Accounts 

If you run a business you are required to prepare annual accounts. The accounts will form the basis of your tax calculations – so it is important to get them right! 

The format of the accounts and the deadlines involved depend on whether you run your business as a sole-trader, partnership or limited company. 
 
Sole-trader/Partnership 
 
Format: Accounts for a sole-trader or partnership have no set format but must have a profit and loss statement and often include a balance sheet. 
 
Deadlines: Forms part of your self-assessment tax return. Deadline is 31 January following the end of the tax year. 
 
 
 
Limited Company 
 
Format: Accounts for a limited company are more complex as they must be prepared in a specific format in accordance with Companies Act 2006. 
Deadlines: Nine months after the end of your company financial year end. 
Where we come in… 
 
We will:- 
Advise you of the records you need to keep and provide to us 
Keep you informed of the deadlines involved 
Prepare and submit the accounts for you using our market-leading software 
Carry out a full tax efficiency review to ensure you are minimising your tax liabilities 
Talk the accounts through with you face-to-face or over the phone to ensure you understand them fully 
Start Up & Company Formation 
When you are starting out in business, we understand that it is a daunting time and we believe that it is vital that you seek advice to make a positive start on your journey. 
Contractor & Freelancer 
As specialist advisers to freelancers and contractors, we have put together an all-inclusive package to specifically suit your needs. 
Locums 
Whether HCA, nurse or doctor, we have put together an all-inclusive specifically to suit you. 
For more information or to book an appointment to discuss your accounting needs simply call us on 01908 563250 or click here to contact us.  
Effective Accounting  
Making the numbers work for you 
 
I couldn't recommend them highly enough and will continue to use them for Spiral Static and all future ventures! 
 
 
Matt Badley | Spiral Static 
 
 
 
I have found their help in modernising my accounts invaluable and would recommend them to anyone in a heartbeat. 
 
Matthew Finch | Trailer Aid Ltd 
 
 
 
The whole team at effective accounting are exceptional.  
 
 
 
Jennifer Duthie | Skribbies Ltd 
 
 
 
Nicola is one of the most adept and accessible accountants that I have ever had the pleasure of working with.  
 
 
Carter Stewart | Transworld Consulting Ltd 
 
 
Choosing Effective Accountants has been one of the best decisions we made when we started our company. 
 
 
Matthias Geeroms | OTA Insight Ltd 
 
 
 
Nicola and the team have proven to be extremely professional, efficient and always on hand to answer any questions I have (and I have a lot!).  
 
Emily Hodges | EM Hodges Ltd 
 
 
 
I find the service to be prompt, professional and friendly. 
 
 
 
Simon Weightman | Mercury TS Ltd 
 
 
 
They are quick to respond and are always ahead of the curve for us. Keep it up and thank you. 
 
 
Freda McMahon | Lobster Noodle Ltd 
 
 
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