Financial statements translate your bookkeeping into the formal balance sheet, income statement, cash flow statement and notes required for statutory filing, bank facilities, investor reporting or as the input to your external audit. We prepare financials under IFRS (or IFRS for SMEs where applicable), reconciled to your underlying books, ready to hand to auditors, banks or shareholders without rework.

The preparation of formal financial statements — balance sheet, profit & loss, cash flow statement and notes — compiled from a business's accounting records under IFRS.

Who needs it?
Companies preparing for an external audit, businesses applying for bank financing, groups needing statements for shareholder or investor reporting, and any entity above thresholds requiring formal statutory financials.

- IFRS-compliant statements accepted by auditors, banks and investors

- Fully reconciled to underlying bookkeeping, avoiding audit rework

- Faster audit sign-off when financials arrive properly prepared

- Clear, professional reporting package for shareholder and stakeholder use

1. Reconcile and finalize the underlying trial balance for the period

2. Prepare balance sheet, income statement and cash flow statement

3. Draft supporting notes and disclosures required under IFRS

4. Review for consistency and deliver the completed financial statements

Cost Factor ~ Based on entity complexity, number of notes/disclosures required, whether consolidation across entities is needed, and turnaround urgency.

Timeline ~ Standard annual financial statements typically take 1–3 weeks once the trial balance is finalized; quarterly management-only statements can be turned around faster.

1. Do UAE companies have to prepare financial statements under IFRS?
Many UAE entities are required or expected to prepare financials under IFRS, particularly for statutory audit, Corporate Tax purposes above certain thresholds, and free zone compliance. We confirm your specific requirement based on entity type, licence and revenue.

2. Can you prepare financial statements from books we keep ourselves?
Yes — we can prepare financial statements from your existing bookkeeping records, whether maintained in-house or by another provider, after a reconciliation review to confirm the underlying figures are sound. Any gaps found are flagged before the statements are finalized.

3. How long does it take to prepare annual financial statements?
Once your books are fully closed and reconciled, preparing the statements typically takes 1–3 weeks depending on complexity; the biggest variable is usually how quickly the underlying trial balance can be finalized. Businesses on monthly bookkeeping with us move through this step fastest since the books are already current.