What statutory accounts are
Statutory accounts are the annual financial statements a limited company prepares to show financial performance and position at year end. They include a balance sheet, a profit and loss account and supporting notes, with extra reports depending on company size.
Prepared from the accounting records, they support reporting obligations to Companies House and HMRC. We help you understand your tax position and plan payments, with organised documentation for future periods.
Definition and purpose
Formal year-end statements showing your financial position and performance for owners, lenders and regulators.
Statutory compliance
They support Companies House filing and HMRC Corporation Tax obligations.
Decision-making
They inform investment, funding and growth decisions and build investor confidence.
Transparency
They give stakeholders a clear, properly disclosed view of reported figures.
Our services
Trial balance review
We review your trial balance before drafting, so issues are caught early.
Journals and year-end adjustments
Journal adjustments, accruals and prepayments, fixed asset schedules and depreciation.
Financial statement preparation
Full statements with supporting working papers, ready for review.
Companies House accounts
Formatted and ready for iXBRL tagging and filing.
FRS 102, FRS 105 and IFRS
Reporting under the framework your business needs.
Sole trader and partnership accounts
Year-end accounts for unincorporated businesses too.
Comprehensive Statutory Accounts Preparation
Our statutory accounts preparation support helps businesses organise financial information and prepare accurate annual accounts in line with applicable accounting standards and statutory requirements. We review trial balances, reconcile ledger accounts and prepare year-end adjustments, including accruals, prepayments and provisions. Each figure is cross-checked against the underlying accounting records to reduce errors and queries later on. Our team checks fixed assets, depreciation, bank balances and liabilities, identifies the appropriate reporting framework and prepares complete financial statements with supporting notes and accounting policies, ensuring figures are properly supported, consistent and presented clearly for readers.
We also assist with directors’ reports, related party disclosures and comparative figures, helping maintain consistency with prior periods and compliance with reporting requirements, so readers can trust the information. Working closely with management, we review going concern considerations and significant events after the reporting date, identifying information requiring adjustment or disclosure and agreeing any necessary changes, ensuring the financial statements reflect the company’s actual position at the reporting date.
Finally, we assemble referenced working papers, reconciliation schedules and supporting records into one organised file, providing a clear audit trail that makes review, approval and filing by your directors and appointed advisers efficient, while giving your team a dependable reference for future reporting periods and any subsequent queries.
Why choose E-Tech Consultancy & Services
- Experienced accountants
- Dedicated teams
- UK expertise in FRS 102, FRS 105 and Companies House
- Transparent pricing
- Strict confidentiality and secure cloud systems
- Flexible engagement models
- Agreed turnaround SLAs
- Second-reviewer quality check
- Direct communication during UK working hours
Frequently Asked Questions
Let’s Discuss Your Requirements
Have a question about our services? Speak with our team to discuss your engagement, deadlines and the support you need.
What are Statutory Accounts?
The formal year-end financial statements used for statutory filing and business reporting. They typically include a balance sheet, a profit and loss account and supporting notes, and show your company’s financial performance and position to owners, lenders and regulators.
Do you Prepare Companies House Accounts?
Yes, formatted and ready for iXBRL tagging and filing. We prepare them from your accounting records, check the figures and presentation, and make sure they are ready for director approval before filing.
Can you Support IFRS and FRS Reporting?
Yes, under FRS 102, FRS 105 or IFRS, depending on your requirement. We identify the appropriate framework for your business and prepare the statements, disclosures and accounting policies to match.
Which Software do you Use?
TaxCalc, Xero, QuickBooks, Sage, FreeAgent, Excel, CaseWare and VT Statutory Accounts.TaxCalc, Xero, QuickBooks, Sage, FreeAgent, Excel, CaseWare and VT Statutory Accounts. We can work from the system you already use, so there is no need to change how you keep your records.TaxCalc, Xero, QuickBooks, Sage, FreeAgent, Excel, CaseWare and VT Statutory Accounts.
How Secure Is Client Data?
Data moves through encrypted, permission-controlled channels under NDAs and access controls. Your financial information is only accessed by the team members working on your accounts, and strict confidentiality applies throughout the engagement.
Do you Work to UK Deadlines?
Yes. Delivery windows are built around Companies House and HMRC deadlines. We agree turnaround times with you at the start and keep you informed of progress, so your accounts are ready for review and filing well before the due date.
Do you Review our Trial Balance Before Preparing the Accounts?
Yes. We review your trial balance before drafting so issues are caught early. We then prepare journal adjustments, accruals and prepayments, fixed asset schedules and depreciation. Cross-checking each figure against your underlying records helps reduce errors and queries later on.
Can you Prepare Accounts for Sole Traders and Partnerships?
Yes. We prepare year-end accounts for unincorporated businesses as well as limited companies. These accounts support your tax filings and give you a clear picture of your trading results for the year.