Limited companies are required to produce a set of annual accounts that are submitted to Companies House and which form the basis of the tax return that is sent to HMRC.
Sole Traders and Partnerships are not required by law to produce a set of accounts however these should be produced to monitor the performance of your business and also to provide the figures that will be used on your Self-Assessment tax return
Businesses can benefit greatly from the information contained within the annual accounts as it provides a crucial insight into how your business is performing. It is essential that annual accounts are produced accurately and professionally to comply with the legislation imposed and to also allow you to make the correct financial decisions for your business.
CJR Financial offer a professional and affordable service that can accurately produce annual accounts in line with legislation. Get in touch us with us here or call us on 01476 589340 to arrange your free initial consultation.