Statutory Accounts
Preparing statutory annual accounts for companies and LLPs has always been a core responsibility of accountancy practices. Since the inception of limited liability, such accounts traditionally included an auditor’s report. This remained standard until the introduction of audit exemptions for smaller entities.
These days, many statutory accounts are submitted without a formal audit, relying instead on the competence and quality of the accounting firm supporting the process.
With over 2,000 sets of statutory accounts prepared annually, we’ve honed our methods to ensure clarity, consistency, and reliability. We often enhance these reports with added commentary and breakdowns to support better interpretation.
Our deep expertise spans IFRS, FRS 102, FRS 102 Section 1A (for small entities), UK GAAP, and company law. This allows us to prepare accounts for companies across all sectors and sizes, including publicly listed firms and their subsidiaries.
We are also proficient in preparing consolidated group accounts, whether through acquisition or merger accounting, allowing us to serve more complex business structures effectively.
Due to ethical constraints preventing auditors from preparing accounts they will audit, more companies are turning to independent firms for their statutory accounts. As a specialist mid-sized firm, we're well-positioned to meet this rising demand with impartial, expert support.
DISTINGUISHED CUTS is dedicated to building long-lasting relationships with our clients—always going the extra mile to support your success.
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