Business banking - what a pain in the balls!

[christie]

Seriously though... for a loan for the future, what you will need is three years worth of accounts prepared by an accountant. They may also want to see bank statements from your personal account, but not your business account. So long has you have a full set of books signed off by an accountant you should be fine. x

You do not even have to have your accounts audited. All the loan/mortgage company will be interested in is your takings and profit. That is all shown on your tax account from HMRC. My hubby has been a sole trader for the past 30 years and has never had an accountant past the first 6 of those where he learnt how to do them himself. All he has ever shown is the online generated tax summary.