Year End Account or Report, Annual Accounts or Statements - all the same, completed by Professionals

Year End Accounts have many names: "Annual Accounts", "Annual Statements", "Council's
Accounts", "Year End Reports"... Yet, they all mean the yearly report of the financial statements of a company.

Our accountants will prepare them on the basis of the information provided by you. These are your:

• Sales records (sales invoices)
• Purchase records (purchase Invoices)
• Bank statements with cheque receipts and payment details
• Any cash expenses or income record

Once the accounts are finalized and signed by the director of the company, they will be filed with Companies House (the register of companies).

Director's report

The director's report is intended to report to HMRC the directors' explanations and interpretations of the profit/loss, the state of affairs of the group and any other matters which may be material for the stakeholders' attention. The report matters are different for each company. However, some matters are applicable to most Ltd companies.

Outlining the principal activity

Business Review

In the business review you'll be comparing

• the sales turnover  
• the trading margins
• the resulting implication and reflection of the market
  

of the year under review with the previous year.

Dividends Declaration

In the dividends declaration you'll be

1. Declaring your dividends payment based on

• retained earnings  
• financial results of the year under review
  

2. Outlining the total number of shares issues to whom

Financial Control

In this section directors acknowledge responsibility for the company's financial control and any relevant points that can be made in that respect.

Purchase records (purchase Invoices)

Profit & Loss accounts

Balance sheet