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Neutral Citation No: [2021] NIF am 31 Judgment: approved by the Court for handing down (subject to editorial corrections)*Ref:OHA11581ICOS No:14/077343/05Delivered:03/08/2021IN THE HIGH COURT OF JUSTICE
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Gather all necessary financial documents including income statements, balance sheets, and cash flow statements.
02
Compile detailed information on revenue, expenses, assets, and liabilities for the reporting period.
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Ensure all financial data is accurate and up to date.
04
Prepare a narrative report discussing the company's financial performance and any significant events that occurred during the reporting period.
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Review and finalize the report with the help of a certified accountant or financial advisor.
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File the completed annual report with the appropriate government agency within the specified deadline.

Who needs annual report and accounts?

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Companies and corporations required by law to report their financial performance to stakeholders, investors, and regulatory authorities.
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Investors and shareholders who rely on annual reports to make informed decisions about their investments.
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Creditors and lenders who evaluate a company's financial health before extending credit or loans.
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Government agencies and regulatory bodies that use annual reports to monitor compliance with financial regulations.
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Annual report and accounts are financial documents that provide information about a company's financial performance and activities over the past year.
All companies registered with the authorities are required to file annual report and accounts.
Annual report and accounts can be filled out by gathering financial information and following the guidelines provided by the authorities.
The purpose of annual report and accounts is to provide transparency to stakeholders about the financial health and performance of the company.
Information such as financial statements, balance sheet, income statement, cash flow statement, and notes to financial statements must be included in annual report and accounts.
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