Year End Accounts & Financial Statements

Do you find your Year End Accounts taxing?

All businesses are required to submit annual accounts. Only by preparing these accounts can the owners be fully aware of their trading position and fulfil their statutory obligations.

They are also invaluable for providing information about your business to financial institutions, for example banks, mortgage applications and business loans. We will endeavour to advise you on ways to strengthen your record keeping that will assist you in meeting your statutory obligations and managing your affairs

Our Year End Service covers;

Sole Traders and Partnerships

By compiling the year end accounts we are able to analyse the financial data and compare it to previous years.

By discussing the margins and variations with the owners, we can look strategically at the business and identify growth and cost cutting areas as well as linking in to any tax planning opportunities that may arise.

Limited Companies

Companies have the responsibility to prepare accounts in accordance with the Companies Act and Accounting Standards. In addition, for small and medium sized companies, abbreviated accounts can be prepared and filed at Companies House within the necessary deadline periods.

We will prepare the Corporation Tax computations, calculate the Corporation Tax liability and prepare form CT600 for submission.

We will also have in-depth discussions with management, reviewing both the accounts and business systems to help our clients to control and grow their businesses.


Personal Tax & Self Assessment

Do you need help with your Tax Return? Are you paying too much tax?

Completing tax returns yourself can be an extremely stressful experience. There are deadlines to meet with very few exceptions resulting in interest and charges.

Most people living in the UK are required by law to pay tax. Taxable income can be from business profits, salaries and wages to tips, commission, rent and dividends.

Our efficient and professional tax specialist can prepare your tax return ensuring all possible tax saving opportunities are taken into account no matter how complicated your affairs are and submit them online and on time.

We will take personal care of every aspect of your self assessment tax return including:

  • All tax enquires
  • Computations of tax liabilities
  • Correspondence with HMRC
  • Advising you on tax allowances that could reduce your tax payments
  • Assisting you with your tax rebates.


We are here to represent you not the Inland Revenue and unlike most tax services we do not charge a percentage of your tax rebate, instead, we pass this saving onto you.


Bookkeeping & VAT

Not enough time in the day?

The Complete Bookkeeping Service

Even if you have been trading for many years or just started your own business, it is essential to have good accounting records. This will give you frequent and meaningful data providing you with the information to make important decisions about your business.

We can provide “the complete book-keeping service” off-site with a designated and experienced bookkeeper to liase with and offer support to you 5 days a week.

  • Management Accounts
  • VAT Returns
  • Key Performance Indicators
  • End of Year Accounts
  • Estimated Tax Liabilities as you go along so there's no end of year surprises


Continual clients receive a discount on year end accounts preparation and self assessment.


Payroll Services

Do you need help managing your payroll?

Administering your payroll can be time consuming and troublesome, diverting energy and resources from your business. The task is made all the more difficult by the growing complexity of taxation, employment legislation and the accompanying regime of penalties for non compliance.

Fortunately, payroll can easily be separated from your other accounting activities and outsourced to a specialist agency such as the team of payroll administrators here at ABS & Co Accountants.

We offer a completely confidential and cost-effective service that includes:

  • Processing of payroll on a weekly, monthly or annual basis
  • Standard payroll reports
  • Customised payslips
  • Advice on tax and NIC payable
  • Dealing with employee enquiries
  • Production of year-end P60s
  • Preparation and electronic filing of forms P14 & P35
  • Starters and leavers
  • Company, personal and stakeholder pension schemes
  • Student loan recovery
  • SMP, SPP, SSP, and SAP
  • Child maintenance orders
  • Telephone support