A limited company is obligated to prepare statutory accounts annually to demonstrate its financial position. These accounts, typically comprising a balance sheet, profit and loss account, and cash flow statement, are governed by accounting standards set by the Companies House. It is crucial for companies to adhere with these regulations to ensure

For any limited company running in the United Kingdom, the preparation of accurate statutory accounts is essential. These accounts provide a detailed snapshot of the company's financial position over a specific fiscal year. Preparation should be undertaken with utmost care, ensuring full compliance with all relevant accounting standards. Failure to