How to File Final Accounts to HMRC and Companies House
Final accounts are an important part of a company’s financial reporting process, providing a comprehensive snapshot of its financial position at the end of an accounting period. But what exactly are they, and why are they important?
Final accounts, also known as year-end accounts or statutory accounts, are a set of financial statements that businesses must prepare and submit to HM Revenue and Customs (HMRC) and Companies House. These documents include a balance sheet, profit and loss account, and often additional reports depending on the company’s size.