Statutory Accounts are the financial reports that UK companies must prepare and file with Companies House and HM Revenue and Customs (HMRC) every year. They provide a summary of the company's financial performance and position, and include the balance sheet, the income statement, the statement of changes in equity, and the notes to the accounts.

Statutory Accounts are different from management accounts, which are internal reports that help the company's directors and managers to monitor and control the business operations. Management accounts are not required by law and can be prepared in any format and frequency that suits the company's needs.

Statutory Accounts must comply with the UK Generally Accepted Accounting Practice (UK GAAP) or International Financial Reporting Standards (IFRS), depending on the size and nature of the company. They must also follow the Companies Act 2006, which sets out the legal requirements for preparing and filing Statutory Accounts.

The main purpose of Statutory Accounts is to provide information to the shareholders, creditors, regulators, and other stakeholders of the company. They also help the company to calculate its corporation tax liability and pay the correct amount of tax to HMRC.

Statutory Accounts must be filed with Companies House within nine months of the company's accounting reference date (ARD), which is usually the last day of its financial year. They must also be sent to HMRC along with the company tax return within 12 months of the ARD. Failure to file Statutory Accounts on time can result in penalties and fines for the company and its directors.