Statutory accounting and reporting services
Preparing your statutory accounts can feel like just another thing on your to-do list. From gathering all the financial data to meeting those tight deadlines, the tasks can quickly add up and take over your day. That’s why we’re here to help.
At Ascott Blake, our statutory accounting services are designed to give you back some of your valuable time so you can focus on actually running your business. We take care of the admin hassle so you can relax in the knowledge that everything is being done accurately and in full compliance.
Ascott Blake, preparing your statutory accounts for compliance with Companies House
At Ascott Blake, we know that preparing statutory accounts can be a headache. But done properly, it can also give you real clarity over your finances.
Our expert accountants work closely with you to prepare statutory accounts that are accurate, compliant, and delivered on time. Whether you’re just starting as a limited company or you’re an established organisation with a growing team, we tailor our accounting services to suit your needs.
We take a supportive approach, explaining complex problems in a way that makes sense, pointing out anything you need to know, and making sure you don’t get caught out by any compliance issues. With us on board, your annual accounts become a useful tool for making big decisions about the future of your business.
Ready to get on top of your finances and free up some time? Contact Ascott Blake today!
What are statutory accounts?
Statutory accounts (often called annual accounts) are the official financial statements your company prepares at the end of each financial year. If you run a limited company, producing these accounts is a legal requirement, and they must be filed with Companies House every year.
Think of them as your company’s “financial health check.”
They’re not just about ticking boxes. They give you a snapshot of how your business is doing financially, including your profits, your assets, and your overall financial position. They’re also used for external reporting to help stakeholders, lenders, and regulators see how well your business is performing.
What is included in the preparation of statutory accounts?
When preparing statutory accounts, we typically include:
A balance sheet, showing your company’s assets, liabilities, and equity
A profit and loss account, outlining your income and expenses over the year
Notes to the accounts, providing additional disclosure and context
Supporting information, such as bank statements and financial records
A director’s report (where required)
We prepare these accounts in accordance with relevant accounting standards and reporting rules.
Our statutory accounts and financial reporting services
Preparing your annual statutory accounts doesn’t have to be a stressful or time-consuming process. In fact, we make it feel quite the opposite. We combine our expertise, technology, and attention to detail to make submitting annual statutory accounts straightforward and efficient.
But we don’t just stop at compliance. We take the time to understand your business, your industry, and your goals to provide valuable insights that help you make confident decisions.
As part of our statutory accounting services, we’ll:
Prepare your statutory accounts following current accounting standards
Submit your annual accounts to Companies House and HMRC
Support you with your company tax return and other tax responsibilities
Review and organise your accounting data, such as bank statements and financial records
Provide clear and accurate financial reports to help you make informed decisions
Identify ways to improve your tax planning
Keep you up to date with any changes to the rules and regulations
Offer ongoing support from our experienced finance team
Benefits of outsourcing statutory accounting to Ascott Blake
Outsourcing your statutory accounts can make a real difference to how your business operates.
Rather than spending hours decoding complex reporting requirements, you can focus on what really matters… growing your business and looking after your clients.
Benefits of partnering with Ascott Blake for your statutory accounts:
Save time and reduce stress by letting our expert accountants handle the process
Get complete peace of mind knowing you’re fully compliant with HMRC and Companies House
Reduce the risk of errors, penalties, and non-compliance
Gain a fresh perspective on your financial performance
Access expert knowledge across a range of industries
Improve your understanding of your year-end accounts and overall financial situation
Free up your internal team to focus on running your business
Stay compliant and confident with Ascott Blake
Staying on top of your statutory accounts is essential. But the ever-changing regulations and strict reporting requirements don’t always make it easy. We prevent it from becoming a burden.
With the right support from our experienced team, statutory accounting becomes a smooth, well-managed process that gives you confidence in your numbers.
If you’re ready to simplify your annual accounts, get in touch with Ascott Blake today. Call us on 01279 797 222 or fill out our enquiry form to get started.
Frequently asked questions about statutory accounts
Statutory accounts are usually prepared by a qualified accountant either in-house or as part of an external agency like the professionals here at Ascott Blake. Our accountants have a deep understanding of financial reporting standards and can prepare accurate financial reports that ensure compliance.
Financial statements are formal records of your business's financial activities and provide an overview of its financial position. In essence, they form the basis of statutory accounts, and the two names are often used interchangeably.
For most limited companies, your statutory accounts need to be filed with Companies House within nine months of your financial year end. We help you keep on top of key dates and make sure your documents are submitted on time.
Not always. It depends on the level of service you require. Statutory accounts focus on compliance and external reporting, while management accounts are used internally to help you run your business. That said, many of our clients choose to combine both. If management accounting is something you'd like help with, too, let us know, and we'll happily discuss it with you.