Statutory Accounts

Statutory Accounts

Statutory accounts are essential financial statements that companies are required by law to prepare and submit annually. At FSL Accountancy Limited, we provide expert assistance to help you navigate the complexities of these accounts, ensuring compliance with UK regulations.

What Are Statutory Accounts?

Statutory accounts consist of key financial statements, including the balance sheet, profit and loss account, and cash flow statement. These documents must adhere to specific accounting standards and be filed with Companies House as part of your annual return.

Our Statutory Accounting Services

Preparation of Statutory Accounts

Our experienced team will prepare your accounts in compliance with current regulations, ensuring accuracy and transparency.

Filing with Companies House

We manage all filing requirements to allow you to focus on running your business.

Advise and support

Our experts are available to provide ongoing guidance, helping you understand your financial position and improve your accounting processes.

Importance of Statutory Accounts

Legal Compliance

Limited companies in the UK must prepare statutory accounts and submit them to Companies House. Non-compliance can lead to penalties and fines.

Transparency

These accounts provide stakeholders, investors, and potential partners with a clear overview of your company’s financial performance and position.

Financial Management

Regular preparation of statutory accounts helps you monitor your company’s financial health and make informed business decisions.

Filing deadline of Statutory Accounts

In the UK, the filing deadline for statutory accounts is nine months after the end of the company’s financial year. Failure to file on time can result in penalties and, if delayed further, the company may be struck off the register by Companies House.

1

Up to 1 Month Late.

£150 penalty

2

1-3 Months Late.

£375 penalty

3

3-6 Months Late.

£750 penalty

4

Over 6 Months Late.

£1,500 penalty

5

Extended Non-Compliance

Risk of being struck off the register

These penalties apply to private limited companies. Public companies face higher penalties. Additionally, late filing can result in further consequences, such as the company being struck off the register after prolonged non-compliance.

Why Choose Us for Statutory Accounts Preparation and Filing?

Expert Knowledge

Our team specialises in the preparation and filing of statutory accounts, ensuring full compliance with UK accounting standards and Companies House regulations.

Times and Accurate Filing

We guarantee your statutory accounts are prepared accurately and filed on time, avoiding penalties and ensuring your company stays in good standing with Companies House.

Tailored Solution

We understand that every business is unique. Our approach is tailored to meet the specific needs of your company, ensuring all financial statements reflect your true position.

Peace of Mind

With us handling your statutory accounts, you can focus on growing your business, knowing that your financial filings are in expert hands.

Choose us for reliable, accurate, and timely preparation and filing of your company’s statutory accounts.

Contact Us

If you need assistance with your statutory accounts or have any questions about our services,

Phone

01582 806111

Email

Contact@fslaccountancy.co.uk

Visit Us

Unit 2, Regents Place 11 Hastings Street Luton LU1 5BE

Our team is ready to offer expert advice and support to help ensure compliance and provide financial clarity for your business.

Get started with a free consultation!