• UK Statutory Financial Statements

    A focus on financial reporting with deep understanding of complex accounting standards

UK Statutory Financial Reporting

Expert support to meet your needs

BDO has invested in the latest tools to help clients prepare financial statements, whether they choose to report under UK GAAP or International Financial Standards.  We have local teams who can work closely with clients to assist with the production of statutory financial statements.

We have also developed UK financial reporting centres of excellence where we have dedicated teams who produce statutory financial statements for both our own audit and accounts clients, as well as supporting clients audited by other firms where for example, auditors are conflicted due to independence rules. 

Our dedicated team is focused on ensuring you meet your financial reporting requirements with the following services:

Financial statement preparation

Delivery of statutory financial statements prepared in accordance with current UK GAAP, FRS 102, FRS 101 or IFRSs (as endorsed by the EU) for single entities or consolidated groups.

  • Abridged and FRSSE accounts
  • LLPs, Partnership accounts and sole traders
  • Trusts and other accounting structures
  • Charity accounts and other SORPS
  • Academy accounts
  • Pro forma accounts to assist with management reporting

Migration and translation

Ensuring accurate migration or translation between the following GAAPs:

  • UK GAAP, FRS 101, FRS 102, IFRS, US GAAP.

Consolidation

Preparation of the consolidated results of your business from subsidiary company information to support preparation of statutory financial statements.

Audit liaison

A tailored approach for your needs, from simply answering queries relating directly to our statutory financial statement preparation work, to being an integral part of your relationship with your auditors.

iXBRL

Converting your statutory financial statements into InLine eXtensible Business Reporting Language (iXBRL) format for submission to HMRC in close collaboration with our iXBRL team.