All companies are required to submit annual returns (now known as confirmation statements) and annual accounts each year with HMRC & Companies House, and much else besides. We can help with this time-consuming process to stay compliant.
Here is a detailed look at our process:
- We will prepare the company accounts in accordance with FRS 102, generally accepted accounting standards from the books, accounting records and other information and explanations provided to us by you and/or by others on your behalf.
- We have a professional duty to compile accounts that conform with generally accepted accounting principles. Where we identify that the accounts do not conform to generally accepted accounting principles or standards, we will inform you and suggest amendments be put through the accounts before being published. We have a professional responsibility not to allow our name to be associated with accounts that may be misleading. In extreme cases, where this matter cannot be resolved, we will withdraw from the engagement and notify you in writing of the reasons.
- To ensure that anyone reading the accounts is aware that we have not carried out an audit, we will attach to the accounts a report stating this fact.
- The intended users of the report are the directors. The report will be addressed to the directors.
- We will prepare a computation for corporation tax purposes adjusted in accordance with the provisions of the Taxes Acts.
- We will prepare the corporation tax return (form CT600), together with the supporting corporation tax computations; these will be sent to you for your approval and signature prior to submission to Companies House.
- We will prepare & submit your annual accounts (now known as confirmation statement) after your approval.
Where you have instructed us to do so we will provide such other taxation ad hoc and advisory services as may be agreed between us from time to time. These services will be subject to the terms of this engagement letter and standard terms and conditions of business unless we decide to issue a separate engagement letter. An additional fee may be charged for these services. Examples of such work include:
- advising on ad hoc transactions and queries (including telephone conversations).
To enable us to carry out our work, here's what we'll need you to do:
- keep proper accounting records that disclose with reasonable accuracy at any particular time the financial position of the business;
- make available to us, as and when required, all the company’s accounting records and all other relevant records and related information;
- prepare a record of capital introduced and all financial transactions undertaken by the directors;
- maintain records of all receipts and payments of cash;
- maintain records of invoices issued and received; and
- as part of our normal procedures we may request you to provide written confirmation of any oral information and explanations given to us during the course of our work.