Your accountant or your accounting software will usually help you to format your annual accounts properly and to include all the necessary information. This page will generally cover basic company information: Directors, Accountants, Registered office, Lawyers and Bankers. There are some limited company accounts templates and examples online, including on the Sage website. Many companies  qualify to submit accounts as a micro-entity, see our guide to Micro-Entity statutory accounts format. If the government counts your business as a ‘small company’ or a ‘micro-entity’, you may be able to send simpler accounts to Companies House and not need to be audited. 1. In addition, consideration needs to be given to the accounting reporting requirements of the business, one business might simply want to know total sales, and will have only one sales account, whereas another business might want to know sales by categories such as retail, service, wholesale, online etc. Note that each account is assigned a three-digit number followed by the account name. They provide a format for such accounts and set out the key disclosures contained in the Charities SORP (FRS 102). Find this article useful? Xbridge Limited (No: 3967717) has its registered office at 6th Floor, 99 Gresham Street, London, EC2V 7NG. These accounts are sent to HMRC, Companies House and also company shareholders. 6th Floor.css-v27edy{display:block;height:10px;}99 Gresham StreetLondonEC2V 7NG, Sol House29 St Katherine's StreetNorthamptonNN1 2QZ. The income statement gives a summary of the company’s revenue, expenses and net income. Your .css-z7m6s5{color:#262626;-webkit-text-decoration:none;text-decoration:none;cursor:pointer;color:#007478;}.css-z7m6s5:hover{color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}statutory accounts are annual financial records that are prepared at the end of your company’s financial year and sent to shareholders, Companies House, and HMRC as part of your tax return. Your company counts as ‘small’ if it has at least two of the following: a turnover of £10.2 million or less, £5.1 million or less on its balance sheet, and 50 employees or fewer. Keep up to date with Simply Business. The account form consists of two columns displaying assets on the left column of the report and liabilities and equity on the right column. The template will enable you to set up your business name, enter the dates and categories for sales and expenses. All the account numbers that are included in the trial balance as well as the appropriate account descriptions therefore need to be entered or copied onto the Key sheet in columns A and B. If you qualify as a ‘small’ company in the eyes of HMRC, you can submit abbreviated accounts. The right policy can provide…, Our easy-as-peas guide is built for one thing: getting you started with Google Analytics. 3. ACCOUNTS TEMPLATE LIMITED - Free company information from Companies House including registered office address, filing history, accounts, annual return, officers, charges, business activity Charitable company accounts templates: completion notes December 2016 2 of 22 Purpose of pro forma accounts These pro forma accounts are designed to help small company charities prepare and present accruals accounts. (c) Financial Statements (Final Accounts) of a partnership business The income statement (trading and profit and loss account) of a partnership business follows the same format as that of a sole trader. .css-1i7ddjg{color:#262626;-webkit-text-decoration:none;text-decoration:none;cursor:pointer;color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}.css-1i7ddjg:hover{color:#007478;-webkit-text-decoration:underline;text-decoration:underline;}Read our full disclaimer. The cover page includes the company name, company registration number and company year-end date. For example, if you incorporated your company on the 6th of July 2018, your first ARD will be on the 31st July 2019. and so will have multiple sales accounts. For example, if the first digit is a "1" it is an asset, if the first digit is a "3" it is a revenue account, etc. Statutory Accounts must meet specific standards which is what the accountstemplate.co.uk can help you with. However, it’s important to understand that even if you use an accountant, company directors are still the ones who are legally responsible for making sure accounts are accurate. This amended approach means that for company accounting periods beginning on or after 1 January 2016 the option to file abbreviated accounts is no longer available. You can also do your company accounts on paper and send them to Companies House in the post. The only difference is that interest on a loan from a partner may be included in the expenses of the profit and loss section. When you form your company, your first accounting reference date will be a year later, on the last day of the month you incorporated. Accounts Template. You can only send abridged accounts if all your company members agree to it. Depending on the size of your business, you may also have to include a director’s report and an auditor’s report. 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