Preparing statutory accounts is one of our core services at BrooksCity. We can offer you the option to work with your own records or you may want us to gather the data as part of our bookkeeping service.
We’ll complete your statutory accounts efficiently and submit them on time while ensuring they meet regulations and conform submission standards. We’ll work through the corporation tax calculation and advise you of its impact on your business and possible strategies.
The aim of filing statutory accounts is to report the profit and loss the company has made and calculate the corporation tax liability if any. The necessary documents to be included are the balance sheet, a profit and loss statement and notes on the accounts.
In accordance with the Companies Act, limited companies and limited liability partnerships of all sizes are legally required to file their statutory accounts with Companies House and HMRC within 9 months of their accounting period end. Statutory Accounts must also comply with UK or IFRS standards and additional copies need to be sent to shareholders and anyone who can attend the annual general meeting.