What are annual accounts?
Annual accounts are a summary of the financial activity of your business over the last 12 months which are required to be submitted to HMRC and Companies House each year, including a Profit and Loss Account, Balance Sheet and Cash Flow Statement.
Who needs to submit annual accounts?
Any individual or small to medium-sized business earning income outside regular employment including:
- Sole traders
- Contractors
- Partnerships
- Limited liability partnerships
- Limited companies
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How can Downham Associates help?
Our experienced team of qualified accountants can provide advice and support throughout the year and at the year-end will:
- Check financial records for accuracy
- Produce a full set of annual accounts for your business
- Submit accounts to Companies House
- Submit to HMRC along with all relevant tax returns
- Guide you through the process including Self-Assessment
- Ensure compliance and that all necessary deadlines are met
Get in touch with Downham Associates
Contact us for more information about our services.