Compliance Services

We can help you by making sure accounts are prepared in the correct format, statutory books and other company secretarial records are kept up-to-date and that all statutory returns are prepared. Our experienced team will relieve you of the regulatory burden and leave you more time to concentrate on your core business activities. In short, we will make sure everything is in the right format, in the right place and at the right time.

Our range of compliance services includes:

Statutory audits

A statutory audit is an audit that is required by a government agency and does not pertain to all businesses in the UK. For example,

Statutory audits are required specifically by institutions, such as banks, brokerage companies and insurance companies in the UK. It is a legally required review of the accuracy of a company’s (or government’s) financial records.

It is worth noting that UK registered companies may also be subject to statutory audits, so if you are unsure if your business is affected, then check with us to find out if your requirements are under UK GAAP and UK law.

The statutory audit is undertaken in order to ensure that an organisation is providing both an accurate and fair description of its financial position. We can help complete a statutory audit by looking at your information, such as your financial transactions, bank balances, bookkeeping record and other detail you may have. It is important that this is carried out, because those who do not comply with the regulations and are not compliant can be penalised.

For more information, or to see how we can help, please contact us.

Annual accounts

Your company’s annual accounts, also known as ‘statutory accounts’ - are prepared from the company’s financial records at the end of your company’s financial year. The annual account should include a balance sheet, profit and loss account, a directors report, notes about the account and possibly an auditor’s report – depending on the size of your company. Your annual accounts must also adhere to either the International Financial Reporting Standards or the UK Generally Accepted Accounting Practice The legal responsibility for making sure the annual accounts are completed accurately and to guidelines falls on the company directors. Once the annual accounts have been prepared, copies will need to be sent to all company stakeholders.

Our expert team can provide guidance and support on for your company accounts. To find out how we can help, contact us.

Company secretarial services

The Company Secretary is the most senior administrative officer of a private or public company or organisation. This is an important role and ensures that the company complies with all standard financial and legal requirements as legislated by the Companies Act 2006.

It can be very difficult to make sure that your company is up to date with corporate governance and regulatory compliance, which is why we can help. Our team can support you and make sure that you don’t miss an statutory filings and changes in the Companies Act. We know that company secretarial services can be difficult and time consuming, so let us do the hard work for you.

To talk to one of our team and find out how we can help, please contact us.

Payroll procedures including Real Time Information and Pensions Auto Enrolment compliance

The processing of payroll can be complicated and lead to errors occurring. This is where there needs to be a detailed process that incorporates numerous controls, ensuring that payroll is handled consistently on a repetitive basis. This includes Real Time Information.

The way you calculate PAYE is not changed by Real Time Information, but it does require you to make more regular submissions – which we can help with. This means that you need to submit PAYE information to HMRC every time you pay your employees, as opposed to just once a year at Payroll Year End.

The law on workplace pensions has changed. Under the Pensions Act 2008, every employer in the UK must put certain staff into a pension scheme and contribute towards it. We can help your company understand these implications and make sure that you are compliant with all the rules and regulations.

To find out how we can offer our services and help, please contact us.

Tax returns

We know that Tax returns can be time consuming, that’s where our professional team can help. People and businesses with other income must report it in a tax return, required by the end of the tax year – 5th April. We can help go through your records (bank statements, receipts etc) and ensure that everything is in correct order before submitting to HMRC.

For assistance with your tax return, please contact us.

Grant claims

Grants are sums of money awarded, by the government or other organisations, for a specific project or purpose. Generally the amount is not repayable. We, at Aster & Trujillo, can help you find an appropriate source of grant funds and help you with your business plans.

Obtaining finance is not always easy especially if yours is a small business and particularly if it is a recent start-up. Borrowing may be difficult due to lack of security. For more information on Grants, you can read our factsheet here.

To find out how we could help obtain a grant for your business, please contact us.