Statutory Accounts Preparation

Statutory Accounts Preparation Services

All limited companies have a legal requirement to prepare accounts in a format which complies with the Companies Act. Whilst detailed accounts must be submitted to HM Revenue & Customs (HMRC), virtually all small companies will take the exemption allowed and file only abbreviated accounts at Companies House; we will ensure that no more than the bare minimum information is placed on the public record.

Sole traders and Partnerships will almost always require to have annual accounts prepared in order to generate the information which goes on their self-assessment tax returns.

We believe that for any business it is good practice to prepare accounts, not merely to fulfil a compliance requirement, but to act as a management tool with which to run the business. As such, we encourage our clients to have accounts prepared as soon as possible after their year-end in order that the information contained is as “live” as possible. We meet with every client to review their annual accounts before finalisation, to ensure the accuracy and relevance of the contents. This meeting also gives us an opportunity to plan with our clients for the year ahead and to ensure that the business and remuneration structures being operated continue to be the most appropriate and tax efficient for everyone involved. We also take that chance to provide constructive feedback if appropriate on how our clients can improve their book-keeping in order to produce more valuable management information on a month to month basis.

 

One of our key priorities is to provide continuity of service and to allow strong relationships to be formed, therefore, we will do everything possible to ensure that the team assigned to look after you at the outset remain in place for as long as possible.

"“We have worked with Ian Bilsland for many years and over that time have found him to be approachable, friendly and always able to explain complex matters in a clear and understandable manner.

As our business has developed he has been on hand to guide us through all of the challenges we have faced.”"

− FIONA LAMB, THE WOODHOUSE KIPPEN LTD.

"I had no prior experience of Drummond Laurie or their team until last year when we had a need for some help with the production of monthly management accounts for one of our group companies. Our reporting deadlines are very tight, however, Drummond Laurie have been able to not only meet these every month but in addition they have been able to make the whole process more efficient, which has reduced the time taken and our costs too. In my experience to date, the team at Drummond Laurie are professional and efficient in what they do and have also been friendly and easy to get along with. I would not hesitate to recommend them to any similar business in need of on-going accounting services."

− IAN KING, COMPANY SECRETARY, CARRON PHOENIX LTD

"I am writing to thank Gillian Wayne for all her help while setting up my new company. Gillian possesses all the attributes necessary to be an excellent business adviser; she is diligent, responsive, and very patient. Gillian is professional, personable and clearly takes pride in doing a good job. In my particular case, there were a few challenges and Gillian went the extra mile to find a resolution in each case. Many thanks for all your help."

− GRAHAM THACKERY, CLIENT

"“I had no hesitation following David and his team to Drummond Laurie. David has been my accountant for more than 15 years and he is surrounded by a team of professionals. However, the real value he brings to the table is his real-world business experience having worked as the Finance Director in a successful SME for a number of years.

Thus he’s not only good at helping his clients count their beans, but he has hands-on experience of how hard it is to acquire and keep at least some of these beans in the first place. If you’re thinking of switching your accountant, I really can’t recommend them highly enough. So stop reading and go do it!”"

− GORDON COULTER, EXMOS LTD.

"“Drummond Laurie provide us with comprehensive support across a whole range of accounting services, ranging from payroll, CIS & VAT returns, through monthly management accounts (including divisional reporting), to full annual accounts preparation & filing.

We have worked with David Wheeler and his team for many years – they continue to provide an excellent mix of personal service with a high level of professionalism across the board”"

− MANAGING DIRECTOR OF A LARGE BUILDING SUPPLIES DISTRIBUTOR.

"“Ian and his team are always on hand to assist with any matters crop up when running a family business.
The service we have received has been excellent and I would be delighted to recommend them to my associates.”"

− ANDREW MCAREE, OCHIL TIMBER PRODUCTS LTD.

"“Before I engaged the team at Drummond Laurie I wasn’t aware of the level of client service that I should receive from my accountant.
They have surpassed my expectations and been a great addition to my business.”"

− CRAIG DONNELLY, GOLF PROFESSIONAL