Do I need an accountant for my limited company?

Setting up a business is fraught with complexity and filing annual accounts for the first time can be daunting. Michelle Roberts ACA of Croner-i, explains the fundamental accounts compliance issues if you operate through a limited company

Under Companies Act 2006, every company must keep accounting records for six years and they must be sufficient to show and explain the company’s transactions. A director may delegate this task to a bookkeeper or accountant, although it is not mandatory to do so.

The accounting records need to disclose with reasonable accuracy the financial position of the company at that time. Specifically, the records must contain the following information:

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