Limited Companies’ Accounts

As a Limited Company you are required to keep accurate accounting records in order to complete accounts, corporation tax returns, VAT returns and PAYE returns.

signingLimited Companies’ Accounts

Three Client Case Studies

1. A Ltd wishes to outsource all the accounting work

Solution

  • A Ltd sends us either hard copies or electronic copies of invoices, receipts, bank statements etc on a monthly or a quarterly basis or we will visit the client premises to do regular book- keeping as required.

We then:

  • Do the book-keeping on a regular basis.
  • Ensure that vat returns are submitted to HMRC and you know how much to pay and when.
  • Calculate and submit salaries under HMRC RTI system and advise you how much to pay and how much to pay to HMRC in tax and national insurance.
  • Prepare year end accounts and submit online to Companies House.
  • Prepare corporation tax returns and submit online to HMRC.
  • If required we have access to the bank account enabling us to make HMRC payments.

2. B Ltd manages their accounts during the year and contacts us with any queries.

Solution

  • B Ltd provides accounts information shortly after the company year-end so that we can prepare the statutory accounts and corporation tax returns.
  • If there are any issues or queries during the year then B Ltd will contact us as required.

3. C Ltd employs an in house book-keeper to do the day to day accounts.

  • We do management accounts on a monthly/quarterly basis sometimes at the offices of C Ltd.
  • We check or do the vat returns when required and submit to HMRC after advising of payments due.
  • We operate the payroll system for C Ltd including the provision of payslips, submission of figures to HMRC and advising C Ltd of PAYE due.
  • We prepare the statutory accounts and submit to Companies House and HMRC respectively . We also advise C Ltd of the corporation tax due and the the due date.

If you are a limited company and would like assistance or advice with your accounts, please call the friendly professionals at Cater Chartered Accountants today.

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