Statutory Accounts and Financial Reporting

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Statutory accounts are a fundamental output of financial governance. They inform tax obligations, support funding and investment decisions, underpin regulatory compliance, and provide external stakeholders with assurance over financial performance.

We prepare statutory accounts for both audit and non-audit clients across commercial and not-for-profit sectors, ensuring compliance with applicable financial reporting frameworks and alignment with regulatory, funding, and governance requirements.

Our approach combines technical precision with consistency of application, supporting organisations operating in increasingly complex reporting environments.

Financial Reporting Frameworks We Work Across

Our specialist team provides reporting services across the principal UK and international financial reporting frameworks, ensuring the appropriate standard is applied to each entity’s circumstances:

FRS 102 – UK GAAP (principal framework)

The principal framework for UK entities, including SMEs, corporate groups, and many not-for-profit organisations. We ensure consistent application of recognition, measurement, and disclosure requirements across complex reporting areas.

FRS 105 – Micro-entity reporting

Simplified reporting for smaller businesses where appropriate, balancing compliance with reduced disclosure requirements.

Charities SORP (FRS 102-based)

Specialist reporting for charities, ensuring compliance with the Statement of Recommended Practice (SORP). This includes appropriate treatment of fund accounting, income recognition (including grants and donations), and governance-related disclosures to support transparency for trustees, regulators, and stakeholders.

IFRS reporting and conversion

Support for internationally operating groups, listed entities, or businesses transitioning to global reporting standards.

Group reporting requirements

Preparation of consolidated financial statements, including intercompany eliminations, foreign currency translation, and complex ownership structures.

Sector-Specific Requirements

We also support organisations operating in regulated environments, including FCA-regulated entities, academies, and other sector-specific reporting regimes.

We ensure that the selected reporting framework is applied consistently and appropriately disclosed in accordance with relevant standards.

Our Statutory Reporting Process

We deliver a fully managed statutory accounts process designed to alleviate the pressure on your internal finance team, while improving accuracy and consistency.

Phase	Our Technical Input
Pre-Year End Review	Early identification of key accounting issues (e.g revenue recognition, provisions and estimates, share-based payments, complex of judgement based transactions).
Statutory Accounts Preparation	Preparation of fully compliant financial statements including P&L, balance sheet, cash flow (where required), and supporting notes aligned to your reporting framework.
Disclosures	Ensuring all Director’s Reports and Strategic Reports meet the latest ESG and governance disclosure requirements.
Filing & Submission	Managing the iXBRL tagging process and ensuring timely submission to Companies House and HMRC.

More Than Compliance: Financial Clarity That Supports Decisions

While statutory accounts are a compliance requirement, they also provide a critical foundation for financial decision-making and external engagement.

We support clients in leveraging year-end reporting for:

• Tax efficiency: Ensuring reliefs, allowances, and claims (including R&D reliefs and creative industry tax credits where applicable) are correctly captured.
• Funding and banking: Preparation of reliable financial statements suitable for covenant monitoring, refinancing, and investment discussions.
• Governance and accountability: Supporting trustees, boards, and directors with transparent and decision-useful financial information.
• Dividend distribution and reserves planning: Ensuring profit extraction or reinvestment decisions are made on accurate financial data, including confirmation of distributable reserves to support compliant profit extraction for shareholders.
• Partner-Led Technical Expertise: Our statutory accounts service is led by experienced partners who remain closely involved in technical judgement and review.

This ensures:

• Senior oversight at every stage
• Consistent technical quality
• Fast resolution of complex issues
• Continuity of service year-on-year

We combine technical expertise with clear, practical advice.

Reducing Year-End Pressure and Complexity

We take ownership of the statutory reporting process so you can focus on running the business or organisation.

Clients benefit from:

• Fewer year-end surprises
• Reduced internal workload
• Faster filing turnaround
• Improved consistency and accuracy
• Greater confidence in reported results

Speak to a Statutory Accounts Specialist

If you are looking to improve the accuracy, efficiency, or reliability of your statutory reporting, our team can help.  Speak to our specialists to discuss your organisation, reporting requirements, and year-end process.