Professional Statutory Accounts Preparation for UK Companies – Accurate Reporting, Full Compliance and Expert Support

Every UK company must prepare statutory accounts annually. These are not just financial documents—they are legally required statements that demonstrate the company’s financial position, performance, compliance, and transparency. Whether you run a startup, SME, holding company or a large organisation, your statutory accounts influence everything: tax liability, investor confidence, creditworthiness, commercial relationships, and your overall corporate reputation.

Statutory accounts must follow strict rules set out by the Companies Act 2006, HMRC, Companies House and applicable UK accounting standards (FRS 102, FRS 105, IFRS, or other frameworks depending on company size and nature). Preparing these accounts correctly requires professional expertise, technical accuracy and a clear understanding of both regulatory and commercial expectations.

Audit Consulting Group offers specialist statutory accounts preparation services designed to make financial reporting stress-free, accurate and fully compliant. Our team supports directors, shareholders and business owners in fulfilling their legal responsibilities while presenting accounts that genuinely reflect the health and performance of the company.

From detailed ledger reviews and adjustments to year-end closing, disclosure notes, director statements, corporation tax alignment and filing support—we manage every element with precision and care.

Why Statutory Accounts Matter for Every UK Business

Statutory accounts are the formal financial statements that a company must prepare every year, covering its performance, financial health, assets, liabilities and equity. These documents help stakeholders understand how the company operates and whether it is being managed responsibly.

Well-prepared statutory accounts offer a wide range of benefits:

Clear financial insights

Accurate accounts help directors understand cash flow, profitability and long-term performance.

Legal compliance

Failure to file accounts on time leads to penalties, public records damage and increased regulatory scrutiny.

Better decision-making

The accounts guide investment, growth planning, budgeting and risk management.

Trust and transparency

Investors, banks, lenders and partners rely on accounts as a central point of truth.

Smooth audits and tax submissions

High-quality accounts minimise tax errors and streamline HMRC interactions.

Business valuation

During investment rounds, sales, or restructuring, statutory accounts provide essential data.

Audit Consulting Group ensures your accounts serve their true purpose—not just compliance, but long-term financial clarity.

What Is Included in Statutory Accounts?

Statutory accounts vary depending on company size and reporting standards but generally include:

Balance Sheet

A full snapshot of assets, liabilities and equity.

Profit & Loss Statement

Shows income, costs, operating results and overall performance.

Notes to the Accounts

Detailed explanations supporting the numbers, accounting policies, and disclosures.

Director’s Report

Where applicable, a summary of activities, risks, responsibilities and governance.

Accountant’s Statement

Confirmation of preparation under relevant standards.

Shareholder Information

Ownership structure, dividends, capital movements and equity analysis.

Optional: Cash Flow Statement

Included for certain company sizes or upon request.

Corporation Tax Alignment

Ensuring statutory accounts match CT600 requirements.

Our specialists ensure that every component is accurate, complete and aligned with UK accounting rules.

Advanced Professional Services Included

Detailed Year-End Ledger Review

We analyse income, expenses, accruals, prepayments, journals, depreciation, amortisation, provisions and other adjustments.

Fixed Asset Register Management

Full computation of depreciation under selected accounting policies.

Share Capital and Equity Reconciliation

Reviewing share movements, dividends, reserves, and structural changes.

Director Loans Review and Compliance

Ensuring loan accounts meet HMRC regulations.

Accounting Framework Selection

We apply the appropriate standard:

• FRS 102
• FRS 102 Section 1A
• FRS 105 (micro-entity standard)
• IFRS (if applicable)

Disclosure Note Preparation

Tailored to your company’s industry and requirements.

Corporation Tax Consideration

Ensuring tax-efficient outcomes and compliance.

Companies House Filing Support

We file your accounts electronically and confirm submission.

HMRC Filing Alignment

Data prepared in accordance with digital tax reporting needs.

Who Needs Professional Statutory Accounts Preparation?

Statutory accounts are required for almost every UK company, but professional support is especially important for:

Growing companies

Where financial accuracy affects investment and decisions.

Startups

Needing clear, organised financial records to demonstrate stability.

SMEs

With complex operations, varying income streams and new compliance challenges.

Holding companies and investment firms

Where asset valuations and equity structures require precise handling.

Businesses facing financial complexity

Group structures, share schemes, loans, or multi-location operations.

Companies preparing for sale or investment

High-quality accounts increase business valuation and trust.

Companies that want stress-free compliance

Our team handles every detail so directors can focus on strategy.

Why Choose Audit Consulting Group?

UK-based accounting specialists

We understand the needs of UK businesses across all sectors.

High-accuracy reporting

We test, validate and reconcile all balances for full confidence.

Transparent pricing

Clear, fixed-fee packages tailored to company size and complexity.

Hands-on communication

Our team explains everything in plain English.

Fast turnaround times

Ideal for urgent filings or missed deadlines.

End-to-end compliance

We support the entire financial and statutory cycle:

• bookkeeping
• VAT returns
• payroll
• corporation tax
• statutory filings
• confirmation statements
• advisory

Long-term partnership

Our goal is to support efficient growth and ongoing compliance.

Detailed Process for Statutory Accounts Preparation

Step 1 – Initial Consultation and Information Gathering

We request ledgers, bank statements, payroll summaries, invoices, expenses, loan statements and any documents relevant to the reporting year. This stage ensures we fully understand your company’s structure, industry and financial activity.

Step 2 – Review of Accounting Records

We evaluate bookkeeping quality and identify corrections needed before preparing accounts. This may include adjusting historical entries, reclassifying balances or ensuring ledger accuracy.

Step 3 – Year-End Adjustments

We apply professional accounting adjustments based on your operations and standards. This includes accruals, prepayments, depreciation, provisions, tax adjustments and revaluations.

Step 4 – Draft Accounts Preparation

We prepare the full set of statutory financial statements, including disclosures, director statements and required notes.

Step 5 – Review & Approval

We walk directors through the accounts, explaining each section and confirming that the statements reflect the business accurately.

Step 6 – Finalisation & Filing

Once approved, we submit your accounts to Companies House and prepare the foundation for your corporation tax return.

Common Issues Our Service Helps You Avoid

Late filing penalties

Ranging from £150 to £1,500 depending on delay.

Incorrect accounting treatments

Which can lead to tax issues or inaccurate reporting.

Misstated assets or liabilities

Affecting investor trust and financial planning.

Non-compliant disclosures

Triggering regulatory scrutiny.

Director loan mismanagement

A common source of HMRC penalties.

Errors in share capital reporting

Affecting ownership clarity.

Our goal is to protect your company from all compliance and financial risks.

Case Studies

Case Study 1 – Startup Preparing for Investment

A tech startup with disorganised bookkeeping needed statutory accounts urgently for investor review. We reconstructed ledgers, corrected previous errors, applied FRS 105 and delivered investor-ready accounts within one week. The company successfully closed its seed round shortly after.

Case Study 2 – SME With Multi-Department Operations

A retail company struggled with department-level accounting and inventory consistency. Our team reorganised cost allocations, updated asset registers and produced a strong set of statutory accounts. This later helped the business secure a bank loan for expansion.

Case Study 3 – Holding Company With Significant Assets

A property holding company required accurate valuations and detailed notes. We performed full reconciliations, reviewed capital structures, and prepared FRS 102 Section 1A accounts. The improved accuracy enabled smooth refinancing negotiations with the bank.

FAQ – Statutory Accounts Preparation

What are statutory accounts?

They are the official annual financial statements required by UK law for all limited companies.

When are statutory accounts due?

Nine months after the company’s financial year end.

What accounting standard should my company follow?

This depends on your company size—FRS 102, Section 1A, or FRS 105 for micro-entities.

Can you help if my bookkeeping is incomplete?

Yes. We can clean up your records before preparing statutory accounts.

What happens if accounts are filed late?

Companies House applies financial penalties, increasing with delay.

Do you file the accounts for me?

Yes. We prepare, finalise and file your accounts electronically.

Do statutory accounts link to my Corporation Tax return?

Yes, the tax return is based on statutory accounts figures and adjustments.

Can you work with group companies?

Absolutely. We support groups, holding structures and multi-entity operations.

Do directors need to approve the accounts?

Yes. Directors are legally responsible for approving and signing them.

Contact Audit Consulting Group

Ensure your statutory accounts are accurate, compliant and professionally prepared.
Speak with our accounting and compliance specialists today to simplify your year-end obligations and gain clarity over your financial position.

Phone: +44 7386 212550
Email: info@auditconsultinggroup.co.uk
Website: Audit Consulting Group – UK Statutory Reporting & Compliance Experts

We help your company stay compliant, make informed decisions, and maintain financial transparency year after year.