It is a legal requirement for all Limited Companies to prepare Annual accounts consistent with the appropriate accounting standards and file a formal set of accounts with Companies House. The Directors of the company are legally responsible for ensuring this.
It is also good practice for Sole Traders and Freelancers to prepare year-end accounts and may be a requirement for banks and other organisations (e.g. Life Insurance).
How we can help
- Preparation of formal Year End Accounts consistent with appropriate accounting standards
- Preparation of Abbreviated Accounts (where appropriate) for filing with Companies House
- Discussion of the Year End Accounts and business performance with directors
- Filing the accounts with Companies House