The Companies Act (1985 & 2006) legislate how a limited company conducts its financial affairs and the requirements to file annual accounts/financial statements. The Act sets out the legal requirements with regard to information that must be shown in the financial statements:

             > Directors Report        

             > Profit and Loss

             > Balance Sheet

             > Auditors Report

Most SME’s are able to file abbreviated accounts (without a profit & loss account) with Companies House. The requirement for full financial statements still exist for tax purposes.

Financial Reporting Standards (FRS) are guidelines to the manner and method in how financial transactions are recorded and communicated to all parties.

For financial information to be a useful tool to management it must be accurate, relevant and produced on a timely basis. The abacus network of chartered qualified accountants prides itself in meeting these goals therefore providing you with all the information in an efficient and user-friendly manner.

> Call us now, regarding your statutory accounts, on 020 7183 7997 or fill out our contact form.

Statutory Accounts                                                                     

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abacus accountants is the trading name of abacus Central London Limited, Company Registration No. 06499069.
Registered Office is 160 - 166 Kensington High Street, London, W8 7RG

abacus Central London Limited is Registered as Auditors and regulated for a range of investment business activities by
the Association of Chartered Certified Accountants (ACCA)

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