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14th WH O OWNED SUB S C TO. An ID D LT L LY K EACH NG E ANNUAL REPORT AND ACCOUNTS 2013 2014 RY OF U. P. S (WHOLLY OWNED SUBSIDIARY OF U. P. STOCK EXCHANGE LTD.) Fourteenth Annual Report USE Securities
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01
Gather all necessary financial documents and records, such as profit and loss statements, balance sheets, cash flow statements, and any relevant invoices or receipts.
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Prepare supporting schedules or notes to explain any significant transactions or balances in the financial statements.
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Who needs annual report and accounts:
01
Companies: Annual reports and accounts are typically required by law for companies to provide shareholders, investors, and other stakeholders with an overview of the company's financial performance and position.
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Non-profit organizations: Non-profits often have a legal obligation to produce annual reports and accounts to demonstrate their transparency and accountability in managing funds and resources.
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Government agencies: Government agencies may require annual reports and accounts from businesses operating within their jurisdiction to monitor compliance with regulations and tax obligations.
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Banks and lenders: Financial institutions may request annual reports and accounts from borrowers to assess their creditworthiness and determine the viability of extending loans or credit facilities.
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Potential investors: Individuals or institutions considering investing in a business may request annual reports and accounts to evaluate the financial health and potential return on investment.
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Auditors and tax authorities: External auditors and tax authorities may require annual reports and accounts to verify the accuracy of financial information and ensure compliance with tax laws and regulations.
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