Annual accounts, also known as annual reports, are comprehensive financial statements of an organization typically published annually and required by law for incorporated bodies in the UK.
An Annual Return is a document that must be filed with the Registrar of Companies within seven months of the end of the relevant accounting period, containing key information about the company, its directors, and its financial status.
Expenditure on fixed assets to which a company is committed for the future. Such commitments are usually disclosed in the directors' report and notes to the accounts.
An annual report by the directors of a company to its shareholders, which forms part of the accounts required to be filed with the Registrar of Companies under the Companies Act. It includes information on the company's activities, performance, future developments, and other crucial matters.
The Operating and Financial Review (OFR) provides an overview where directors interpret financial statements and discuss the business's performance, covering both positive and negative aspects.
