Do I need an accountant to prepare accounts? Or, Do I need an accountant to file company accounts? Or, Do I need an accountant to sign off business accounts? Or, Do I still need an accountant if I use Quickbooks? Xero? Clearbooks? Sage? Or any accounting software? The approach to using an accountant or a […]
COMPANIES HOUSE REQUIREMENTS FOR A SMALL COMPANY : The two main filing requirements for Companies House are The Confirmation statement (previously Annual Return) The Accounts What is the confirmation statement? A confirmation statement is a snapshot of a company’s information at the made-up date. It is a separate document from a company’s annual accounts. Every […]
While most companies now have to give more info on their abbreviated accounts to the Companies House, many companies can qualify to submit accounts as a micro-entity. According to the gov.uk, Micro-entities are very small companies. Your company will be a micro-entity if it has any 2 of the following: a turnover of £632,000 or less […]
If you are not using an accounting software because your affairs are simple, you will still need to keep records of your books. We have made this simple Sales and debtors record template that will allow you to keep track of your sales invoices and end of the month or end of the year give you […]
Here’s a simple bookkeeping template we have developed which can be easily used by anyone who has basic understanding of Excel spreadsheets.
The directors of a company are required to prepare Accounts for each financial year of the company. The accounts should include: (a) a balance sheet as at the last day of the financial year; and (b) a profit and loss (c) Notes to the accounts
Statutory Accounts are accounts which must be prepared annually. These accounts are sent to HMRC, Companies House as well as shareholders.
Here we run down page-by-page what’s included in the Statutory Accounts format.
Whether you use spreadsheets or Accounting software never assume you can rely on the numbers at the end of the year without doing some basic checks.
Assets are things owned by a company, a country or an individual which hold some monetary value. Assets can be further categorised into two types: non-current assets (fixed assets) and current assets.