accounts by nick

Accounting services for the entrepreneur in you. Start-up, musician, artist or otherwise, I can help you with the nitty gritty for the set-up of your business, including account and tax preparation.

   
  
 
  
    
  
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     You’ll need to prepare an annual return – a snapshot of certain company information (i..e name of company, registered number, registered office, details of directors to name a few…) at the made-up date.    As a Director of the company, you’ll also need to prepare annual accounts – for instance, this requires all entries for money received/paid by the company and a record of assets & liabilities. Private companies need to retain records for 3 years from the date made.    Under certain criteria, small companies are classed as micro-entities, which means accounts can take advantage of some exemptions to disclose less information than small, medium and large companies. A micro-entity must meet at least 2 of the following conditions –      1.          turnover must not be more than   £632k     2.          balance sheet must not be more than   £316k     3.          average number of employees must not be more than 10. 

You’ll need to prepare an annual return – a snapshot of certain company information (i..e name of company, registered number, registered office, details of directors to name a few…) at the made-up date.

As a Director of the company, you’ll also need to prepare annual accounts – for instance, this requires all entries for money received/paid by the company and a record of assets & liabilities. Private companies need to retain records for 3 years from the date made.

Under certain criteria, small companies are classed as micro-entities, which means accounts can take advantage of some exemptions to disclose less information than small, medium and large companies. A micro-entity must meet at least 2 of the following conditions –

1.     turnover must not be more than £632k

2.     balance sheet must not be more than £316k

3.     average number of employees must not be more than 10. 


accounts by nick is a trading name of N A J Johnson Ltd

© 2015 N A J Johnson Ltd all rights reserved · N A J Johnson Ltd is a registered limited company of England and Wales (09505995), with registered office at 82 Caledonian Road, London, N1 9DN, and is a registered accounting practice with ICAS. 

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