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Annual Accounts Service in the UK

What Are Annual Accounts?

Annual accounts reports provide a detailed summary of your business's financial performance. Our expert team ensures accurate, compliant accounts, saving you time and helping your business develop. Trust us for seamless and reliable financial reporting.

Financial Overview

Annual accounts give you a clear picture of your business's financial status.

Compliance and Transparency

Preparing annual accounts is often a legal requirement for businesses.

Informed Decision-Making

Understanding your financial performance helps you identify areas for improvement and growth.

Performance Tracking

Annual accounts allow you to track your business’s performance over time.

Why Choose Our Annual Accounts Preparation Service in the UK

Expertise You Can Trust

Our experienced team ensures accurate and compliant annual accounts reports customised to your business needs.

Time-Saving Solutions

We handle all aspects of your accounts, allowing you to focus on growing your business.

Maximised Savings

Our professionals identify tax-saving opportunities to help you retain more of your hard-earned money.

Complete Support

We offer additional bookkeeping and VAT services for a complete financial solution.

Audited & Unaudited Annual Accounts

Experience financial transparency with our Audited and Unaudited Annual Accounts report services. Whether you require a thorough audit for compliance or a streamlined unaudited report, our expert team is here to help. Our customised approach meets your unique business requirements, allowing you to focus on growth while we handle the complexities of your financial reporting. Choose us for reliable, efficient annual accounts that increase your financial clarity.

For businesses that do not require an audit for compliance or external reporting purposes, unaudited accounts provide a smooth approach to understanding financial performance without unnecessary complexity.

Who we support

We provide customised Annual Accounts services to diverse clients, including:

Expert Annual Account Advice for Tax Savings & Financial Compliance

We offer expert annual accounting advice to help you navigate your financial responsibilities with confidence. Our knowledgeable team provides personalised guidance on record-keeping, ensuring your financial documents are accurate and organised throughout the year. In addition to our core services, we provide valuable insights on tax planning, helping you identify deductions and credits that can save you money. We also keep you informed about important deadlines and compliance requirements, including our bookkeeping and VAT services in the UK, so you never miss a submission. With our support, you can make informed decisions that enhance your financial health. Trust us to be your partner in achieving your accounting goals while effectively managing your VAT obligations.

Personal Annual Accounting Services - Final Account Solutions for Your Finances

We provide personalised annual accounting services that simplify your financial tasks. Filing personal tax returns can be huge, but our team makes it easy for you. Whether you're a self-employed sole trader, have foreign income, or receive payments from the UK while living abroad, we’ve got you covered. Our dedicated professionals ensure accurate record-keeping and timely submissions, including expert VAT services. We also offer comprehensive bookkeeping and VAT services in the UK, allowing you to focus on what you do best. With our support, you can be confident that your personal accounting needs are handled efficiently, giving you peace of mind throughout the year.

Expert Annual Account Advice for Tax Savings & Financial Compliance

Our Accurate Annual Account Tasks service is designed to ensure your financial records are precise and reliable. We understand that accuracy is crucial for your business’s success, and our dedicated team is committed to maintaining the highest standards in all accounting processes. From meticulous record-keeping to thorough financial analysis, we handle every detail with care.

We prepare and review your annual accounts to ensure compliance with regulations, minimising the risk of errors. Our experts also provide clear reports that help you understand your financial position better. By choosing our service, you can trust that your accounts are accurate, allowing you to make informed decisions for your business. Let us take care of the numbers while you focus on achieving your goals!

Reach us today.

If you want to take your accounting work to the next level, then reach us today without wasting time.

Gives us a Call

0208 8611685

Send me Mail

info@phs-uk.co.uk

Frequently Asked Questions

Annual accounts, also known as statutory accounts, are financial documents that summarise a company's financial activities over a specific period, usually one year. These accounts are essential for reporting to Companies House and HM Revenue and Customs (HMRC). They typically include a balance sheet, profit and loss account, notes about the accounts, and sometimes a director's report.

Yes, you can prepare your company accounts in the UK. However, while it's possible, many business owners choose to hire an accountant to ensure accuracy and compliance with legal requirements. An accountant can help navigate complex regulations and provide valuable insights into your financial situation.

Balance Sheet: Shows what the company owns (assets), owes (liabilities), and the net worth (equity) at the end of the financial year. Profit and Loss Account: Details the company's income, expenses, and profit or loss over the year. Notes to the Accounts: Provide additional context and explanations about specific figures in the accounts. Director’s Report: Summarises the company’s performance and future outlook (unless exempt).

Financial statements are a broader term that includes various reports like balance sheets and profit and loss accounts. Annual accounts specifically refer to the complete set of financial statements prepared at the end of a company's financial year for submission to Companies House and HMRC. In essence, all annual accounts are financial statements, but not all financial statements are annual accounts.

Reading annual accounts involves understanding key components: Balance Sheet: Look at assets vs. liabilities to gauge financial health. Profit and Loss Account: Check revenue against expenses to see if the company is profitable. Notes: Read these for context on accounting policies or unusual transactions. Director’s Report: This section provides insights into management's view on performance and plans. By focusing on these areas, you can get a clear picture of a company's financial status and performance over the year.

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PHS Associates Acc & Co is led by a skilled team with expertise in Accounting, Taxation, Payroll, Business consultancy, and Company secretarial services.

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