Company Accounts Preparation

Accountants for Annual Accounts

Directors of limited companies are legally required to prepare the company’s annual accounts, including the balance sheet, profit and loss statement, and cash flow statement, for shareholders, bankers, and other financiers. These statutory accounts provide a detailed and accurate summary of the company’s financial performance and position at the end of its financial year.

Your company’s accounts must be filed with Companies House within nine months and one day after the accounting reference date (ARD), marking the end of the accounting period. Additionally, the accounts and the accompanying company tax return must be submitted to HMRC within 12 months of the end of the accounting period for corporation tax purposes. Preparing accurate year-end accounts is essential for compliance with legal requirements and for company directors to make informed decisions regarding the business’s financial health and strategic planning.

At AMS Accountancy, we understand that company directors are often busy managing business operations, so we offer a comprehensive company accounts preparation service to save you time and reduce hassle. Our expert team can handle everything from gathering your accounting records and preparing statutory accounts to filing annual accounts with Companies House and HMRC. This includes producing the profit and loss statement to accurately reflect your company’s financial activities and the director’s report to summarise the company’s performance.

How We Prepare Your Accounts

Accounts preparation is an ongoing process that benefits from a deep understanding of your business and its unique needs. Leveraging the expertise of our chartered accountants and adherence to accounting principles and international financial reporting standards, we ensure your accounts are prepared in full compliance with the Companies Act 2006 and relevant accounting standards.

Our service includes delivering a full annual report, which may incorporate an auditor’s report if required, along with recommendations to improve your company’s financial reporting and management accounts. By consistently managing this process for numerous clients, we streamline the year-end procedure and proactively address potential issues, ensuring a smooth accounting period close for your finance team.

Accounting terminology and statutory requirements can often be complex and confusing for business owners. We prioritise clear communication and provide straightforward explanations of your accounts, helping you understand your company’s balance sheet totals, profit and loss outcomes, and overall financial position.

AMS Accountancy’s team of qualified professional accountants is equipped to prepare accounts for private limited companies, dormant company accounts, micro-entities, and very small companies alike. Whether you require assistance for your first accounting period or ongoing support, we ensure your accounts preparation aligns with legal requirements and best practices, allowing you to focus on growing your business.

Dealing with HMRC and Companies House

Our service encompasses preparing your statutory accounts and company tax returns, which we submit to your company’s board of directors for approval before filing with Companies House and HMRC. We also provide guidance on corporation tax payments and deadlines.

Should HMRC raise any queries regarding your accounts or tax returns, we promptly resolve disputes, ensuring your company remains compliant with all legal obligations. Our expertise in handling audit exemptions, abridged accounts, and micro-entity filings means you receive tailored support that fits your company’s size and status.

Who We Help

We provide accounts preparation services to a diverse range of businesses and organisations across the UK, including:

• Private limited companies

• Dormant companies

• Sole traders

• Partnerships and limited liability partnerships

• Charities and not-for-profit organisations

• Community interest companies

• Clubs and associations

• Pension schemes

No matter your organisation’s size or sector, our accounts preparation service guarantees your company’s accounts are accurate, compliant, and valuable tools for monitoring financial health and supporting informed decision-making and strategic planning.

If you’d like a free consultation, don’t hesitate to reach out and contact us. You can call us on 01793 818400, or alternatively email us at admin@ams-accountancy.co.uk