Year-end Accounts for limited company and sole trader

Financial Accounting & Accounts Preparation for Limited Companies

Statutory Accounts for Limited Companies: What You Need to Know

If you run a UK limited company, you are legally required to prepare and submit statutory accounts (also known as annual accounts) at the end of each financial year. These accounts must comply with Companies House and HMRC requirements and provide an accurate picture of your company’s financial position.

Statutory accounts typically include:

A balance sheet

A profit and loss account

Notes to the accounts

Confirmation of compliance with UK accounting standards

Preparing statutory accounts can feel complex, but you don’t have to manage it alone. Our expert statutory accounts and compliance services for limited companies ensure your accounts are accurate, compliant, and submitted on time—giving you complete peace of mind.

Let our professional accountants handle your statutory accounts so you can focus on growing your business.

What’s Included in Your Statutory Accounts?

For all UK limited companies, statutory accounts (also known as annual accounts) must meet Companies House and HMRC compliance requirements and provide a clear overview of your company’s financial performance and position.

Your statutory accounts typically include:

Balance sheet – A snapshot of your company’s financial position at the end of the financial year, showing what the business owns, what it owes, and what is owed to it.

Profit and loss statement – A detailed report of your company’s income and expenses, showing whether the business made a profit or loss during the accounting period.

Notes to the accounts – Supporting information that explains accounting policies, key figures, and provides essential context to the financial statements.

Preparing accurate statutory accounts is essential for legal compliance, financial transparency, and informed decision-making. Our expert accountants ensure your accounts are prepared correctly, in line with current UK accounting standards, and submitted on time.

Additional Statutory Account Requirements for Larger Companies

Depending on the size and structure of your UK limited company, there may be additional statutory reporting requirements as part of your annual accounts.

Larger companies may also be required to include:

Directors’ report – A formal review prepared by the directors, outlining the company’s performance, financial position, and key developments during the financial year.

Auditor’s report – An independent assessment of your company’s financial statements, confirming whether they present a true and fair view in accordance with UK accounting standards.

These additional reports enhance financial transparency and regulatory compliance and are essential for meeting Companies House and HMRC obligations.

Our experienced accountants can advise whether these requirements apply to your business and ensure all statutory documents are prepared accurately and in line with current regulations.

Expert Help With Your Statutory Accounts

At AD Accounting and Business Solutions Limited, we specialise in preparing statutory accounts for UK limited companies in full compliance with International Financial Reporting Standards (IFRS) or UK Generally Accepted Accounting Practice (UK GAAP).

Our expert accountants help you:

Prepare accurate and compliant statutory (annual) accounts

Meet all Companies House and HMRC filing requirements

Choose the correct reporting framework (IFRS or UK GAAP) for your business

Speed up the year-end accounts process while reducing compliance risk

With a strong focus on accuracy, efficiency, and regulatory compliance, we take the stress out of statutory accounts so you can focus on running and growing your business.

Contact us today to learn how our statutory accounts services can support your business.

Sole Trader Support

Services for Sole Traders

We offer a complete range of accounting services tailored specifically for sole traders, including:

Registration & HMRC Compliance
Registration for Self Assessment and ongoing support to ensure you meet all HMRC and regulatory requirements.

Bookkeeping Services
Accurate management of your day-to-day financial records, keeping your accounts organised, compliant, and up to date.

Business Expenses & Allowable Deductions
Expert guidance on tracking expenses and claiming allowable business costs to legally reduce your tax bill.

Self Assessment Tax Returns
Preparation and submission of your Self Assessment tax return, ensuring accuracy, compliance, and minimising the risk of penalties.

VAT Registration & VAT Returns
Support with VAT registration, VAT returns, and ongoing VAT compliance where applicable

Why Choose Our Sole Trader Accounting Services?

At AD Accounting, we pride ourselves on delivering accurate, transparent, and affordable accounting services for sole traders. We ensure all income is correctly declared, expenses are properly claimed, and your tax obligations are managed efficiently—giving you peace of mind and more time to focus on growing your business.

Outsource your sole trader accounting to us and focus on what you do best—running your business.

At AD Accounting and Business Solutions Limited, we pride ourselves on delivering accurate, transparent sole trader accounting services for UK businesses. We ensure all sources of income are correctly declared, expenses are properly recorded, and your accounts remain fully compliant with HMRC requirements, reducing the risk of errors, penalties, or unnecessary stress.

By outsourcing your sole trader bookkeeping, tax, and Self Assessment to our experienced accountants, you gain clarity, peace of mind, and more time to focus on growing your business with confidence.