| Contents | Financial Accountancy |
| Nanavati & Co
Financial accountancy |
We prepare annual financial statements of companies in order for them to comply with their statutory duties. A similar service is provided for sole traders and partnerships. This in simple terms means preparing a set of financial statements for a period of normally one year from the accounting records of the business. The company's recording keeping may be be manual or computerized.
Our charges would depend on the type of work to do. We do help clients to improve their records so that they make savings in terms of our fees. Just a note that generally limited companies with a turnover of up to 1 million do not require an audit. We can assist you to improve your accounting systems so that you can make informed management decisions, control your cash flow and plan for expansion.
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In the case of a limited company the financial statements would comprise: Directors' report Auditor's Report or Accountants' report Profit and Loss Account Notes to the financial statements In the case of sole traders and partnerships, these financial statements would comprise: Profit and Loss Account Balance Sheet Accountant's Report Notes to the Accounts
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