At Smith Allen Chartered Accountants, we provide comprehensive annual accounts preparation services tailored to meet the needs of sole traders, partnerships, and limited companies. Our expert team ensures that your financial statements are accurately prepared in compliance with UK regulations, helping you maintain financial clarity and statutory compliance.
Statutory Accounts for Limited Companies
Every limited company in the UK is legally required to prepare and file statutory accounts with Companies House and HMRC. Our services ensure your accounts are prepared in accordance with UK Generally Accepted Accounting Principles (UK GAAP) or International Financial Reporting Standards (IFRS), where applicable. We handle the entire process, from bookkeeping to final submission, ensuring compliance with the Companies Act 2006 and other regulatory requirements.
Annual Accounts for Sole Traders and Partnerships
For sole traders and partnerships, accurate financial records are crucial for tax returns and business decision-making. We prepare income statements, balance sheets, and tax computations, ensuring your accounts reflect a true and fair view of your business finances. Our expertise helps you meet HMRC obligations while identifying opportunities for tax efficiency.
Our Annual Accounts Services Include:
- Preparation of year-end financial statements
- Compliance with UK GAAP and statutory requirements
- Filing with Companies House and HMRC for limited companies
- Tax computation and submission to HMRC
- Profit and loss statements for sole traders and partnerships
- Guidance on allowable expenses and tax-saving opportunities
- Support with Making Tax Digital (MTD) compliance
Why Choose Us?
- Expert Knowledge: Chartered accountants with in-depth UK financial and tax expertise.
- Tailored Service: Solutions customised for your business size and industry.
- Compliance & Accuracy: Ensuring your accounts meet statutory and regulatory requirements.
- Proactive Advice: Helping you plan ahead for tax efficiency and financial stability.
Contact us today to discuss your annual accounts preparation and statutory accounts needs. Let us help you stay compliant and financially organised, so you can focus on growing your business.
Smith Allen Chartered Accountants 