Statutory Accounts for Limited companies

We are team of experts accountants and financial advisors.

Statutory Accounts for Limited companies

If you choose AH Accountants as your Limited Company Accountants we can provide you with an end to end service to make your Limited Company run like clockwork, get great management information and make sure that you are as tax efficient as possible.

We use new technology including online accounting to make our relationship with you as efficient and streamlined as possible. We can deal with HMRC on your behalf and make sure that all your Statutory Requirements are met. Our accountants have many years of experience giving great advice and support to businesses just like yours. For a limited company, you need to have accounts produced in a particular format to comply with the companies act.

AH Accountants has a team of qualified accountants, who properly check and prove your figures before preparing and analysing a compliant set of accounts, corporation tax computation and corporation tax return. We offer a full corporation tax planning service designed to make sure that you don’t pay any more corporation tax than you need to.

Legal Benefits of Limited Company

There are many benefits of trading as a Limited Company as opposed to being self-employed even if you are only just starting out. One of the fundamental benefits is that it keeps the finances of your Limited Company separate to your personal finances meaning that if the worst happens and you must wind up your company, your personal finances should not be affected.

Tax Benefits of Limited Company

There are many potential tax benefits of your business trading as a Limited Company as opposed to being self-employed/sole trader. If you use AH Accountants as your Limited Company accountant, we can give you advice on structuring your Limited Company in the most tax efficient way.

There are many ways of increasing tax efficiency in a company. Among them are spouse share ownership and setting salary and dividend payments at the optimum level using pension pay.

Extra Compliance of limited Company

Running a Limited Company does come with extra legal responsibilities for the Directors of the Company. Companies House keeps a record of all the Limited Companies in the UK. Along with filing Annual Accounts at Companies House there is also information to be filed about the standing data and ownership of the Company.

If details or ownership change Companies House must be updated. An Annual Corporation Tax return must be filed with HMRC along the Payroll and VAT filings that apply to all businesses. If you choose to use us as your Limited Company Accountants, we can put together a package that covers all these requirements leaving you to get on with running your Company.

Technology Focused

Because we are at the cutting edge of technological changes, AH Accountants can process more detailed accounts, more efficiently than traditional accountants. Because of a series of legislative changes including the recent Making Tax Digital legislation, many of the more traditional accountants are not able to keep up with the pace of change. If you are using an accountant that is not on top of these changes, you risk leaving yourself open to investigations by HMRC.

Fully Qualified

It is worth noting that a large proportion of accountants are not qualified, this is because of the lack of regulation within the industry. The result is that most accountants won’t be able to properly prepare compliant accounts, leaving you exposed to HMRC, Companies House and any creditors/lenders in the future.

How we make it easier

AH Accountants holds your hand throughout the entire statutory accounts production process. We do this by breaking down the requirements into simple, understandable and actionable steps. You won’t get long emails filled with jargon; we prefer a more personal approach. We keep a dialogue with our clients throughout the year, making sure that everything is being done correctly along the way. This means that there are no stressful sprints to meet deadlines, and as much as possible is done ahead of time.

Business Analysis

We take your statutory accounts and tax planning a step further. We analyse and interpret the data and explain, in plain English, what actions should be taken as a result. This could highlight key issues such as overtrading or potential future cash flow issues. This foresight allows you to take measures so that you are not in a situation where your business is at risk.

Because we prepare your accounts at year-end, rather than 9 months after (which is the statutory deadline and norm in most accounting firms) we can provide valuable insights that are current. This early preparation, coupled with business analysis, means that you have enough time to take the necessary steps to avert any problems.

Save Money

The use of technology means that AH Accountants take less time to produce better accounts, saving you money in accounting fees. In addition to this, our proactive tax planning aims to cut the cost of your corporation and personal tax bill.