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Liberty Financial Ltd


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Since I can remember, I was always interested in finding out what makes companies tick and that's why I became an accountant. As a practice accountant, I am exposed to many different companies across different industries and that's why I love what I do - it allows me to transfer knowledge between companies when their owners wish to grow their babies.

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68 hires on Bark
5 min response time

Reviews (3)

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3 customer reviews

17 August 2023


Peter and the team have been great, Positive, proactive and I highly recommend them.
They helped us process a big backlog of invoices and bills as well as updating our accounting systems to a much more efficient setup.
Thank you!

15 August 2023

We are very happy with the services provided by Liberty Financial. They have proven to be reliable, responsive, and insightful partners, offering tailored solutions that fit our needs. We feel confident that our financial matters are in capable hands, allowing us to focus on growing our business. More...

15 August 2023

I am extremely satisfied with the services provided by Liberty Financial. Their team's expertise and dedication have greatly streamlined our financial processes, from bookkeeping to tax preparation. Their solutions have significantly contributed to our financial organisation and success. Highly recommended for fellow SME owners in search of top-notch accountancy support. More...

Liberty Financial Ltd
Liberty Financial Ltd

Reply from Liberty Financial Ltd

Thank you for your kind feedback. Pleasure doing business with you.


Annual accounts refer to financial statements that businesses are required to prepare and submit each year to comply with legal and regulatory obligations. The purpose of these accounts is to provide a clear and accurate overview of the financial health and performance of the business over a specific period, usually a fiscal year.

Annual accounts typically consist of three primary financial statements:

Income Statement (Profit and Loss Statement): This statement shows the revenue generated and expenses incurred by the business during the fiscal year. It calculates the net profit or loss of the business, providing insights into its financial performance.

Balance Sheet: The balance sheet presents a snapshot of the business's financial position at a specific date, typically the end of the fiscal year. It includes assets (e.g., cash, inventory, equipment), liabilities (e.g., loans, accounts payable), and equity (owner's capital and retained earnings).

Cash Flow Statement: This statement tracks the cash inflows and outflows during the fiscal year, providing valuable information about the sources and uses of cash. It helps entrepreneurs understand how cash is being managed within the business.

In the UK, businesses are required to prepare their annual accounts in accordance with the applicable accounting standards, which are often based on the International Financial Reporting Standards (IFRS) or the UK Generally Accepted Accounting Principles (UK GAAP).

It is essential for businesses to adhere to the deadlines for filing annual accounts. Our accountants can ensure compliance with all legal and accounting requirements your business requires.