Statutory Accounts

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We help prepare statutory accounts also known as year-end accounts or annual accounts.

There is a legal requirement for companies to prepare and submit statutory accounts by a certain deadline. No last-minute surprises, no jargons our team of qualified accountants prepares and file accurate and compliant statutory accounts on time, always.

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What are Statutory Accounts in Uxbridge?
Statutory Accounts in Uxbridge, also known as year-end accounts or annual accounts, require certain level of information from companies regarding money that comes in and goes out of the business. HMRC and Companies House require this information in a specific format adhering to certain accounting standards, which is why our Statutory Accounts in Uxbridge team keeps everything compliant.

Our systems keep track of all deadlines and automatically alert us when accounts need to be filed. With just one quick call, we explain exactly what you need to do and share the requested information.

The deadline for filing the accounts is 9 months after the year-end. So if the year-end is Dec 2025, the deadline will be Sep 2026. Missing this deadline can mean penalties, so our Statutory Accounts in Uxbridge specialists track every date on your behalf.
- Director’s Report
- Profit and Loss Report
- Balance Sheet
- Notes to the Accounts
- Auditor’s report, this depends on the size of the company
Types of Statutory Accounts
Usually there are 3 types of statutory accounts that companies prepare and file.
- Full Accounts
  These are a complete set of director’s report, profit & loss report, balance sheet, notes and/or audit report. These are detailed and contain important information about the company.
- Abridged Accounts
  These are condensed version of full accounts and include a simpler balance sheet along with the notes. These are submitted to Companies House and are publicly available and contain less information.
- Dormant Accounts
  Your company might be a dormant company if it has no significant transactions during the accounting period. Filing fees, penalties and payments for shares upon incorporation are considered as significant transactions. In simple words, if your company hasn’t traded at all during the accounting period, we can opt to file dormant accounts.

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Accurate accounts, on time

Let our qualified accountants prepare and file your statutory accounts accurately and on time, every time, with no jargon and no surprises. Get in touch today and stay stress-free!

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WhatsApp 020 3744 0046 info@nsaccounting.co.uk

Got questions about Statutory Accounts?

We've got the answers you need.

What accounting standards do UK companies need to follow when preparing statutory accounts?

Most UK companies follow FRS 102 or FRS 105 for micro-entities. NS Accounting determines the appropriate reporting framework based on company size and compliance requirements.

What happens if statutory accounts are filed late with Companies House?

Late filing results in automatic penalties ranging from £150 to £1,500 depending on delay length. Persistent delays may also affect company credibility.

Can statutory accounts differ from management accounts?

Yes. Management accounts are internal reports for business decision making, while statutory accounts follow strict legal and regulatory reporting standards.

Do all companies require an audit?

No. Many small companies qualify for audit exemption if they meet HMRC thresholds for turnover, assets and employee numbers.

Can statutory accounts be amended after submission?

Yes, amended accounts can be filed through Companies House following proper procedures and director approvals.

What information do directors need to provide for statutory accounts preparation?

Directors must provide financial records, expense details, asset information, loan balances and supporting documentation.

What is the difference between Companies House filing and HMRC submission?

Companies House maintains public company records, while HMRC focuses on tax compliance and corporation tax calculations.

What are dormant accounts and when can they be filed?

Dormant accounts apply when a company has had no significant financial transactions during the accounting period.

Are statutory accounts publicly accessible?

Yes. Certain financial data submitted to Companies House becomes publicly available.

How can statutory accounts support business growth and financing?

Accurate accounts strengthen business credibility and help secure loans, attract investors and support financial planning.