Accounts & filing
Statutory accounts are the annual legal filing. Management accounts are internal monthly or quarterly numbers used to run the business.
Written and reviewed by Waqas Sagar Member of ICAEW, Fellow of ACCA, Fellow of AAT, a double graduate and entrepreneur at heart, helping startups grow and serving thousands of businesses nationwide with an excellent team. Published by LimitedCompany.Accountants, 12 London Road, Morden, London SM4 5BQ. Reviewed 12 September 2026 against 2026/27 UK rates and current Companies House and HMRC guidance.
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QuickBooks PartnerCertified ProAdvisor100+ yearsCombined team experienceFully insuredUp to £2m indemnityStatutory accounts are the formal annual accounts filed at Companies House and HMRC in a prescribed format. Management accounts are internal, prepared monthly or quarterly in whatever format helps you make decisions, and are never filed anywhere.
Purpose, timing and format
When management accounts stop being optional
Statutory accounts are the formal annual accounts filed at Companies House and HMRC in a prescribed format. Management accounts are internal, prepared monthly or quarterly in whatever format helps you make decisions, and are never filed anywhere.
Statutory accounts look backwards and satisfy the Companies Act. They arrive months after the year end, follow FRS 105 or FRS 102 Section 1A, and are designed for the registrar, HMRC, lenders and anyone searching the register.
Management accounts look at the current position. They typically show revenue, gross margin, overheads, profit, cash and a short commentary, and can include whatever your business runs on: recurring revenue, utilisation, customer acquisition cost, stock turn or gross margin by channel.
Once you employ people, carry stock, hold debt, or are raising money, annual accounts are too slow to steer by. Lenders and investors ask for management accounts as a matter of routine, and a company that cannot produce them looks unprepared.
They also smooth the tax year. Quarterly numbers give a realistic corporation tax estimate and a dividend plan you can actually support, instead of discovering in month eleven that the profit and the cash went in different directions.
Rates, thresholds and deadlines quoted here reflect the 2026/27 UK position and current Companies House and HMRC guidance. Check GOV.UK, or ask us, before relying on them for your own company.
Local help
We work with company directors across London and Surrey from our office at 12 London Road, Morden, London SM4 5BQ. Pick your area, or send the form below and we will call you back.
Frequently asked
No. They are internal, so the format is yours. They should still be consistent month to month, or the trend is meaningless.
Not directly, but they give you the time to act. Pension contributions, capital purchases and salary decisions only work if made before the year end.
They sit in our growth packages rather than the compliance fee. Monthly or quarterly reporting is quoted on the volume of transactions and the depth of commentary you want.
Keep bank statements, sales and platform reports, purchase invoices, payroll records, VAT workings, finance agreements and Companies House correspondence. We confirm the exact list at onboarding and identify gaps before a filing deadline becomes urgent.
The fee depends on transaction volume, record quality, VAT and payroll requirements, historic catch-up and the level of reporting needed. We agree a fixed scope and price before technical work starts, with published packages available on our fees page.
Yes. We request professional clearance, collect the prior records and authorities, check the next Companies House and HMRC deadlines, and give you one clear handover list. The process is normally completed remotely.
Yes. We work through secure cloud records, scheduled reviews and digital approvals, while keeping a named team available by phone, video call and email. Clients can also visit our Morden office by appointment.
We regularly work with Xero, QuickBooks, FreeAgent, Sage and connected sales or expense apps. The right setup depends on transaction volume, integrations and the reports you need, not simply the software brand.
The relevant calendar may include annual accounts, Corporation Tax payment and return dates, confirmation statements, VAT returns, payroll submissions and Self Assessment. We map the dates from your company year end and registrations.
No. This page explains general UK rules and common accounting treatment. Your facts, contracts and wider tax position must be reviewed before you rely on a conclusion.
Included approach
Check the current rules
Deadlines, thresholds and filing rules change. GOV.UK and Companies House publish the current statutory position; advice should then be applied to your company’s circumstances.
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Pick a time that suits you and a qualified accountant will call you about your company, deadlines and fees.
Appointments run monday to friday, 9:00am to 5:30pm. Your confirmation is emailed straight away.
