Accounts preparation

Annual accounts

Annual accounts in Llandudno

We provide accounting support services to a whole range of clients covering limited companies, limited liability partnerships, charities and other specialist organisations, partnerships and sole traders.

The accounts preparation rules for limited companies are currently undergoing substantial changes and we can advise you on the options you have available, which include:

  • the application of Financial Reporting Standard 105, which deals with the Micro-entities Regime;
  • the preparation of micro-entity accounts; and
  • the application of Financial Reporting Standard 102, which consolidates all previously issued accounting standards and other accounting pronouncements.

The above new rules do not apply to partnerships and sole traders.

For further information on our annual accounts preparation services and to arrange an initial free of charge meeting, please contact us.

Management accounts

Regular management information is vital to the continued success of any business. We work closely with you to get to know your business so we can make suggestions to help improve profits or to develop and grow your business.

We can prepare monthly, quarterly or half yearly management accounts to ensure you always have reliable and accurate information on which to base your business decisions.

For further information on our management accounts preparation services and to arrange an initial free of charge meeting, please contact us.

Rental accounts

The receipt of income from land and property in the UK, by a UK resident individual, requires the completion of a Self Assessment Tax Return, by that individual. If the land and property is held jointly, all joint owners must prepare Self Assessment Tax Returns.

We can assist all property landlords, irrespective of the number of properties held, with the preparation of rental accounts and the reporting requirements under Self Assessment.

Different rules apply to unfurnished lettings, furnished lettings, furnished holiday lettings, lease premiums and the rent-a-room scheme.

The rules for the deductibility of mortgage/loan interest are changing on 6 April 2017 for buy-to-lets. These new rules do not apply to companies or furnished holiday lettings.

For further information on our rental accounts preparation services and to arrange an initial free of charge meeting, please contact us.