Annual accounts and taxation services in London

Annual Accounts

Directors of limited companies are responsible for the preparation of statutory annual accounts for shareholders, Companies House filing purposes, HMRC tax calculation purposes, bankers and other stakeholders of the business.

Annual accounts comprise of a the Balance Sheet, the financial position of the business, its assets and liabilities at the end of the accounting period, a Profit and Loss Account, which outlines the financial performance of the business over an accounting period, and, in some instances, a Cash Flow Statement, that summarises the amount of cash flowing into and out of the business for that time period.

Our accounts preparation service is a continuous service, whereby we can also provide a bookkeeping service, and offer practical advice and guidance on setting up your accounting system, whether it be a manual or a cloud bookkeeping system, to make the year end annual accounts process an easy one to manage.

Morley Accountancy Ltd offers sensible, straightforward, and streamlined advice and assistance that delivers annual accounts on time, to all stakeholders, in an efficient and stress free approach.

Bookkeeping

Bookkeeping is the recording of financial transactions, and is part of the process of accounting in a business. Transactions include purchases, sales, receipts, and payments by an individual person or an organisation.

Morley Accountancy Ltd offers an outsourced bookkeeping service providing a clear, structured and technology-led approach that is built around your business.  The benefit of this is that we can help you get your bookkeeping right first time, freeing up time for you to concentrate on running your business and servicing your clients or customers.

Business Start-Ups

We understand there are a whole range of pit falls to avoid when starting a business, and Morley Accountancy Ltd will be there to hold your hand and successfully navigate you through those pit falls and offer experienced advice surrounding financial and compliance issues that you will face as a new start up individual or company.

We can also offer advice on the appropriate structure of your business from day one, so you can focus on what you do best, offering a superb product or service to your customers.

We offer a range of services including:

• Virtual Finance Director services
• Annual Statutory Accounts preparation
• Bookkeeping services
• Budgeting and forecasting
• Cloud Accounting setup and advice
• Company secretarial services
• Monthly Management accounts
• Payroll
• Taxation – Corporate/Personal
• VAT
  

Company Secretarial

It is a legal requirement to maintain your company’s statutory accounts up to date.

Morley Accountancy Ltd can maintain all aspects of your company’s statutory records so that you will be compliant with current legislation..

We offer a range of services including:

• Company formation
• Appointment of directors and secretary
• Annual Confirmation Statements
• Advice on all Companies Act matters

Management Accounts

If you want to gauge the financial position of your business at a certain point in time, then you will need to prepare management accounts. Management Accounts can be viewed as a simplified version of your year end accounts at a certain point in time.

Morley Accountancy Ltd offers a management accounts service providing up-to-date, accurate financial reports that can be used for internal monitoring purposes to produce Key Performance Indicators (KPI’s) to assess the performance of the business, or these reports can also be furnished to external stakeholders if required to facilitate various discussions.

We can help you understand your business and its underlying drivers to help you plan the future with confidence.

Payroll

One of the secrets to a successful business is to ensure its employees are paid on time and is actually correct!

Morley Accountancy Ltd can help you navigate the numerous statutory obligations surrounding payroll to mitigate the compliance risk to ensure fines are avoided and your payroll numbers are right, on time, all the time.

We can prepare payslips for each employee, calculate statutory deductions and handle the real-time-information (RTI) filings with HMRC. We can also handle any subsequent PAYE or National Insurance contributions queries from HMRC.

We can also help you comply with the Pension Regulators requirements for auto-enrolment of your employees into a pension scheme.

Taxation

Taxation can be a minefield, and Morley Accountancy Ltd can help you navigate through the various pieces of legislation, albeit whether you are a corporate entity or a sole trading individual.

We identify and utilise certain reliefs for each client in order to ensure each client does not pay any more tax than is absolutely necessary, and advise when these tax payments are required to HMRC to ensure fines and penalties are not incurred.

• Self-Assessment Tax Returns
• Corporation Tax Returns
• Capital Gains Tax Returns
• Inheritance Tax Returns
• VAT services including:
• Registration
• Electronic filing of returns
• Support with HMRC visits