Baverstocks are registered by the Institute of Chartered Accountants in England and Wales to carry out company audit work.
The preparation of accounts and (where necessary), the audit of a year’s results, provide key knowledge and insight into a business’s activities and gives the following:
- A true picture of the firm’s financial situation to owners and management
- Statutory information for both the registrar of Companies and shareholders
- A basis for the Inland Revenue to agree on tax liabilities
- Data from which outside providers of finance including Bankers, can assess the firm’s viability
For many corporate clients, the audit is the core of an independent and objective view of their company’s position. In order to perform the audit function in accordance with appropriate standards, it is essential for our staff to be thoroughly familiar with the specific nature, aims, and organization of each client’s business.
In conjunction with the statutory Audit, it is our normal practice to carry out a Practical Annual Review. This is tailored to the needs of the individual client and may encompass areas such as Security, Financing, Credit Control, Business Development, and Remuneration Schemes.
Financial Accounting & Bookkeeping
Many clients discover that they need outside assistance with bookkeeping and accountancy. For some this may be an ongoing requirement – for others, it may just be at peak times or if a particular investigation or exercise needs fulfilling. At Baverstocks we can provide skilled assistance when needed, using in-house resources or personnel from one of our associates.
Company Law is continually tightening the rules relating to the administration of companies. It is vitally important therefore that a company’s statutory books are properly maintained. Unfortunately, clients can easily overlook the detailed formalities involved. Our company secretarial team however can assume these responsibilities and provide an efficient and cost-effective service.
Management Accounting and Consultancy
Regardless of whether a client is just starting or developing their business activities, it is essential that a Business Plan is prepared. It is equally essential that the business activities are closely monitored and that any deviations from the Plan are fully considered. Our management services team provides a full management accounting and consultancy service which encompasses preparation of the Business Plans, Budgets, and Cashflows, preparation of Management Accounts, and Management reviews.