statutory accounts

 

Annual obligations can get in the way when you’re right on track to building momentum for your business. Having to take a break from the crucial day-to-day operations or trying to squeeze out extra time can be stressful or even detrimental to your business. Yet your company’s statutory accounts must be filed by the end of your financial year, or you face receiving an initial penalty fine of £100 that will only increase with further delays.

How can we help with Statutory Accounts?

Trust us to put everything you need for your statutory accounts together for you:
  • a ‘balance sheet’, which shows the value of everything the company owns, owes and is owed on the last day of the financial year
  • a ‘profit and loss account’, which shows the company’s sales, running costs and the profit or loss it has made over the financial year
  • any explanatory notes about the accounts that may be needed
  • a director’s report
  • an auditor’s report if required
We also make sure these documents get to all the right places and people:
  • all shareholders
  • people who can go to the company’s general meetings
  • Companies House
  • HM Revenue and Customs (HMRC) as part of your Company Tax Return
Rest assured that we complete all work to the approved standards for statutory accounts:
  • International Financial Reporting Standards or
  • New UK Generally Accepted Accounting Practice

However, your statutory accounts are not just for HMRC and Companies House – they’re also for you. This is where we shine in providing value for money. Our service is not simply about completing the work and dropping off the paperwork. We can go over the accounts with you to help you understand just how efficiently your business has been operating the past year, highlight the risks and opportunities that you may want to look out for in the coming year, and help you make well-informed financial decisions for the future.

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