A year-end Income Statement presents a summary of a company's revenue and expenses for the 12 months prior to the end of a fiscal year and a year-end Balance Sheet presents a summary of company’s assets, liabilities, and capital. For many businesses, their fiscal year mirrors a calendar year and ends on December 31, but just as many businesses use a custom fiscal year that ends in some month other than December.

Every company should essentially prepare its Statutory/Company accounts annually. The purpose of doing this would be to produce a simplified breakdown, an account of the financial state that the Limited Company is in that year and how it is performing.

At SEARS Accountants, we can assist you with the preparation and filing of your company accounts. We will also be fully compliant with the format and disclosure requirements. You also will not have to worry about incurring any penalties because SEARS Accountants will make sure you never miss a deadline.