Accountants in Market Deeping, Peterborough to prepare and file statutory accounts
Every limited business will need to complete annual statutory accounts and a corporation tax return. Apart from ticking the statutory compliance box, there are other reasons for having your accounts completed, such as directors and shareholders having accurate up-to-date accounts and information. We recommend taking this a step further by having management accounts completed throughout the year as to run your business it’s essential to know how much profit you’re making and what your cash position is.
Direct Peak specialise in micro-entity accounts, which HMRC define as having any 2 of the following:
- a turnover of £632,000 or less
- £316,000 or less on its balance sheet
- 10 employees or less
If your company is a micro-entity you can send only your balance sheet with less information to Companies House whilst still benefiting from the same exemptions available to small companies.