Statutory Accounts Preparation London
Expert statutory accounts preparation. Statutory accounts for Companies House filing in accordance with UK GAAP (FRS 102, FRS 105) or IFRS. Contact our statutory accounts team today.
Statutory Accounts Preparation
Expert statutory accounts preparation. Statutory accounts are required by law for all limited companies and must be filed with Companies House. Our experienced team prepares statutory accounts in accordance with UK GAAP (FRS 102, FRS 105) or IFRS, ensuring compliance with Companies Act requirements and regulatory standards.
What are Statutory Accounts?
Statutory accounts are annual financial statements required by the Companies Act 2006 for all limited companies:
- Legal Requirement: All limited companies must prepare and file statutory accounts
- Companies House Filing: Statutory accounts must be filed with Companies House
- HMRC Submission: Statutory accounts support corporation tax return preparation
- Stakeholder Reporting: Statutory accounts provide information to shareholders and stakeholders
Statutory Accounts Preparation Services
- Full Statutory Accounts: Complete statutory accounts including profit & loss account, balance sheet, cash flow statement, and notes
- Abbreviated Accounts: Abbreviated accounts for small companies (where applicable)
- Micro-entity Accounts: Micro-entity accounts for qualifying small companies under FRS 105
- Directors' Reports: Directors' reports and strategic reports
- iXBRL Tagging: iXBRL tagging for digital filing with HMRC and Companies House
- Companies House Filing: Electronic filing of statutory accounts with Companies House
Accounting Standards
We prepare statutory accounts in accordance with:
- FRS 102 (UK GAAP): Financial Reporting Standard 102 for medium and large companies
- FRS 105 (Micro-entities): Financial Reporting Standard 105 for qualifying micro-entities
- IFRS: International Financial Reporting Standards for listed companies and certain entities
Statutory Accounts Components
Statutory accounts typically include:
- Profit & Loss Account: Income statement showing revenue, costs, and profit
- Balance Sheet: Statement of financial position showing assets, liabilities, and equity
- Cash Flow Statement: Cash flow statement (required for FRS 102, not for FRS 105)
- Notes to the Accounts: Detailed notes explaining the accounts
- Directors' Report: Directors' report on company performance (not required for micro-entities)
Companies House Filing Requirements
Statutory accounts must be filed with Companies House:
- Filing Deadline: 9 months after the end of the accounting period for private companies
- Digital Filing: Accounts must be filed electronically in iXBRL format
- Penalties: Late filing penalties apply if accounts are filed after the deadline
Why Choose Acumon for Statutory Accounts?
- Extensive experience in statutory accounts preparation across all company sizes
- Expert knowledge of UK GAAP, IFRS, and Companies Act requirements
- Efficient, accurate preparation that meets regulatory deadlines
- iXBRL expertise ensuring compliance with HMRC and Companies House requirements
- Clear, transparent reporting tailored to your stakeholders' needs
- Ongoing support and advice on accounting and regulatory matters
Integration with Other Services
Our statutory accounts preparation services integrate seamlessly with our other services:
- Accounts and Bookkeeping Services - Supporting bookkeeping for statutory accounts
- Audit Services - Statutory audits for companies requiring audit
- Tax Advisory Services - Tax planning aligned with statutory accounts
- iXBRL Services - iXBRL tagging for statutory accounts filing
Next steps
Get in touch with our statutory accounts team to discuss your statutory accounts requirements. Our experienced team will provide expert statutory accounts preparation services tailored to your business needs.