Accounts Prep


S&Y Accountants provide accounts preparation services in Ilford, Essex and throughout the UK. Our team of experienced

accountants ensures that your accounts are prepared in line with government regulations and are ready for tax purposes.

Our friendly team will also take the time to make sure that you understand your business’ finances allowing you to understand your business better and plan effectively for the future.

Our Accounts Preparation Services

We provide accounts preparation services to sole traders, partnerships, and limited companies of all sizes. Our primary step is to work with you so we can gain a full understanding of your business. We then tailor our approach to your requirements so we can provide exactly the service you need.

- Preparation 

Statutory year-end accounts preparation to ensure that your accounts are prepared in line with the correct Financial Reporting Standards.

- Management Accounts 

Monthly/quarterly management accounts to help review business performance and help you to understand how your business can run more efficiently.

- Forecasting

Cashflow forecasts and projections. Understand your business’ financial landscape better and plan effectively for the future

- Budgeting

Business plans and budget planning to help effectively manage your business’ finances and liabilities.

- KPIs

Key performance indicators and benchmarking to measure business performance and indicate where more focus is needed.

What are the implications if my company accounts are not filed on time?

As a director of a company, you are responsible for filing the accounts with Companies House on time and in the correct format. If the accounts are late, Companies House will issue a penalty. The level of the penalty depends on how late the accounts were filed:

Length of the period the accounts were late by                       penalty

not more than 1 month                                                                      £150

More than 1 month but not more than 3 months                         £375

More than 3 months but not more than 6 months                       £750

More than 6 months                                                                           £1,500

Get in Touch

Are you interested in learning more about our services? If so, please do not hesitate to get in touch with our team. We look forward to hearing from you