The Accounting Service that Cares for Your Business
Oasis handles all of your company's accounting requirements. Our expert accountants are always available to offer customized support for your business, whether it's addressing queries about business expenses or providing proactive guidance on maximizing the benefits of your accounting records.
The Importance of Annual Company Accounts: What You Need to Know and Do
Companies should essentially prepare their company accounts annually. The purpose of doing so would be to provide a clear analysis and record of the financial state and performance of the organization in that year. At the end of the company's financial year, these tasks should be carried out and submitted to all shareholders, HMRC, and Companies House.
What do Company Accounts Include?
Each statutory account is tailored to a company respecting its size.
Example:
5 kinds of Limited Companies in the London:
- Micro-Entity
- Small Company
- Medium-Size Company
- Large Company
- Dormant Company
What should be covered in a standard Company Account:
- A statement
- Cash flow
- Balance Sheet
- An account of profit or loss
- Directors report
- Account notes
- Auditors Report and more…
Company accounts provide a comprehensive assessment of a company's performance to assist stakeholders in making any necessary decisions. Our experts collaborate with you to understand your specific requirements, after which we establish appropriate accounting practices and controls to ensure your accounts remain consistently up-to-date.