Doing my books?

ceeforcat

You are a limited company - please take my advice and get an accountant. You may require an audit. Are you also aware of the filing regulations with the company's office?

Mandles

ceeforcat wrote: »

. Are you also aware of the filing regulations with the company's office?

No What regulations are they? What do they say?

ceeforcat

Because you are a limited company, it is not just the HMRC who require sight of your accounts. Late filing with the companies office attract its own penalties if late.

Mandles

Already got one! thats why i need to know how to do it now.

jiggy2

ceeforcat wrote: »

You are a limited company - please take my advice and get an accountant. You may require an audit. Are you also aware of the filing regulations with the company's office?

doesn't require an audit at £35k turnover (more like a few million turnover or assets before you need an audit)

Companies House is where you need to file accounts at - normally deadline is 10 months after year end so if say Dec 08 year end then need to file accounts by 31 Oct 09. fines start after that

http://wck2.companieshouse.gov.uk/b0dc8408ddef43b3d89a37c8437ef752/wcframe?name=accessCompanyInfo

type in your company's name and you will be able to see the deadline in the next accounts due section.

you probably have completed form CT41G to let HMRC know when the company started trading etc

http://search2.hmrc.gov.uk/kbroker/hmrc/forms/viewform.jsp?formId=460

if you know what u r doing u can do the accounts, tax computations, returns etc yourself (big caveat - if you know what u r doing!)

otherwise accountant will cost probably a few hundred quid (minimum) for doing that

mrsmyagi

I agree with jiggy2. You can do it yourself but you need to have an idea of what you're doing. If not then you can avoid fines etc by getting an accountant. You definitely don't need an audit but you will need to prepare accounts that meet the right format etc as they need to be filed at Companies house.

As for the cash book question - that's basically all you need (as a very basic but perfectly enough for what you describe option) - that's what I described in my earlier post. So on left hand page note down all your income / invoices and on the right hand side all your expenses.

The accountant can then knock up a set of accounts from this without much bother. I'd estimate a fee of around £350-400 (depending on where you go) - don't go to a city firm, go to one in a local town where rates will be lower as you don't need any particularly specialist expertise.

Hope that helps :-)