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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.
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.