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Registered number: RS009059YORK SUPPLIES COMMUNITY SOCIETY LIMITED DIRECTOR\'S REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD 20 APRIL 2023 TO 31 DECEMBER 2023York Supplies Community Society Limited

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What is financial statements - for?

Financial statements are formal records that represent the financial activities and position of a business, organization, or individual. They provide a summary of accounting data to stakeholders.

Who is required to file financial statements - for?

Typically, corporations, limited liability companies (LLCs), and other entities that meet certain income or asset thresholds are required to file financial statements. This includes public companies, as well as private companies in many jurisdictions.

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To fill out financial statements, gather all relevant financial data, such as income, expenses, assets, and liabilities. Use a standardized format, ensuring that all figures are accurately recorded and categorized according to accounting principles.

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The purpose of financial statements is to provide an overview of a company's financial performance, helping investors, creditors, and management make informed decisions regarding operations, investments, and financing.

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Financial statements typically include income statements, balance sheets, cash flow statements, and a statement of changes in equity. Key information involves revenues, expenses, assets, liabilities, and equity.

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