company accounts Archives - Page 2 of 2

The balance sheet explained: Liabilities

Published in Company records on February 2, 2024 by David Hill

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…

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

The balance sheet explained: Assets

Published in Company records on January 31, 2024 by David Hill

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,…

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

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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…

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

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