annual accounts Archives

How to calculate company size for year end accounts preparation

Published in Company records on May 7, 2025 by Jayne Challinor

The Companies Act 2006 may allow you to prepare and file a simpler set of year end accounts, dependent upon your company’s size. But how do you determine what size your company is for the purposes of accounts preparation?…

Read

Tags: accounting, annual accounts, company size, large companies, medium companies, micro entities, small companies, statutory accounts

Micro-entity accounts: your questions answered

Published in Company records on May 7, 2025 by Jayne Challinor

A micro-entity is a very small company or LLP. We will define the criteria for micro-entity status below. Micro-entities may be able to produce a much simpler set of year end accounts for their members and provide less…

Read

Tags: accounting, annual accounts, Companies House, company size, micro entities, statutory accounts

The income statement (profit & loss account) explained

Published in Company records on November 23, 2023 by David Hill

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…

Read

Tags: company accounts, accounts, annual accounts, micro-entity accounts

What is a balance sheet?

Published in Company records on June 19, 2023 by David Hill

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…

Read

Tags: company accounts, accounts, annual accounts, micro-entity accounts, statutory accounts

When are my annual accounts due?

Published in Company records on February 17, 2023 by Jayne Challinor

Even if your company is non-trading or dormant, you must file annual accounts with Companies House.…

Read

Tags: annual accounts, Companies House, company records, filing deadlines, financial statements, statutory accounts

Inform Direct product update – January 2023

Published in Inform Direct news on January 12, 2023 by Jayne Challinor

Responding to customer requests, we’ve just extended our micro-entity accounts feature so that it is now also available to companies limited by guarantee. Using our streamlined flow it’s simple to prepare fully compliant…

Read

Tags: accounting, annual accounts, Companies House, Inform Direct, micro entities, news, statutory accounts

2025 Review
of UK Company Formations

Read our comprehensive review of UK company formations in 2024, 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

View Statistics