Statutory Accounts

Financial Reporting Support

Every company needs to prepare accounts each year, and put them on public record and file them with HM Revenue and Customs in support of their corporation tax filings. So, the year end can be a difficult time which most companies simply want to get through and then forget.

But with an understanding of current accounting Standards and Financial Reporting regulations, we can prepare the company’s annual financial statements for you, to ensure compliance with the relevant laws and regulations, and readiness for audit, where required.

Standards and Financial Reporting Advisory

Financial reporting standards have become extremely complex and technical over the years as the regulators have extended them to cover the ever increasing complexity of business in the 21st Century. Despite attempts to exempt smaller companies from the aspects that are only applicable to the largest organisations, all companies are affected to a certain extent by the complex financial reporting requirements.

At the same time, even the smallest companies have started taking part in more and more sophisticated activities without realising the complexity of reporting on the relevant transactions in their accounts. For example:

Joint ventures or other collaborations
Capped or variable interest loans
Employee share options and incentive schemes
Hedging and other types of forward currency transaction

We can ensure that getting involved in this sort of more sophisticated transaction won’t result in a financial reporting headache further down the line.

Our Statutory Accounts team brings together a unique set of skills and expertise to offer high-level advice on issues relating to FRS 102, IFRS, the changes from UK GAAP and the Companies Act 2006.

We believe that many corporate transformations will work better if they are led from the outset by financial reporting. This radical approach gives organisations a clearer perspective from which to make decisions, a robust structure within which to plan projects and a smoother transition which avoids tedious and costly compliance and audit issues later on.