Accounts Preparation

Now this is what you would normally associate an accountant with, accountancy services.

But what is accountancy?

Mention the word “accountancy” and people immediately think of figures, numbers, adding, subtracting, big lined books covered in dust and boring old men.

But there is more to it!

Accountancy is the measurement, disclosure, or provision of assurance about financial information primarily used by managers, investors, tax authorities, etc.

See, I said it’s not boring!

Accounting is known as the language of business. Accountancy is a branch of mathematical science. The art of accountancy lies in selecting the information that is reliable and relevant to the user.

The first records of accountancy were found in the middle east and date back more than 7000 years. So accountancy encompasses science, languages and the classics.

Could you find a more PC profession?

We can prepare your accounts from your own book-keeping records, or from the underlying original documents such as invoices, receipts, chequebooks and bank statements.

We can prepare your accounts from computer print-outs or from a back-up from your accountancy software, from manual records, spreadsheets or just a box full of papers. (Providing they are the relevant papers).

We have experience is preparing rental income accounts, sub-contractor accounts, sole trader and partnership accounts, charity accounts, clubs and associations, Limited companies and trusts.

We have experience of many trades from baby-sitters to builders, publicans to Private Hire drivers, carpenters to couriers. Sales Companies, training companies, motor dealers, hairdressers, the list is endless.

Our accounts preparation service can be stand alone or tied in with our Book-keeping and VAT services.

Call us for a quote for your accounts preparation needs.

There are two main types of accountancy, management accountancy and financial accountancy.

Financial accountancy is mainly concerned with communicating information to people and organisations outside of the business. Information is prepared for Shareholders in the business, prospective shareholder, investors and creditors such as banks and suppliers, and organisation such as HMRC and Companies House.

Accounts prepared for HMRC, whether they are for limited companies, sole traders or partnerships, are subject to legal requirements.

Accounts prepared for Companies House have separate legal requirements, although moves are underway to streamline these two organisations.

The presentation of accounts prepared for companies house and HMRC is very structured and subject to many more rules than the presentation of management accounts, all financial accounts must be prepared using Generally Accepted Accounting Principles, (UK GAAP).