Accounts New Companies

Accounts Preparation for New Companies

You would be informed or made aware of the pros and cons of trading as a sole trader and as a limited company (company) before the company is incorporated. One of the so-called disadvantages of a limited company is the filing of the (audited) accounts with the Companies Registration Office (CRO) in Ireland or the Companies House (CH) in the UK.

Regardless of whether the company is incorporated in Ireland or the UK, the accounts that have to be filed with the CRO/CH must comply with accounting rules and company law. Some of you might have thought of preparing the accounts yourself. After all, how difficult can it be? We have heard of a senior manager in a Big 4 firm that took a minimum of three days to prepare a new set of FRS 102 accounts given his accounting degree, chartered accountant qualifications and professional experience. Our advice to you is to leave the accounts to your accountant or us and focus on building the business. The consequence of preparing accounts that are not compliant with company law and accounting rules may mean that the directors of the company are prosecuted for not fulfilling their responsibilities relating to the accounts.
 

Why Us?

We make your life easier and guide you throughout the process.
We understand that it may be your first time running a company or that you have transitioned from being a sole trader to trading through a company. We are here to guide you through the entire process. We would love for you to connect with us regularly or as and when you wish to during this exciting period of your life/lives.

Our quotes are competitively priced for the service we deliver to you.
When it comes to discussing fees, we are honest and transparent and want you to be the same too. More importantly, we want to grow with your company - the fees will reflect the good and equally the bad times of the company.

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