What accounts should a ltd compnay submit for its first AGM?
I would have thought - 12 month annual accounts, a profit and loss account and balance sheet. Perhaps also a 12 month cash flow forcast for the upcoming year? Any idea whether there is anything that should be added to this?
Other - Business & Finance - 1 Answers
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Answer 1 :
You should be guided by your country's Companies Act or equivalent. The 1st set of accounts is rarely for 12 months, unless you were incorporated on Jan 1 and your year-end is Dec 31. Your 1st set of accounts should be from the date of incorporation to the fiscal year-end. A set of accounts usually consists of a balance sheet, an income statement, a cash flow statement, a statement of changes in equity, and accompanying notes to the accounts. Forecasts and budgets are not usually needed at AGMs as they are internal documents.
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