Directors of limited companies in the UK have to prepare and issue limited company accounts to the company’s shareholders that need to comply with the Companies Act and Generally Accepted Accounting Practices we at KR Accountants specialize in preparing accounts for small and medium sized companies.
Company Accounts have to be filed each year with Companies House and these accounts provide a summary of the financial performance of the company for the period concerned and a “snapshot” of its balance sheet.
These limited company accounts are also known as statutory accounts. Statutory accounts are by definition what is required by law to report the financial performance and financial position of a business to the stakeholders of the business.
If you are classified as a small company by the companies act you are not required to use a qualified accountant but KRA ……. Accountants as qualified accountant recommend that you do so that you can ensure you comply with all the complex accounting rules involved in preparing your limited company accounts.
Another benefit of using Accountants are that your company accounts can be used as a basis to support an application for borrowing if required.
In addition we at KR Accountants will be able to interpret your company accounts and discuss the financial performance of the company and help you develop your business strategy from a financial perspective.
How we can help
If you would like to discuss any of the above please contact KR Accountants so we can arrange a No obligation FREE initial meeting to carry out a business review were we will offer you a FIXED FEE accountancy service with no hourly charges or hidden costs.