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What’s the difference between a Confirmation Statement and an Annual Account?

Undoubtedly one of the most common queries that we get here at Company Formation MadeSimple is about what the difference between two very important filing obligations are for a limited company. These are Confirmation Statements and Annual Accounts.

Both are very significant documents that you are required by law to file, so it’s very important that you know exactly what the difference is between the two. This blog will tell you all you need to know about both documents and, significantly, the differences between the two.

Here at Companies MadeSimple we understand the importance of supporting your business at its early stages. For more information on what we can do for your business see here

What is a Confirmation Statement?

What is an Annual Account

The key differences

So whilst both of these documents are often confused, ultimately both are very different. For example a confirmation statement is a screenshot of your company whilst annual accounts look more at how your company has been performing.

Think of the Confirmation Statement as something that looks at the surface of your company, whilst accounts are purely financial. Both compliment each other in the sense that bodies (such as HMRC and Companies House) want to know firstly who are your company’s directors and how the company has performed over the stated period of time.

We hope that this has cleared up any confusion that you may have had regarding this. If you are interested, we can help you file your Confirmation Statement – see here for more information.

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