Annual accounts (statutory accounts)
What it is
The statutory financial statements a UK company prepares each year — typically a balance sheet, profit and loss account and notes. They're filed with Companies House and used for the HMRC tax return.
Why it matters
Accounts are due 9 months after your financial year-end (21 months after incorporation for the first set). Late filing carries automatic penalties of £150 to £1,500, doubled for two consecutive late years.
Common mistake
Leaving bookkeeping until the deadline. Good records throughout the year make accounts faster, cheaper and more accurate.
Official source
GOV.UK — Annual accounts ↗Disclaimer
General educational guidance only — not legal, tax, accounting, immigration, investment or financial advice. We don't guarantee the information is complete, current or suitable for your situation. Always check official sources (GOV.UK, Companies House, HMRC, the relevant professional body) and speak to a qualified professional before acting. Last reviewed: June 2026.