Final Accounts Products
Final Accounts*:	£400*
Final Accounts:	£500
*If you have contracted us to take care of your book keeping as well.

Accounts

Fides Partners has a vast experience of accounting standards and disclosure requirements under company law so we are able to offer a full package of accounts preparation for private limited companies, partnerships and sole traders for all sizes and types of business.

Our qualified staff will prepare and report your financial results in an efficient, succinct, and yet meaningful way. You can rely on us to meet all company and tax reporting deadlines, whilst giving you time to review and understand your accounts.

What information we need to prepare your final statutory accounts?

1. Summary of sales invoices
2. Summary of Purchases invoices
3. Summary of expenses Invoices such as telephone bills, rent, salary etc
4. Any contracts, agreement or documents relevant to the preparation of the accounts
5. Bank Statement
6. Company statutory information such as Certificate of incorporation, memorandum and Article of Association, minutes etc

Fides Partners can help you to prepare and file your annual statutory accounts so that you meet your deadline with the Inland Revenue.

Our Fees are as follows:

• If you have contracted us to take care of your book keeping our fee will be
  £400*
• If we are only contracted to do your accounts our fee will be
  £500
  
  * assuming all bookkeeping and summary has already been produced.

*The above price is based on the assumption that the company does not require an audit to be conducted.

What is included in our fees?

1. Preparation of draft accounts to be approved by the board of directors
2. Once approved we send the board the following documents
   1. Two full sets of accounts
   2. Two abbreviated sets of accounts
   3. CT 600
   4. Letter of representation (if any)
   5. Minutes from the director and shareholders
   6. Filing of your accounts with Companies House and Inland Revenue

General Information

When are my accounts due?
Lets take an example:

Mr X incorporates a company on 01/01/05. His company accounting period will be from 01/01/05 to 31/12/05. The due dates will be as follows:

1. To pay corporate tax (if any) 9 months and 1 day from the end of the accounting period which in this example will be by the 01/10/06
2. To fill accounts with Companies House - 10 month from the end of the accounting period which will be by the 31/10/06
3. To fill accounts with Inland Revenue - 12 month from end of accounting period which will be by the 31/12/06

Normally we file all accounts well before the due dates and pay corporate tax by the 9 month and 1 day deadline.


What are the Penalties if I am late?

Length of delay, measured from the date the accounts are due	Private Company	Public Company
3 months or less	£100	£500
3 months and one day to 6 months	£250	£1,000
6 months and one day to 12 months	£500	£2,000
More than 12 months	£1,000	£5,000

When will your company be audited?
For your company to be audited the 2 out the 3 conditions must be met:

1. Turnover is more than £5.6m per annum,
2. You have more than 50 employees, or
3. Your gross assets are more than £2.8m.

What is the corporation tax rate?

Taxable Profit for 2007/2008
£(GBP)1 - £(GBP)300,000	20%
£(GBP)300,001 - £(GBP)1500,000	32.5%
Over £(GBP)1500,001	30%
Marginal relief fraction	-
Marginal relief fraction	1/40

£ per year (unless stated)	2005-06	2006-07
Starting rate: 0%	£10 - £10,000	N/A*
Marginal relief	£10,001 - £150,000	N/A*
Small companie's rate: 19%	£50,001 - £300,000	£0 - £300,000
Marginal relief	£300,001 - £1,500,000	£300,001 - £1,500,000
Main rate: 30%	£1,500,001 or more	£1,500,001 or more
Non-corporate distribution rate	19%	N/A*

*The 2005 Pre-Budget Report announced that the starting rate and non-corporate distribution rate would be replaced with a single banding for small companies set at the existing small companie's rate.
Please contact us for further details

Registered in England and Wales No: 6190804
8th Floor, Ellerman House, 12-20 Camomile Street, London, EC3A 7PT , Tel: 020 7256 3200 , Fax: 020 7256 3110