Annual Accounts for Sole Traders

We understand that as a sole trader, time is the scarcest of all resources. Helping to free up a sole trader’s time so that they can concentrate on growing their business is a core part of our service. We do this by taking care of the accounting and taxation functions for them.

Our sole trader services

We monitor our sole trader clients on a regular basis and look to make recommendations to improve their business. These recommendations could include tax efficiency suggestions, advice on how to keep better records or even suggestions of an insurance company for a better quote.

You can use as much of our sole trader service as you like – some clients like to do their own bookkeeping, whilst others detest it! We are as much your business partner as your accountant and like you, we too are a business owner – so we perfectly understand the challenges involved.

The sole trader services we provide are:

  • A full set of accounts
  • A full set of accounts (including a balance sheet)
  • Personal tax computation
  • Calculation of your outstanding tax liability or refund due
  • Submission of personal tax return to HMRC
  • Business start-ups
  • Rental income
  • VAT
  • Bookkeeping

We have extensive experience working alongside other sole traders in Farnborough and across Surrey, Hampshire and Berkshire. One of the most rewarding aspects of our job is seeing our clients’ businesses flourish.

To discuss the sole trader service that is best suited to your circumstances, please call us on 01252 409477 or send us a message.

Annual Accounts for Companies

When you are operating your own company the legal requirements and work involved can be daunting. Therefore for clients who want to get on with running their business without the worry of maintaining their accountancy records, we offer our Full Service to take the pain away and save you time.

Fernhill Accountants can prepare for you:

  • The bookkeeping
  • The payroll
  • The payroll end of year returns including P60s and P11Ds
  • Quarterly VAT returns
  • Signed, certified, annual statutory accounts
  • Abbreviated accounts for submission to Companies House
  • The company’s corporation tax calculation
  • The company’s tax return and submit it to HM Revenue and Customs
  • The dividend minutes and vouchers
  • The Confirmation Statement

As your agent we will be authorised to deal with HM Revenue and Customs on your behalf, which will save you time and money.

All you need to do for us is to provide a list on Excel (preferably) of all of your income and expenditure on a monthly/quarterly basis together with your bank statements, sales invoices and expense receipts.

Alternatively if you have a good knowledge of bookkeeping/accountancy including VAT and payroll you may prefer our Essential Service and maintain the accounting records, run the payroll, prepare the VAT returns and submit Companies House returns yourself. In which case Fernhill Accountants can prepare for you:

  • Signed, certified annual statutory accounts
  • Abbreviated accounts for submission to Companies House
  • The company’s corporation tax calculation
  • The company’s tax return and submit it to HM Revenue and Customs

We will also deal with HM Revenue and Customs on your behalf regarding corporation tax.

For our Essential Service we require YOU to prepare the following:

  • A fully analysed cashbook produced on Excel or an agreed Cloud-based package
  • All bank accounts reconciled
  • A list of trade debtors
  • A list of trade creditors
  • Payroll records
  • Copies of VAT returns and supporting calculations (if VAT registered)
  • Copies of dividend vouchers and minutes of any board meetings
  • Copies of Confirmation Statements filed at Companies House

In addition to the above, for directors and shareholders we can also prepare:

  • Personal tax computations
  • Capital gains tax computations
  • Calculation of your outstanding tax liability or refund due
  • Prepare and submit your self-assessment tax return to HM Revenue and Customs

Annual Accounts for Community Interest Companies

Fernhill Accountants specialise in Community Interest Companies (CICs), which are a type of company set up for social enterprises that want to use their profits and assets for the good of the community.

In addition to the services offered above we also assist the directors of our CICs in the preparation and submission of the Community Interest Company Report to Companies House which is a legal requirement for CICs.