Filing my first set of accounts

[Deleted User]

Hi

Last year I started my own company selling cakes and biscuits. The initial plan was to take it very seriously but soon after I got a job and it was put to the side. 

In total, I probably made about £300 or so. I want to keep the company around etc. so plan on doing the accounts instead of filing dormancy or closing the account. 

1. Can I draw up my own accounts? 
2. Do I need the receipts? I have the transactions on my business account but no the physical receipts.
3. Is there a guide or link someone can send to me showing the step by steps?

martindow

How are you set up - a limited company, sole trader, partnership?  This needs to be known to give you advice.

[Deleted User]

martindow said:

How are you set up - a limited company, sole trader, partnership?  This needs to be known to give you advice.

Limited Company 

Jeremy535897

See https://www.simplybusiness.co.uk/knowledge/articles/2021/06/how-to-file-company-accounts/

directdebiter

Yes you can file your own accounts and it sounds like your business is very micro so straightforward in terms of transactions I imagine - you just need to have a spreadsheet first or bank statements of all the transactions and an understanding of the terms on a balance sheet and to make sure that this balances correctly.