Business Setup & Legalintermediate
Statutory Accounts
Definition
The annual financial statements that every limited company must file with Companies House, including a balance sheet, profit and loss account, and notes.
Why it matters
Filing statutory accounts late results in automatic fines starting from £150, rising to £7,500 for repeated lateness. They are also public, anyone can look up your company's financials.
Example
A limited company with a March year-end must file accounts at Companies House by 31 December the same year, 9 months after year-end.
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