A limited company is obligated to prepare statutory accounts annually to demonstrate its financial performance. These accounts, typically comprising a balance sheet, profit and loss account, and cash flow statement, are subject by accounting standards set by the Companies House. It is crucial for companies to conform with these standards to ensure

For any limited company running in the United Kingdom, the preparation of accurate statutory accounts is crucial. These accounts provide a comprehensive overview of the company's financial performance over a specific period. Preparation should be undertaken with great care, ensuring full compliance with all relevant accounting standards. Failure to