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C O N N E
L L Y & C O
A N N U A L A C C O U N T S
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 A Limited Liability Company
has a statutory duty to prepare on an
annual basis financial accounts. These have to be filed with
Companies House and the Inland Revenue on a specific time scale with
penalties being levied for late filing.
The sole trader or
partnership has to prepare annual accounts to form the basis of their
income tax liabilities.
In all cases annual
accounts are often required for more than their statutory requirements,
and a sample of these would be: -
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As a proof of
income to support mortgage applications
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To show to a
prospective lender that the business is viable and able to support
business loans.
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To show to a
prospective purchaser of the business that this is a viable business and
to help establish the asking price.
We at Connelly & Co. produce accounts to support all these requirements
from the books and records supplied by the client. |