Statutory Accounts are accounts which must be prepared annually. These accounts are sent to HMRC, Companies House and also company shareholders.
Here we run down page-by-page of what’s included in the Statutory Accounts format.
The cover page includes the company name, company registration number and company year-end date.
The content page lists the different sections of the statutory accounts report.
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This page will generally cover basic company information: Directors, Accountants, Registered office, Lawyers and Bankers.
The Profit & Loss report is required in Full Accounts but not for Abbreviated Accounts.
The Balance Sheet is required for both Full and Abbreviated Accounts and must be signed by the Director.
The notes section must always start with the Accounting Policies.
Detailed Profit & Loss section is only for Management and does not need to be sent to Companies House.
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Statutory Accounts must meet specific standards which is what the accountstemplate.co.uk can help you with. Whatever format you keep you accounts in, we can submit them to HMRC and Companies House for you in the format they need.
Many companies qualify to submit accounts as a micro-entity, see our guide to Micro-Entity statutory accounts format.