Statutory Accounts

profit and loss statement

Overview

A company is required to prepare statutory accounts in compliance with Companies Act and Financial reporting standards. In today’s completive market, most accounting firms are faced with the challenge of minimising their cost of producing a set of accounts & corporation tax returns while maintaining the quality.

Our services

With our expertise in the field of accounts and taxation, we ensure that the accounts produced are accurate and comply with all the requirements of UK GAAP, FRS (as applicable) including the disclosures. We have been preparing statutory accounts & corporation tax returns for various accountancy firms including one of the top 50 firms in the UK and small & medium size companies in UK. Over the last one decade, we have processed thousands of statutory accounts& CT returns for these firms and we take pride in the fact that they choose us over our competitors for the service we deliver. We have expert knowledge of accounting software’s like CCH, VT software, Digita, Caseware and IRIS.

Our Statutory Accounts service includes:

Reminders to request the information required.

Preparing statutory accounts from trial balance provided by you. Alternatively, if you are using our bookkeeping service , we will be using the data already available with us.

Preparation of working papers in the formats preferred by clients.

An analytic review of accounts and observations on variances etc. are well documented.

Ensure that disclosure requirements are complied with.

Statutory accounts along with your corporation tax returns are sent to you for approval.

Filing statutory accounts online after approval

Our value proposition

Our clients choose us for a variety of reasons which includes:
    • A structured approach to the process.
    • Extended Trial balance for better visibility of adjustments made
    • Detailed working papers in the format required by client.
    • One level of quality review to ensure that quality standards are maintained.
    • Strict adherence to SLA’s agreed with clients.
    • Faster turnaround time
    • Significant saving in costs
values