Annual accounts preparation and compliance
Year-end accounts are required for all businesses; our team assist with the preparation of accounts for companies, sole traders, partnerships, LLP’s, LP’s, charities, trusts and pension schemes. Our friendly team of specialists will help you to ensure that your accounts comply with the relevant accounting standards and that deadlines are met. For companies we also assist with the preparation of the iXBRL accounts file for online filing with HMRC.
The exact responsibilities of a company secretary depend on the size and nature of the company, but generally it is the person responsible for the efficient administration of the business. Ultimately, a company secretary is the primary source of advice on the conduct of a business and the role has grown over the years. Now he or she is seen as the guardian of the company’s compliance with both the law and best practice. You may prefer to outsource this role, to ensure full compliance with the companies act and other legislation. Our team members act as company secretary, or outsourced financial director, for a number of organisations including charities, independent schools and SMEs.
See our dedicated Company Secretary page for more information and guidance on the role.
Confirmation Statements (previously known as Annual Returns), were brought in on 30 June 2016 and are an annual requirement for all limited companies and limited liability partnerships. On submission, this statement guarantees that you ‘check and confirm’ the information held with Companies House is correct and have made any necessary amendments. For the first confirmation statement submitted, information must also be provided on people included on the ‘People with Significant Control Register’ (PSC) within the business.
Our team can assist in the preparation of the Confirmation Statement and also advise on the ‘People with Significant Control’ (PSC) Register
All charities must have their accounts externally scrutinised by someone independent to ensure that they are prepared in accordance with regulations and the charity is trading in line with its governing document. For readers, it also gives reassurance in the figures and narrative included in the accounts.
An independent examination by a qualified accountant is required if:
- An audit is not specified in the governing document
- The accounts are prepared under the accruals basis
- Income is below £500,000
- Assets total £3.26 million or less
Our experienced team can provide this service for charities. Find out more about how we can help you!
Meet the team
We hold regular events for our clients and issue regular communications to highlight important developments and new legislation for charities and their governance.