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HMRC require all businesses to prepare annual accounts to support the information on personal and corporate tax returns which have to be submitted to them.
Normally preparation of a profit & loss account and a balance sheet is required.
Limited Companies must prepare a full set of statutory financial statements by law. Primarily, this is required for shareholders however, sometimes third parties will also request copies of these accounts.
Limited Companies must submit statutory financial statements to Companies House. Depending on the size of the limited company it is often possible to submit Abbreviated Accounts so as to minimise financial information disclosure.
Limited Liability Partnerships (more commonly known as LLP’s) must prepare a full set of statutory financial statements. These are primarily for the partners use but may be requested by other third partners.
LLP’s must submit financial statements to Companies House. Dependant on the size of the business it is often possible to submit Abbreviated Accounts to minimise financial information disclosure.
In some cases other third parties may require copies of Annual Accounts e.g. lenders.
All that remains is for me to thank you and your team, particularly Craig, Debbie and Sally. I have received great service and good advice over the last 17 years from you all. I wish you all the best for the future. View More
All that remains is for me to thank you and your team, particularly Craig, Debbie and Sally. I have received great service and good advice over the last 17 years from you all. I wish you all the best for the future.
Thanks for the support so far, that first meeting in the office was incredible, it is clear that you know your stuff and that gave me confidence to work with GRANTS. View More
Thanks for the support so far, that first meeting in the office was incredible, it is clear that you know your stuff and that gave me confidence to work with GRANTS.
Credit especially to Barbara-Ann, Lynne and Jennifer. They have made my life very easy. Will carry on recommending you guys to anyone new to contracting and anyone looking for a change. View More
Credit especially to Barbara-Ann, Lynne and Jennifer. They have made my life very easy. Will carry on recommending you guys to anyone new to contracting and anyone looking for a change.
Can I also please put on record my sincere thanks to you and the rest of the team for your excellent service to date and also providing these accounts so timeously to help us out as we are currently remortgaging. Much appreciated! View More
Can I also please put on record my sincere thanks to you and the rest of the team for your excellent service to date and also providing these accounts so timeously to help us out as we are currently remortgaging. Much appreciated!
Thank you for the continued excellent service you have provided, in particular your quick responses to the many requests for support at short notice that I have sent. View More
Thank you for the continued excellent service you have provided, in particular your quick responses to the many requests for support at short notice that I have sent.