Annual Accounts Preparation

Whereas management accounts are essential in understanding an organisations financial performance, the preparation of statutory accounts is a legal requirement for most limited companies, charities and community benefit societies.

Annual accounts are exactly what they are described as, accounts that cover a 12 month accounting period (this can be shortened or extended under certain circumstances).

For companies registered with Companies House the accounts are normally due no later than 9 months after the end of the accounting period has ended. Whereas Charities have up to ten months to file their annual accounts.

The preparation of the annual accounts is something which ideally is a task undertaken by somebody with accounting knowledge and expertise as well as a thorough understanding of UK financial reporting standards.

As accountants specialising in supporting small to medium sized organisations operating within the voluntary, community and charity sector we are familiar with the statutory requirements when filing annual accounts and take the headache away from approximately 30-40 Birmingham, Solihull and Sandwell based organisations every year.

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