While most companies now have to give more info on their abbreviated accounts to the Companies House, many companies can qualify to submit accounts as a micro-entity. According to the gov.uk, Micro-entities are very small companies. Your company will be a micro-entity if it has any 2 of the following: a turnover of £632,000 or less […]
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The directors of a company are required to prepare Accounts for each financial year of the company. The accounts should include: (a) a balance sheet as at the last day of the financial year; and (b) a profit and loss account for the year or accounting period. (c) Notes to the accounts The balance […]
Statutory Accounts are accounts which must be prepared annually. These accounts are sent to HMRC, Companies House as well as shareholders.
Here we run down page-by-page what’s included in the Statutory Accounts format.
Whether you use spreadsheets or Accounting software never assume you can rely on the numbers at the end of the year without doing some basic checks.
Assets are things owned by a company, a country or an individual which hold some monetary value. Assets can be further categorised into two types: non-current assets (fixed assets) and current assets.
A balance sheet of any company is a very important financial document which lists the assets, liabilities, and capital of a business for any given period of time.
Profit and loss statement (P&L), also known as an income statement, statement of profit and loss, or income and expense statement, is one of the three most important financial statements of any company.
AccountsTemplate.co.uk helps people looking for a Statutory Accounts template for their business.
The main reason for formatting in the Statutory Accounts template is to be able to submit accounts to Companies House and HMRC. Knowing this, we have made this process as simple as can be for business owners.