Preparing Statutory Accounts

At Cutter & Co we believe that although statutory accounts are necessary to keep limited companies compliant with the requirements of Companies House and HM Revenue & Customs, they have the potential to offer the owners and managers much more.

The accounts report on the performance and activities of the company during the period to which they relate.  Lots can be learnt from past results and the accounts therefore can be used to plan for the future.  They can also identify areas where cost control is required and thus can be a significant tool when making business decisions.

Cutter & Co use the latest computerised software to ensure that the accounts prepared are compliant with current legislation and can prepare your statutory accounts from your source documents or your bookkeeping summaries.

The staff at Cutter & Co prepare accounts on a daily basis.  We can therefore assure you that there is always someone here who will be able to give you the advice you need regarding your statutory accounting requirements.

Did you know?

All limited companies must prepare statutory accounts annually.

An abbreviated set of accounts which contains a balance sheet and abbreviated notes must be filed at Companies House within 9 months of the period end.

The abbreviated set of accounts form a publicly available record and therefore it is vital they are correct.

A full set of accounts which include more detailed notes and a profit and loss account need to be send to HM Revenue & Customs.  The accounts need to be iXBRL tagged and attached to the company’s corporation tax return.