What are statutory accounts?
These are year-end accounts (or accounts for other periods) that are submitted to the relevant authorities, such as the Inland Revenue. Limited companies’ financial statements are also submitted to Companies House. Company accounts can be complex and require a variety of disclosures to be made in addition to the profit and loss account and the balance sheet. It is therefore important to appoint an advisor who will prepare these accounts for you and give you the appropriate guidance and information.
Related Questions
- What is the statutory time limit for filing an annual return and the accounts of an oversea company? What are the filing fees?
- Why do I only receive an annual review and summary financial statement instead of the full statutory report and accounts?
- What is the difference in the requirements for filing Statutory Accounts between a dormant and trading company?
