Annual Accounts
Our accountancy experts in Marbella will explain to you briefly what are the financial estates, also known as annual accounts, to make your company’s accountancy easier.
What are the annual accounts?
The annual accounts form is a form fulfiled yearly to the Spanish Business Register which helps to show the estate of your company.
The annual accounts offer a complete wealth, financial and accountant vision to offer transparency to whoever is interested in our company situation.
What does include?
Annual accounts include:
Balance sheet
Profit & Loss account
Environmental Status
Financial estate “Memory”
Cash-flow changes
Wealth changes
Who is obligated to fulfil the annual accounts?
Limited Corporations (S.L.)
Anonymous Corporations (S.A.)
Pension funds
Limited partnerships
Which data is included?
Inside the annual accounts, there are numerous data of interest about the company.
This data includes:
Identification data
Such as the company fiscal identification, its juridical form, name, address, etc.
Activity
Such as its main activity, its classification on the national economical activities, employees (distinguishing between permanent and temporary employees, and between sex, and also comparing both current and previous year to show if there have been any changes).
Beneficial owner identity
The 1st time the annual accounts are fulfilled, there is an obligation of informing the beneficial owner of the company. In case there is another company behind the company, it will be necessary to inform about the beneficial owner behind. It also would be necessary to inform if there has been any beneficial owner modification during the year.
Covid-19 declaration
Following the Covid-19 pandemic, there is also the possibility of informing if the company has been through an ERTE situation or if the company has received any rental moratorium.
“Memory”
It is a document to detail the information in the annual accounts.
Cash-flow changes
Information about the cash-flow movements during the year. It only has to be presented by companies either with an active over 4 million, the volume of business over 8.000.000 or if it has over 50 employees.
Digital footprint:
Document electronically generated, with a unique bar code, and signed by the administrator of the company.
From the lawyers' office in Marbella Mercury Abogados, our accountancy expert team could help you with the fulfilling and issuing of the annual accounts, among every other tax you would need help with.
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