Accounts

Prepared in the right way, company accounts are a vital tool to help your business run. They provide valuable information for forward planning and decision making, as well as a means to communicate the success of the business.

Francis James & Partners LLP

Accounts

Keeping track of your finances is crucial to the well-being of your business because making informed decisions is impossible without up-to -date financial data. Because we get to know our clients and businesses, we are ideally placed to prepare and interpret your accounts in the context of your business needs and the specific environment you operate.

As well as needing your accounts to meet your statutory requirements (such as HMRC and, Companies House, we aim to use the process  to discuss with you,  your plans for the future and to ensure you are prepared to meet your goals.

What are a set of accounts?

Your accounts are a report based on the book keeping of your business. What’s included depends on the type of company and its needs. 

Statutory, otherwise known as year-end accounts are strictly governed by the International Financial Reporting Standards, or UK Generally Accepted Accounting Practice. The information that must be recorded include a profit and loss account, a balance sheet, notes about the accounts, a director’s report and in some cases an auditors’ report.

Who needs a set of accounts?

Most businesses are required to produce a set of Statutory accounts. These accounts will form the basis for the tax return that tells HMRC how much tax is owed.

In addition to being a yearly legal requirement, there are vast amounts of information contained within a set of accounts that can be utilised to improve a business, so in many cases it is advisably to get accounts produced monthly or quarterly. 

Our accounting services include:

  • Completion of Limited company accounts 
  • Sole trader and partnership accounts (including completion of tax returns)
  • Community Interest Companies
  • Management accounts
  • Accounting system (IT) advice
  • Completion of Limited company accounts 
  • Sole trader and partnership accounts (including completion of tax returns)
  • Community Interest Companies
  • Management accounts
  • Accounting system (IT) advice

How we can help

Accounts preparation is a core part of our business and we pride ourselves on being able to meet your needs promptly and efficiently. 

Related Services

Tools