Every financial year, the company must put together statutory accounts.
Your company’s annual accounts, called “statutory accounts” are prepared from the company’s financial records at the end of the company’s financial year.
You must always send copies of the statutory accounts to:
• HM Revenue and Customs (HMRC) as part of your Company Tax Return
• Companies House (unless you send ‘abbreviated’ accounts – see below)
Statutory accounts must include:
• a ‘balance sheet’, which shows the value of everything the company owns and is owed on the last day of the financial year
• a ‘profit and loss account’, which shows the company’s sales, running costs and the profit or loss it has made over the financial year
• notes about the accounts
• a director’s report
You might have to include an auditor’s report – this depends on the size of your company.
A director must sign the balance sheet and their name must be printed on it.
File annual accounts with Companies House 9 months after your company’s financial year ends.
Pay Corporation Tax 9 months and 1 day after your company’s financial year ends.
File a Company Tax Return 12 months after your company’s financial year ends.
You must send Companies House a company annual return every year, within 28 days of the anniversary of the company’s incorporation.