Company formation accounts are financial statements that are required to be prepared and filed by a newly incorporated company with the relevant authorities. These accounts provide a snapshot of the company’s financial performance for a given period, usually a year, and are used by investors, creditors, and stakeholders to assess the company’s financial health.

The details that are typically included in company formation accounts include an income statement that shows revenue and expenses, a balance sheet that shows assets, liabilities, and equity, a cash flow statement that tracks cash flow from operating, investing, and financing activities, and notes that explain significant accounting policies and other details that can affect the financial statements.

It is important to note that the requirements for company formation accounts can vary depending on the jurisdiction, the size of the company, and the industry in which it operates, we therefore recommend to pursue with our service to ensure that the accounts are prepared in compliance with the relevant regulations.