How much Statutory Accounts Important for Limited Companies in London?

For limited companies in London or any part of the country, statutory accounts are one of the most important aspects of business operations and showing shareholders how the business is progressing and what is its financial standing and keeping records updated with the Companies House. They are also referred to as annual accounts and are legally essential to be maintained and to prepare financial reports to measure the progress and to find the opportunities to make progress in the future and to have a check on how competitors are doing.