Best Tax Preparation Services in Fleet

Unravelling the mysteries of Statutory Accounts 📊 🔹 Balance Sheet: This isn't just a statement of assets and liabilities. It's a snapshot of your company's financial health at the end of the financial year. 🔹 Accounting Policies: These aren't merely a set of rules. They clearly explain the accounting standards your company adheres to, including granular details like the methods for calculating depreciation. 🔹 Notes to Accounts: More than just footnotes, these offer valuable insights into balance sheet items, such as the composition of trade debtors and other receivables. 🔹 Employee Numbers: Even if your company has no employees, you need to state this fact in the accounts. It's all about being transparent and thorough. You must submit these to Companies House by law if you're a registered UK company, whether a limited company or an LLP. This includes dormant companies, which must provide a set of dormant accounts. The nature and detail of the submitted accounts hinge on your company's size.  Many companies also produce members' statutory accounts for their shareholders and other interested parties, such as banks. These are typically more detailed than the accounts submitted to Companies House. Have you got questions? Get in touch:...