Davenports Accountancy

We bring you the best possible solutions for the growth and prosperity of your business or your personal finances.

You can’t go wrong with Davenports.

Latest Posts

0161 713 0157

hello@davenportsaccountancy.co.uk

Top

Financial Statements for Limited Companies

Accurate. Compliant. Insightful.

 

At Davenports Accountancy, we do more than prepare statutory accounts. We help you understand what the numbers mean and how they can support better decisions for your business.

 

Whether you are filing your first set of company accounts or managing more complex reporting requirements as your business grows, we provide clear, practical support tailored to you.

Contact Us Today To Get Started

    Calculator on financial statements for limited company accounts

    What Are Financial Statements — and Why Do They Matter?

    If you run a limited company, annual accounts are an important part of your statutory reporting responsibilities. They provide a formal record of your company’s financial position and performance and are used for Companies House filing, tax reporting and wider business planning.

     

    But your accounts should do more than simply meet a deadline. They can highlight changes in profitability, cash position, liabilities and reserves, helping you understand how the business is performing and where attention may be needed.

     

    At Davenports, we prepare compliant company accounts while also taking the time to explain the numbers clearly, so you know what is being filed and what it means for your business.

    What Our Clients Say

    Get in touch today….

    Need your limited company accounts prepared, reviewed or explained? Speak to our team and we’ll help you understand what is required and what your numbers are telling you.

    Let's Begin

    What’s Included?

    We prepare company accounts in line with the reporting requirements that apply to your business. Depending on your company’s size and circumstances, this can include:

    • Profit and Loss Account
    • Balance Sheet
    • Notes to the Accounts
    • Directors’ Report, where required
    • Abridged accounts, where appropriate and agreed
    • Micro-entity accounts, where your company qualifies
    • Supporting corporation tax computations and CT600 preparation

    We also explain the figures in plain English. If something in your accounts is unclear, we’ll talk you through it so you understand what has been reported, why it matters and whether there is anything you should act on.

    A More Human Approach to Compliance

    Year-end accounts can feel like an annual compliance exercise, but they are also an opportunity to review the financial health of your business.

     

    We manage deadlines, prepare the required statements and make the process as straightforward as possible. Just as importantly, we take the time to discuss your results, answer your questions and highlight anything worth considering before the next financial year progresses too far.

     

    Our aim is to give you clarity and confidence, rather than handing you a set of accounts full of terminology you are expected to decipher yourself.

    Calculator, financial paperwork and pen for company accounts

    How We Help

    • Deadline management – we keep track of your reporting dates and help you prepare in good time.
    • Clear explanations – straightforward guidance without unnecessary jargon.
    • Proactive advice – we highlight issues, trends and opportunities we identify while preparing your accounts.
    • Digital processes – secure online exchange of records and digital filing where appropriate.
    • Human support – access to accountants who understand your business and can answer your questions.

    Why Choose Davenports?

    We work with small and growing UK limited companies across a wide range of sectors. Our support is flexible, practical and tailored to the level of involvement you need.

     

    We work with popular accounting platforms including Xero, QuickBooks, Sage and KashFlow, allowing us to fit into the systems you already use wherever possible.

     

    Most importantly, we treat annual accounts as more than a filing exercise. We want you to leave the process with a clearer understanding of your business and the confidence to make informed decisions.

    Ready for Clarity and Confidence?

    Whether your year end is approaching, your accounts are overdue, or you simply want a second opinion on your current reporting, we can help.

     

    Book a discovery call or send us your latest draft accounts for an initial conversation about what you need and how we can support you.

    FAQs

    What financial statements does a limited company need?

    The exact content depends on the size and circumstances of the company, but annual accounts commonly include a balance sheet, profit and loss information and supporting notes. Some companies may also need a directors’ report or additional disclosures. We can confirm what applies to your company.

    When do limited company accounts need to be filed?

    Companies House deadlines depend on whether it is the company’s first set of accounts or a later accounting period. We track the relevant deadline for you and help make sure the information is prepared and filed on time.

    What are micro-entity accounts?

    Micro-entity accounts are a simplified form of statutory accounts available to companies that meet the relevant eligibility criteria. They contain fewer disclosures than full accounts. We can check whether your company qualifies and whether this reporting option is appropriate.

    What are abridged accounts?

    Abridged accounts contain less detailed information than a full set of accounts and may be available to qualifying small companies where the required conditions are met. We can explain the options and prepare the appropriate format for your business.

    Is the CT600 part of the financial statements?

    The CT600 is the company’s Corporation Tax return rather than part of the statutory accounts themselves. However, the accounts and corporation tax computation are closely linked, so we can prepare the relevant tax return and supporting calculation alongside your company accounts.

    Can you explain my company accounts to me?

    Yes. We believe understanding your accounts is just as important as filing them. We can talk you through the key figures, answer your questions and highlight areas that may deserve attention.

    Make Your Accounts Work for You

    Talk to Davenports about preparing your limited company financial statements and getting more value from the numbers behind your business.