2 min read
Definition
Statutory accounts (or annual accounts) are the formal year-end financial statements a company must prepare under company law and file at Companies House, comprising a balance sheet, profit and loss and notes.
In plain terms
They are the official, once-a-year figures — the version of your accounts the public and HMRC see. Smaller companies can file abridged or filleted versions, but the full set still underpins the tax return.
Why it matters for your company
Statutory accounts are a legal obligation with hard deadlines and automatic penalties for lateness. They also feed your tax computation and shape how lenders and suppliers judge you — see the year-end process.
Related reading
Annual accounts
Annual accounts (statutory accounts) are the formal, once-a-year financial statements a limited company must…
Read →
The company year-end accounts process, step by step
Your company's year end triggers a chain of tasks that ends with accounts filed at Companies House and a tax…
Read →
Management Accounts vs Statutory Accounts: What Directors Need to Know
Management accounts are produced frequently for internal decision-making, while statutory accounts are the…
Read →Accounts payable
Accounts payable is what you owe suppliers for credit purchases — a current liability and a key lever on…
Read →Funding for UK limited companies
Credicorp lends to your company, not to you personally — short-term working capital with no personal guarantee. See what your business could access.