Company accounts refer to the financial accountants in Bromley statements prepared by a company to provide an overview of its financial performance and position during a specific period, typically a fiscal year. These statements include the income statement, balance sheet, cash flow statement, and statement of changes in equity.

The income statement shows the company's revenues, expenses, and profit or loss over the reporting period. It helps stakeholders understand the profitability of the business operations.

The balance sheet presents the company's assets, liabilities, and equity at a specific point in time. It gives a snapshot of what the company owns (assets), owes (liabilities), and its net worth (equity).

The cash flow statement details the cash inflows and outflows from operating, investing, and financing activities. It demonstrates how the company generates and uses cash during the period.

The statement of changes in equity outlines the changes in shareholders' equity during the reporting period, including contributions, distributions, and other transactions affecting equity.

Company accounts are prepared in accordance with generally accepted accounting principles (GAAP) or International Financial Reporting Standards (IFRS) to ensure consistency, comparability, and transparency in financial reporting. These statements are crucial for investors, creditors, regulators, and other stakeholders to assess the financial health and performance of the company and make informed decisions.