Annual Statutory Accounts

Keeping up to date on the latest accounting standards and requirements can be tricky, especially if you’re not an accountant and you only do it once a year! Why not save yourself the headaches and sleepless nights by letting us take care of it for you?

When you entrust Accountancy Solutions to take care of your annual and statutory accounts you will be allocated a qualified and experienced accountant who will complete your accounts on time, in line with current standards and best practice, and submit them to the relevant parties.

What is included in your Annual Statutory Accounts?

Your annual accounts are the complete financial story of your business and give vital insights into the overall health and growth of your business.

They provide an overview of everything you own, owe and are owed, how much your business costs to run and any profit or loss achieved over the previous year. They report the financial activity and performance and are used to calculate your corporation tax liability.

Who needs to receive the Annual Statutory Accounts?

The reports are generated in a standardised format, are mandatory for all limited companies and must be submitted to Companies House within nine months of your company’s year-end.

HMRC require a copy as part of your company tax return and, if you have shareholders, you may also be required to furnish them with your accounts.

What happens if your accounts are late or inaccurate?

Accuracy is paramount and there are stiff penalties if you make a mistake which is why most limited companies choose to outsource if they don’t have the need for a full time, in-house accountant.

You also face fines for being late submitting your accounts. These fines start from £150 but can run into thousands depending on the length of the delay and the size of your business.

Why choose Accountancy Solutions?

In addition to satisfying your legal obligations, choosing Accountancy Solutions to take care of your Annual Statutory Accounts, turns your accounting system data into meaningful business information.

Robust, accurate annual accounts allow you to celebrate your growth, track your achievements and stay on course with your growth ambitions.

Benefits of choosing Accountancy Solutions to prepare your Statutory Accounts:

  • Dedicated professionals who are experts in preparing Statutory Accounts
  • A cost-effective solution saving you the cost of staff training, software and IT support
  • Saves you time leaving your team free to focus on your business
  • We take care of all Companies House and HMRC interactions
  • Peace of mind that this business-critical function is in the hands of an expert

Start enjoying complete freedom from worrying about your Annual Statutory Accounts by contacting Accountancy Solutions today.

Six Steps to Sustainable Business Growth

As a business owner, you need to be driving your business forward, exceeding customer expectations, achieving your goals and helping your team to thrive. Yet all too often, what you actually end up doing is spending hours slaving over your books, tracking down missing invoices and receipts and losing sleep over HMRC and statutory returns. Download our free guide to change that today.