully qualified accountant, both CTA and FCCA who has worked his way up the ranks – he knows a thing or two about helping businesses.
Neil and the team are responsible for ensuring our clients get the best service, helping them understand their numbers, and achieve their business dreams.
Our Offices
We have locations in 4 cities!
Manchester office: 81 King St, Manchester M2 4AH
London office: Hop Exchange, 24 Southwark St, London SE1 1TY
Liverpool office: Tea Factory, 82 Wood St, Liverpool L1 4DQ
Brighton office: Mocatta House, Trafalgar Pl, Brighton and Hove, Brighton BN1 4DU
Call us at 0333 344 0144
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