Bank Statements for Annual Company Accounts: The Challenge
Preparing annual accounts for Companies House requires reconciling a full year of bank transactions. Many small companies still rely on PDF statements from their bank.
How BankScan AI Helps with Annual Company Accounts
Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
How It Works
Upload your bank statement PDF
Supports all major banks. Full financial year (12 months), aligned to the company's accounting reference date of statements? No problem.
AI extracts every transaction
Our AI pulls out dates, descriptions, amounts, and balances — the Opening and closing bank balances, total income received, ca you need.
Use for annual company accounts
Download a clean Excel or CSV file formatted for annual company accounts. Full year reconciled to the nominal ledger, with month-end balances matching bank reconciliation statements, ready for trial balance extraction
Supported Banks
BankScan AI works with all major UK and US banks, including:
Why BankScan AI for Annual Company Accounts
- Built for Annual Company Accounts — Convert your full year of bank statements to Excel for fast reconciliation, trial balance preparation, and Companies House filing.
- Key data extracted — Opening and closing bank balances, total income received, categorised expenditure, inter-company transfers, director loan account movements, dividend payments
- Deadline ready — Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Legal & Regulatory Context
Bank statements for annual company accounts are typically required under: Companies Act 2006 sections 394-397 (duty to prepare accounts) and sections 441-453 (filing requirements and penalties)
- Typical timeframe: Full financial year (12 months), aligned to the company's accounting reference date
- Required by: Companies House (for annual filing), HMRC (for Corporation Tax return CT600), and the company's directors and shareholders
What Data You Need for Annual Company Accounts
When preparing bank statements for annual company accounts, these are the key data points Companies House (for annual filing), HMRC (for Corporation Tax return CT600), and the company's directors and shareholders look for:
- Opening — Opening and closing bank balances
- total — total income received
- categorised — categorised expenditure
- inter-company — inter-company transfers
- director — director loan account movements
Formatting Your Statements for Annual Company Accounts
Getting bank statements right for annual company accounts requires attention to specific formatting requirements:
- Full year reconciled to the nominal ledger, with month-end balances matching bank reconciliation statements, ready for trial balance extraction
- Deadline pressure: Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Prepare Statements for Annual Company Accounts — Fast
Accounts must be filed within 9 months of the accounting year-end for private companies; late filing penalties start at 150 GBP and escalate to 1,500 GBP
Convert for Annual Company Accounts — Free