Stunning Final Statutory Accounts
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As a small or medium business you have a choice of how you file your accounts.
Final statutory accounts. If last trading accounts have gone to HMRC and are already with co hse and no trading since that date apply to strike off get acknowledgement and then withdraw cash presuming 25000. A balance sheet which shows the value of everything the company owns owes and is owed on the last day of the financial year a profit and loss account which. Final accounts are an essential financial component of any accounting year for every company.
The term final accounts includes the trading account the profit and loss account and the balance sheet. The Final Account and Final Certificate must be forwarded to the relevant Finance Division for payment and copies distributed to all parties involved in the Contract. Filing statutory accounts is a legal requirement.
Statutory Accounts are accounts which must be prepared annually. In the UK all private limited companies are required to prepare statutory accounts. A profit and loss account or an income and expenditure account if the company is not trading for profit a balance sheet.
Companies are governed by the Companies Act 1956. Here we run down page-by-page of whats included in the Statutory Accounts format. These accounts are sent to HMRC Companies House and also company shareholders.
What are statutory accounts. A statutory auditors report. Statutory Declaration to the effect that workmen employed have received all wages made by the Contractor.
Full statutory annual accounts a Company Tax Return You need your accounts and tax return to meet deadlines for filing with Companies House and HM Revenue and. The annual financial statements and directors report must be signed on behalf of the directors by two directors. A directors report.
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