Company Accounts

Company Accounts

No matter what size of company you need to prepare annual accounts. Accounts need to be submitted to the inland revenue and companies house 9 months after the year end. Failure will lead to fines, penalties and interest on late tax. It may also lead to criminal prosecution by companies house.

Company accounts are typically 12/15 pages long and depending on the size of business must disclose certain information by law. They are prepared based on historical cost convention utilising accruals and prepayments. The Tax is calculated differently and therefore it is essential you have a working knowledge of what is tax deductible and what isn’t . Assets are also treated differently and allowances and more favourable in the 1st year.

Costs typically depends on the size of Business or condition of the records however at Britannia Crest we are offering an fixed price deal on businesses with a turnover of £250,000 or less at £49.00 per month. This type of deal is unique to Britannia Crest and cannot be found anywhere else in the UK. Records can take any form i.e sage, quickbooks, excel, cash book, or any other paper records.