Limited Company Accounts
Chartered accountants delivering a fresh approach to accounting. Working as part of your team to help your business thrive.
Limited Company Accounts
Whatever tax and accounting needs you have for your Limited Company, as an experienced accountant supporting local businesses for more than ten years, you can be sure that Makes Sense has the services you require to support the success of your business.
Our experience, working with businesses across a range of industries, and of all shapes and sizes, ensures that we provide tax and accountancy support tailored to each individual business.
Call Now to Book a CONSULTATION and Get TAX ADVICE From MAKES SENSE Accountants
0121 238 2206
Accountancy Service for a Limited Company
Company Registration
If you are starting a limited company, you can set it up yourself if you have the knowledge. But it is at this stage where you need advice on registered office, shareholders, directors, PSC etc etc…. If you don’t get it right at this stage, it can be costly down the line when you company has made it and there are taxes to consider. The company needs to be registered with Companies House, you need a unique name that no one else has got, names of share holders and people of significant contract, registered address and then you are ready to incorporate. This taxes about 24 hours for the documents to come back.
You can check Companies House Register by clicking here https://find-and-update.company-information.service.gov.uk/
Payroll Setup
Payroll setup and processing is a boring task but need to be done correctly and that’s why most clients love outsourcing this task to their Accountants. You need to register with HMRC upto 28 days before the first pay date. You need to consider the following first pay date, weekly or monthly payroll, producing payslips, paying employees and handling HR questions from staff. This needs to be done correctly or you will upset your staff and they are the ones who help your business run smoothly.
Bookkeeping Services
HMRC and Companies House require every company and sole trader to keep accurate records. To do this you need to choose bookkeeping software like Xero, Quickbooks or use a spreadsheet. You will need your bank statements, invoices and receipts to work from. If you get the bookkeeping right then the accounts are a lot easier and you will be the accountants best friend.
Year-End Accounts
Every company is required to prepare annual accounts and corporation tax return. They are submitted to HMRC and Companies House. Unless you are an accountant you will definitely need help with these from a qualified accountant. The accounts are prepared from the company bookkeeping, so it is very important to get the below correct.
Management Accounts
You can wait until the end of the company year for accounts or get Management accounts produced monthly or quarterly so you have figures to base company decisions on. Instead of making financial decisions without having actual and upto date figures to based them on. They are not a legal requirement and provide insight into the current financial health of a business by tracking various key performance indicators.
Get In Touch
Makes Sense Accountants
12 Summer Hill Street
Birmingham
B1 2PE
- 0121 238 2206
- 0754 172 1832
- Opening Hours: 9am -5pm