What needs to be filed with Companies House?
- Statutory accounts (either full, abbreviated or micro)
Knowing which version to file can be a challenge in itself!
Statutory accounts must include:
- a ‘balance sheet’, which shows the value of everything the company owns, owes 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 (unless you’re a ‘micro-entity’)
And if all that wasn’t enough, you also have to make sure your accounts are prepared following one of the following accounting standards:
- International Financial Reporting Standards
- New UK Generally Accepted Accounting Practice
