The balance sheet tells us the financial position of a business as at the date it was drawn up. Below is the balance sheet example that complies with the FRS102 format.
Successful Business Limited
|Balance Sheet as at 31 December 2021||Note|
|2021 (£)||2020 (£)|
|Cash at bank and in hand||1,871,765||1,836,009|
|Net current assets||6,396,023||3,376,238|
|Total assets less current liabilities||6,413,702||3,396,183|
|Long term loan||(10,000)||(10,000)|
|Capital and reserves|
|Call up share capital||1,000||1,000|
Overview Successful Business Balance Sheet position
Successful Business Limited balance sheet example tells us, the company is healthy and strong. Its cash at the bank and in hand can cover its short term creditors in both accounting years.
Compulsory filings with the UK authorities
You must deliver your company accounts, confirmation statement to Companies House when they are due. In addition, you must also deliver your company accounts which include your balance sheet together with your corporation tax return to HM Revenue and Customs.
You will receive a late filing penalty if your company accounts are filed late.
If you require help with your company accounts and confirmation statement preparation and filing, feel free to contact our accountants they would be more than happy to assist you.