Partnerships

Every business needs to produce accounts in some shape or form depending on their size and structure. If you are a LLP Partnership or a Sole Trading Partnership, the basic elements of a set of accounts include a profit and loss account showing a business’s performance and a balance sheet showing net worth.

For Limited Liability Partnerships (LLPs) statutory accounts are required and must be in accordance with accounting standards. A copy of the accounts must also be filed with HM Revenue & Customs and Companies House where they are held on the public register.

Whatever accounts are required we will ensure that they are completed promptly and correctly in accordance with UK accounting standards. As every business is different we can also help show you what we need to prepare the accounts to ease the burden from you. As part of your first meeting we will discuss what books and records we need to prepare your accounts. Then after the first year we will review this with you so that we can make the process as straight forward for you as possible.

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If you have any questions or would like any further information about Edmonds Accountancy please feel free to contact us

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