Accounts

As a dedicated team of professional accountants, Theataccounts are here to assist you with all aspects of your annual accounts, including the submission process to Companies House if required.

What are Annual Accounts?

Annual accounts, also known as financial statements, are comprehensive reports that provide a snapshot of a business’s financial performance and position over a specific period, usually a year. These accounts include key financial statements such as the profit and loss account and balance sheet. Theataccounts can provide comprehensive financial reporting that can assist any entertainment professional or business to make informed decisions.  

UK Limited Companies and Limited Liability Partnerships must submit accounts to Companies House each year.  Self employed individuals and partnerships do not have to submit accounts, but Theataccounts always ensure accounts are produced as they provide an overview of activity for the relevant period.

Annual accounts serve multiple purposes and are essential for various stakeholders, including shareholders, investors, creditors, and regulatory bodies. Keep on top of your annual accounts with the continued support of our team, serving the entertainment industry across the UK.  

Submitting annual accounts is a legal requirement for most businesses registered in the UK. Failure to comply with this obligation can result in penalties or even legal action, something no one wants to face. Avoid these potential penalties with forward-thinking accountants to keep on top of your financial affairs.  

Companies House is the official government register for companies in the United Kingdom, it is responsible for collecting, verifying, and storing information about registered companies, including their annual accounts. As your trusted accountants, Theataccounts can assist you with the process of submitting your annual accounts to Companies House.

To get started or learn more about our accounting services, please contact our team of friendly experts that are true experience in navigating the entertainment industry.