We commence work on Annual Accounts well in time to beat deadlines comfortably. The timely submission of the accounts to Companies House and the CT600 (Corporation Tax) to HMRC ensures that penalties for late filing are avoided.
Our services include the following:
- Profit & Loss statement
- Balance sheet
- Control accounts, lead schedules
- Timely submission to Companies House & HMRC
Accounting services, in addition to meeting compliance requirements helps businesses with invaluable information in the reports that will help in planning and keeping the financial health of the company in better shape. At Target Accounting, our professional teams of accountants help companies with crisp reports that are collated from the year end accounting submissions. While companies are fully aware that delayed filing invites penalties, many still end up rushing in at the last moment or after the deadline. This is entirely because of stretching resources and a lack of adequate professional knowledge of statutory requirements in filing. Additionally, many companies lose sight of the fact that non-filing of year end accounts can be deemed to be a criminal offence which can result in the company finding itself removed from the public register.
We have considerable experience in various accounting standards that may be necessary for entities of different sizes – for instance the FRSME (Financial Reporting Standards for Medium-Sized Entities) and the FRSSE (Financial Reporting Standards for Smaller Entities). Our services are comprehensive, offering ultimate convenience and full compliance for the clients. The nature of services and the allotment of resources to handle the requirements are dynamic, as per specific requirements in terms of technicalities and volume.
For instance, businesses that are regarded as Medium Size Entities will require reconciliation, financial statements, trial balance, statutory schedules, records of transactions as per various standards, including GAAP.
Year accounts filing is more complex in nature, and an in-house accountant, handling many responsibilities related to routine activities may not be in a position to complete all formalities on time and in an accurate manner.
Our professional and dynamic service offerings ensure that year end accounts is not the end of anything, but a beginning to a future of better financial health and complete compliance.