Annual Accounts

Many types of companies need to prepare annual accounts as a statutory obligation. This may seem like a time-consuming task, but getting expert help will take away the worry and make it straightforward.

Orwell Accountants, based in Ipswich and Felixstowe, Suffolk, provides a full range of accounts services for companies and are experts in annual accounting. This means we can take this work off your hands, making sure your accounts are prepared on time and filed correctly and that they are fully compliant with regulations.

However, it’s not just limited companies and LLPs which need to draw up their accounts every year. Even if you run a type of business which does not have to file account returns with Companies House, all businesses have an obligation to keep accurate financial records.

Also, if you are a sole trader or run another type of business partnership, owners or partners will still need to file self-assessment tax returns.

Some types of company will also need to file VAT and corporation tax returns. Having up-to-date accounts is the basis for all of this and will make it easy for you to meet the relevant deadlines.

Orwell can draw up all types of small companies accounts, whether you need to file them with Companies House or not. We will ensure legal compliance and make sure you meet reporting obligations.

As well as the need for compliance, accurate account-keeping is also an important tool in running your business and planning for the future.

All companies need to have a business plan in order to look ahead, which involves keeping track of the full financial picture. To make plans, you need accurate figures for the year, including profit and loss, with details of where you have made the most money and incurred the greatest costs, together with forecasting. Looking over this information will help you to take an overview and draw up strategies for the following year.

Orwell’s accounting expertise doesn’t just include drawing up the annual accounts for Ipswich, Felixstowe and Suffolk companies and organisations. We can also go over the accounts with you and specialise in drawing up business plans and help for clients to grow, improving their business’s performance and financial health.

As well as preparing accounts for you on an annual basis, we can also take on responsibility for accounting and bookkeeping all through the year, so that you are always aware of your company’s up-to-date financial position.