accounts
This article gives some simple examples of how to break down liabilities on the balance sheet for a UK company. It deals with micro-entity accounts because they are the simplest example. Also, micro-entities are by far the most…
The balance sheet explained: Assets
This is an introduction to classifying items in the assets section of the balance sheet for a micro-entity, the smallest type of company. It’s a good place to start because it’s one of the simplest forms of company accounts,…
The income statement (profit & loss account) explained
This guide will help you understand the income statement (profit and loss account) for small companies and micro-entities. It covers how to get your income statements filed on time with Companies House and HMRC and be compliant…
Navigating the ECCT Act 1: Changes to accounts filing at Companies House
The Economic Crime and Corporate Transparency Act (ECCTA) has introduced a set of changes to how companies file their accounts with Companies House. Here we lay out what we currently know about the coming changes and how they will…
How will the ECCT Act impact companies?
The Economic Crime and Corporate Transparency Act 2023 (ECCTA) is now law and will have significant impact on how companies interact with Companies House. Here we give a summary of how it will most directly affect the running of…
What is a balance sheet?
A balance sheet is a key financial statement that provides a snapshot of a company’s financial position at a specific point in time. An alternative name for it is a ‘statement of financial position’. In…
2024 Review
of UK Company Formations
Read our comprehensive review of UK company formations in 2023, year-on-year growth rates and breakdown by county. This detailed insight is provided in the form of easy to understand infographics available for sharing through social media and on your own website