Audit and Accountancy

All firms of accountants prepare accounts for sole traders, partnerships and usually limited companies. After all, what else would you expect?  However, the standard of care taken in preparing these accounts varies dramatically from practice to practice.

All our staff are trained to analyse in detail the accounting data supplied to us, and to assess and question the accuracy of the resulting financial statements.  The end result is a valuable management tool if the figures are prepared in a timely manner, and you can be assured that your tax liability is based on accounts that take advantage of all available reliefs.

An audit is an independent professional examination of the financial statements of, usually, a limited company, following which a report is made to the shareholders on their accuracy or otherwise.  An audit is required by statute only for those businesses with an annual turnover of more than £6.5m, or those with gross assets of more than £3.26m.

We are registered to carry out audits by the Institute of Chartered Accountants in England and Wales, and carry these out for a wide range of clients.  We often recommend companies to have their accounts audited where the shareholders in the company are separate from the management, even though such an audit may not be required by statute.

Contact us for a free initial meeting to discuss our accounts preparation and audit services.