Accounting and Assurance Services

The preparation of accurate and timely accounts together with accompanying tax computations and returns is fundamental to any business, as is the need to have them prepared in the most tax efficient manner.

WKH has built its reputation on the provision of such a service to it’s clients and with the increased regulatory demands on all businesses it is a service that is becoming more and more vital.

• Accounts Preparation
  Timely, relevant and accurate information that is easy for you to understand
• External Audit Services
  Could your business be open to unnecessary risks?
• Internal Audit Services
  Could your business be open to unnecessary risks?
• Company Secretarial Services
  Do YOU really need to undertake your own company secretarial duties?

Accounts Preparation

Not just because we have to but to help you.

The preparation of accounts is the basic offering of any firm of accountants but at WKH it’s different. Yes, accounts have to be in a certain format to satisfy the requirements of Companies House and HM Revenue and Customs and, of course, we will comply - but our primary objective is to provide you as a business owner with information, explanations and suggestions that will help your business achieve it’s aims and objectives.

External Audit Services

Could your business be open to unnecessary risks?

Many directors of owner-managed businesses, find that the strain of trying to grow their business or preserving their market position, means that they cannot dedicate as much time as they would like to the financial control of the company. This shortage of time creates risks. Our independent audit can help you to mitigate these risks, which could include:

• identifying weaknesses in your systems that can lead to fraud;
• recognising areas where controls over assets and transactions are weak and could be improved;
• using our knowledge of your industry to benchmark your performance against your competitors;
• ensuring that you are in full compliance with all relevant regulatory bodies including the HM Revenue and Customs and
• identifying tax planning opportunities that could save your company money, savings that would otherwise have been lost.

Audits are often seen by businesses as an unwanted intrusion which is why WKH’s audit offering has been designed to not only comply with all regulatory requirements, but to also use all our experience to alert you to potential risks and opportunities that you may not have considered.

Internal Audit Services

Could your business be open to unnecessary risks?

Our audit team also has experience in the production of internal audit reports including;

• Financial Controls Effectiveness Programmes – a major internal financial audit, testing the implementation of controls across all areas of the business (e.g. project accounting, cash & treasury, purchases & creditors, payroll)
• Internal Controls Testing - a detailed audit on a specific area of the business, including a 3-step process;
  
  
  • Flowchart documentation of the process
  • Completion of risk assessment for each step of the process & determination of they key controls in the process
  • Substantive work carried out on the key controls to test implementation & effectiveness of the controls.
• Audit of Outsourced Suppliers – to include internal controls testing as above in addition to an a assessment of the supplier’s organisational structure and reviewing the effectiveness & compliance of the contractual relationship between the companies
• Special Investigations for areas of risk highlighted by the business and to explore particular concerns. For example an investigation carried out for a whistle-blowing case surrounding supplier selection.

Company Secretarial Services

Do YOU really need to undertake your own company secretarial duties?

The answer is NO! Why bother yourselves with all the legislation that goes with running a company when we can do it for you? We can perform all the duties that come with the role of company secretary including:

• maintaining statutory registers with details of members, directors, shareholdings and charges;
• completing and filing the Annual Return as well as annual accounts;
• preparation of minutes, resolutions and dividend vouchers;
• the potential completion of over 200 forms that your company could conceivably have to file at Companies House!

The legal side of running a business can in itself take up large amounts of time. Rather than incurring additional salary costs or even worse using your own time that could be spent far more beneficially elsewhere, why not let WKH perform this role for you.