year-end accounts &

auditing

statutory accounts for all business shapes and sizes

Every business, whether it be a sole trader, partnership, company, LLP, or charity, is required to prepare a set of year-end accounts. Sole trader and partnership accounts are lodged with HM Revenue and Customs, along with your individual tax returns. If you are a limited company or an LLP, then you are required to prepare accounts that must be filed with Companies House in a statutory format. Whilst charity accounts will have to be lodged with the relevant governing body

Whatever business you are, we can help you by preparing your statutory accounts in the correct format and filing them accordingly.

As well as meeting with you throughout the year, we also believe it is important to meet every year-end to discuss the year-end results. It’s a good time to monitor the prior year’s performance and to determine what targets were achieved. It can also help you to set budgets and targets for the next year and allow us to proactively work with you on any tax planning issues.

We have a niche specialism in the audit of property service charges on behalf of landlords and tenants. Our clients include large shopping centres and office blocks throughout the UK.

Our team examines invoices, receipts, and accounting records to ensure the service charges you pay are accurate, fair, and in line with the terms of your contract or lease. We can identify errors, overcharges, duplicate charges, or costs that shouldn’t have been passed on to produce a report highlighting findings and potential savings.

We have often found errors, which, when corrected, have led to many thousands of pounds being recovered by the service charge from suppliers.

If you are a limited company and you meet two of the following criteria then you are entitled to an audit exemption:

Annual turnover is no more than £15 million
Balance sheet is no more than £7.5 million
Number of employees less than 50

If you do not meet two of these criteria then it is a legal requirement to have your annual statutory accounts audited. However, in some instances, even if the company qualifies for audit exemption there could still be occasions when you are required to have an audit. You can also have an annual audit voluntarily.

Whilst we no longer offer audit we do work closely with other firms to reduce the burden for you as an owner.

Don’t take our word for it…

Here’s what our clients have to say about our year-end accounts and auditing services: