Account preparation involves organising business records into clear and accurate reports for each financial year. This process helps business owners understand financial performance while meeting required reporting standards. Financial records are prepared to support annual accounts submission, ensuring alignment with HMRC and companies house requirements. This reduces the risk of errors, missed deadlines, and follow-up queries. Businesses across UK needs to rely on experienced accountants in Southampton for this level of structured financial reporting.
Financial figures are explained in plain language, making financial information easier to review and act. Our account preparation services support sole traders, partnerships, and limited companies, with a consistent approach applied regardless of location. Businesses working with chartered accountants in Southampton benefit from clear guidance on what information is required and when. Repotrs are carefully reviewed, balances reconciled, and records kept accurate throughout the financial year.
Our Account Preparation Process
Simple, Structured Accounting That Supports Business Stability
Our accounting services simplify your finances, keep you compliant, and support steady growth for your business.
We begin by gathering your financial records and checking they are complete and organised.
Our team prepares financial statements using your information, ensuring figures are structured correctly.
Each entry is reviewed to confirm accuracy and alignment with reporting requirements.
Service Blocks
Clear and Reliable Accounting Services Available Across the UK
Account preparation
Professional account preparation services across the UK, clearly explained so you stay compliant at all times.
At Mandair & Co, professional account preparation services are provided to clients across the UK, with established support for businesses in Southampton, Portsmouth, Winchester, Eastleigh and Romsey. Alongside the regional coverage, businesses nationwide receive the same level of service, regardless of location. All services are delivered remotely, making access simple and flexible. Records are shared securely, removing the need for face-to-face meetings and allowing work to continue smoothly during busy periods. This approach keeps annual accounts preparation efficient and easy to manage. Statutory accounts UK specific are prepared to ensure figures meet current reporting requirements.
Year-end financial statements are completed through a clear and structured process, with financial statement preparation focused on accuracy, consistency, and timely completion. Support is also available for limited company accounts, with compliant company financial statements prepared for submission and review. Communication remains clear throughout, so expectations, requirements, and next steps are always understood. This approach combines nationwide coverage with practical working methods, providing reliable account preparation support, secure handling of information, and a straightforward process designed to fit around modern business needs.
Southsea
Gosport
Portchester
Hayling Island
Lee-on-Solent
Fareham
Havant
Waterlooville
Stubbington
Leigh Park
CLIENT TESTIMONIALS
What Do Our Clients Say About Us?
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Rebecca Brown Abed
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I live overseas and Mandair & Co helps keep me on track with my personal and business tax affairs - I definitely recommend them!
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Direct Windows & Doors
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DWD Ltd is a Company that turnovers £750K.
Mandair & Co have been our Accountants for the past 5/6 years.
Lauren Ford has been assigned to look after our account, with Tawny Rider looking after things that pop up. Lauren & Tawny both do an excellent job with the back up of Richard (Mandair) when required, with a wealth of Knowledge etc.
I recommended Mandair to a friend who's Turnover is £80K. Mandair's cost to him was very low considering the background support he has from them. From my experiences, I would fully recommend Mandair to any 1 man band or Small to Medium Based Business to do their accounts. KR. Charles Oliver (Managing Director)
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Simon Sidhu
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Mandair & Co have been my accountants for the past few years and i cannot recommend them highly enough. The whole team from Richard, Tawny and Amri have been exceptional in handling my accountancy affairs. A great firm with attentive, knowledgeable staff.
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Gurpreet Singh
Trustindex verifies that the original source of the review is Google.
Reliable and best accounting advise in hampshire
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Sophie Percy
Trustindex verifies that the original source of the review is Google.
Great team to work with. Easy to contact and happy to help.
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Kamran Rajput
Trustindex verifies that the original source of the review is Google.
Very happy to recommend Mandair & Co headed by Richard Mandair and his highly professional and capable team.
Mandair & Co have assisted me and my wife with our Annual Self Assessment returns ( brillant property income breakdowns as well as great advice)
Mandair & Co also provide excellent advice and services relating to my annual Company returns as well as payroll services. always professional and speedy to respond to queries.
I have been a client of Mandair & Co for 20 years and would not dream of going elsewhere for Chartered Accountancy services
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Jonathan Grant
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Mandair are the complete accountancy service for the SME - the team are attentive, well qualified and act with complete integrity.
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Lisa McLean
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Always brilliant as I’m always late … been with Richard and his team for years. Quite honestly the best 😃
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dharminder rai
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Mandair and Co have been my accountants for a few years now. I live in London and this company was recommended by a local business. I recommend Mandair and Co to anyone who wishes to see their interests being well looked after. Professional with rapid response and careful reminders. very reasonable charges too.
Agata Tomaszewska
I can’t recommend Mandair & Co enough! They’ve been my absolute guardian angels since becoming self employed and I love working with them. Amazing value for money, very responsive with a can-do attitude, always putting their clients first! 100% recommended.
Pollyanna Phillips
Amri and the team have made my first 2 years of self-employment super easy and stress free! They are great at explaining things I’m not sure about, they are quick at responding to emails and always provide me with great advice on how to be more efficient with books etc. I would highly recommend to anyone, top quality service!
Daniel Glass
I have used mandair accountants for over 10 years and they have always been very friendly helpful when I have needed their help with my accounts. The team are always very attentive with my affairs which gives me great peace of mind.
Cannot recommend them enough
Lynnette Pack
Richard, Tawny, Ayesha and the team, have looked after our company and personal accounts for around the last 20 years. They are now dealing with the two company closures as we are retiring, but I will continue to use their services for our personal tax. Richard is very approachable and will always help, as does Tawny. Their pricing is reasonable and although possibly not the cheapest, is well worth the cost for the services they provide. I wouldn’t hesitate to recommend Mandair & Co.
BEST Autocentres Ltd
We have used Mandair & co as our accountants for over 10 years. We did try another company who promised the earth for a short while, but soon found that we were paying twice the price for no extra value and returned to Richard and his team.
Guy Jones
Helped me with business set up. Gave me excellent advice.
FREQUENTLY ASKED QUESTIONS
Account Preparation
What is Account Preparation?
Account preparation is the process of organising business income and expenses into clear financial reports. It helps show how a business has performed over a set period, supports accurate reporting, and keeps financial information structured, understandable, and ready for review or submission
Who Needs Annual Accounts Prepared?
Limited companies need annual accounts prepared every year. Sole traders and partnerships also prepare accounts to understand income, costs, and overall performance. Annual accounts help keep finances organised and provide a clear picture of business activity for the year.
What Records Are Required?
Common records include bank statements, sales invoices, expense receipts, payroll details, and loan information. For limited companies, previous year figures may also be needed. Providing complete records helps ensure accounts are accurate, consistent, and prepared without delays or confusion.
How Often Should Accounts Be Prepared?
Accounts are usually prepared once a year. Annual preparation keeps financial information accurate and organised. Some businesses also prepare accounts during the year to track performance, manage cash flow, and identify issues early before year end.
Is Account Preparation a Legal Requirement?
For limited companies, account preparation is required each year. These accounts show income and expenses clearly. For sole traders and partnerships, it may not be required, but preparing accounts still supports better planning, clarity, and control over finances.
How Does Account Preparation Support Year-End Accounts?
Account preparation reconciles and verifies all financial data to ensure your year-end statutory accounts are accurate, tax-efficient, and fully compliant.
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OUR TEAM
Your partners in long-term financial success
Richard Mandair
ACA Managing Partner
Richard qualified as a Chartered Accountant in 1996 and after gaining valuable experience in a local firm of Accountants, Mandair & Co was set up in 1999. Richard has a wealth of experience in advising clients in general practice, in all aspects of their business to include Taxation, Compliance and regulatory matters affecting their business.
Richard has grown the business from his early days practicing on his own to now working with a dedicated team of 15.
Outside of work Richard enjoys a variety of sports including football and table tennis.
Tawny Rider
PA to Richard Mandair
Tawny joined the team in September 2014 as a Personal Assistant and Receptionist and has played a key role ever since.
Tawny is the first point of contact at Mandair & Co and has a variety of duties that include reception, administrative and assisting the accounts team and acting as a PA to Richard Mandair. Her Qualifications include Level 3 NVQ in Business Administration and she is now working towards her AAT Qualifications.
Annemarie Marshall
Taxations Specialist
Annemarie has been with the practice since 2005, she previously worked for the Inland Revenue for over 20 years.
As a Taxations Specialist she has a vast knowledge in all aspects of Tax including Self-Assessment, Capital Gains Tax, Foreign Income, Rentals, Residency and Seafarers.
As a Taxation Specialist, she brings extensive expertise across all areas of taxation, including Self-Assessment, Capital Gains Tax, Foreign Income, Rentals, Residency, and Seafarers.
Mia Mandair
Assistant Accountant
Mia joined the team in June 2019 as a trainee accounts assistant and is currently working towards her AAT Qualifications.
Much of her day to day work involves dealing with accounts preparation, vat returns and self-assessment tax returns for both sole traders and Limited companies.
Outside of Work Mia enjoys travel and sports as well as partaking in charity events.
Lauren
Assistant Accountant
Lauren joined the team in August 2018 as a semi senior accountants assistant.
Lauren is currently studying her ACCA and is hoping to soon be a chartered certified accountant.
Lauren has two young sons who keep her busy and enjoys socialising with friends when she can.
CONTACT US
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Whether you need tax advice, payroll services, or comprehensive accounting support, Mandair & Co is here to help. Get in touch with us today!
