Limited companies must produce statutory accounts (annual accounts) every financial year. The level of detail isn’t granular, so it won’t include individual invoices or pay to specific individual(s).

This applies to all limited companies, whether you are trading, non-trading or dormant you’re required to submit.

They are used to report your company’s financial information and should be sent to:

• Companies House
• HM Revenue and Customs (HMRC) as part of your Company Tax Return
• Limited company shareholders
• People who can go to the company’s general meetings

The annual accounts are set out in a specific format, defined by the Companies Act, so that they can be published on public record.

Here at Goodmen, our experts take the worry out of accounting while ensuring that full compliance and deadlines are met. Our friendly and knowledgeable team has the ability to work with any individual or business large and small, ensuring all your financing accounts and reporting are fully maintained to the highest standards. Such services as bookkeeping and auditing are part and parcel of our everyday work, while liaising with HMRC and the relevant taxation offices can help alleviate the burden on you and your team.

We’ll be able to manage and prepare accounts in a way that demonstrates key figures quickly and clearly, providing an accurate assessment of your financial situation and aiding the chances of success with any application.