Statutory Accounts

Every UK limited company must prepare statutory accounts under the Companies Act 2006 and file them at Companies House — even dormant ones. Which framework applies, what must be disclosed and what can stay private all depend on your company's size, and the size thresholds rose substantially from April 2025. We prepare statutory accounts across the full range — FRS 105 micro-entity, FRS 102 Section 1A, full FRS 102 and IFRS — and handle the iXBRL tagging and filings, with your corporation tax return aligned by the same team.

What are Statutory Accounts?

Statutory accounts are the annual financial statements the Companies Act 2006 requires from every limited company. They serve three audiences at once: Companies House (the public record), HMRC (attached to your corporation tax return) and your shareholders. Depending on company size they include a profit and loss account, balance sheet, notes, and for larger companies a cash flow statement, directors' report and strategic report. Getting the framework and disclosures right matters — the accounts are public, permanent and read by lenders, credit agencies, customers and competitors.

The Right Regime for Your Size

For financial years beginning on or after 6 April 2025, the company size thresholds are: - Micro-entity: turnover £1m or less, balance sheet £500,000 or less, 10 or fewer employees — simplest accounts under FRS 105 - Small: turnover £15m or less, balance sheet £7.5m or less, 50 or fewer employees — FRS 102 Section 1A, with the option to file filleted accounts (no public profit and loss account) and usually audit exemption - Medium: up to £54m turnover, £27m balance sheet, 250 employees — full FRS 102 - Large: above medium — full FRS 102 or IFRS with the most extensive reporting

Each threshold is met by satisfying two of the three criteria, generally for two consecutive years. The roughly 50% uplift in April 2025 moved thousands of companies into lighter regimes — we check where you sit every year.

Our Statutory Accounts Services

- Full statutory accounts preparation under FRS 105, FRS 102 (full or Section 1A) or IFRS - Filleted and micro-entity filing versions to minimise public disclosure where you qualify - Directors' reports and strategic reports where required - Dormant company accounts - iXBRL tagging, validation and electronic filing at Companies House - Corporation tax return (CT600) prepared from the same figures - Audit liaison where an audit is required or chosen

Deadlines and Penalties

Private companies must file at Companies House within 9 months of the accounting reference date (public companies within 6 months; first accounts within 21 months of incorporation). Late filing penalties are automatic: £150 up to one month late, £375 up to three months, £750 up to six months and £1,500 beyond — doubled if you file late two years in a row. Corporation tax runs on its own clock: payment 9 months and 1 day after year end, return within 12 months. We run the whole calendar with reminders, so none of these numbers ever apply to you.

What You Get With Acumon

• All frameworks covered: FRS 105, FRS 102, Section 1A and IFRS
• Annual size-regime checks under the raised 2025 thresholds
• Filleted filing to keep your profit and loss account off the public record
• iXBRL tagging and electronic filing included
• Corporation tax return aligned by the same team
• Deadline tracking and reminders — no automatic penalties, ever
• Clear explanation of the numbers before you sign

Why Acumon for Statutory Accounts?

• ICAEW-registered firm of chartered accountants
• On-demand, UK-based delivery from a team of 90+ staff
• Accounts, iXBRL and corporation tax handled by one integrated team
• Xero Gold Partner, with Sage and QuickBooks support for your records

Get a Fixed-Fee Quote

Tell us what you need and we'll come back within one business day with a clear scope and a fixed price — no hourly-rate surprises. Call 020 8567 3451 or use the form and we'll be in touch.