Accounting Principles and Procedures (1)

Question 1

What reports must companies submit to Companies House?

Answer 1

Companies must submit various reports, including annual accounts and confirmation statements.

Question 2

What is in a Companies House annual confirmation statement?

Answer 2

A Companies House annual confirmation statement includes details about the company’s directors, shareholders, and registered office address.

Question 3

What financial reports do companies submit to Companies House?

Answer 3

Companies submit annual accounts and reports detailing their financial performance.

Question 4

What is the UK GAAP?

Answer 4

UK GAAP stands for United Kingdom Generally Accepted Accounting Practice, which is a set of accounting standards.

Question 5

What international standard does UK GAAP relate to?

Answer 5

UK GAAP relates to International Financial Reporting Standards (IFRS).