Company's annual accounts - called statutory accounts - are prepared from the company's financial records at the end of your company's financial year. These need to be sent to shareholders, people who can go to the company's general meetings, Companies House, HM Revenue and Customs (HMRC) as part of your Company Tax Return. Each company has to file annual accounts with companies house within 9 months after the financial year ends. This rule does not apply to newly incorporated companies. Companies have to file Company Tax return within 12 months after the end of accounting period.

Micro entities i.e. very small companies (those companies which have a turnover of less than £1.00 million or balance sheet of less than £500,000 or less than 10 employees) can prepare simpler accounts to meet the statutory requirements and they need to submit only the balance sheet to the companies house.

Each company has to file a confirmation statement at least once every year. This confirms that the information about the company is up to date. Confirmation statement has to be file even if there has been no change to the company during the review period. Companies must file at least one confirmation statement every 12 months. The 12 month review period starts on either the date the company is incorporated or the date it filed last confirmation.