Accountant with UK experience

Starting a training company and required to answer this question: If you are applying to the supporting route and have not traded long enough to produce financial statements, you must provide management accounts covering a minimum period of 3 months showing you are actively trading. If your management accounts cover a period less than 12 months, you must supplement them with forecast information for the remaining period. This must total to a 12- month period. We will only accept management accounts and financial forecasts for the supporting route where financial statements are yet to be produced. If financial statements have been produced these must be submitted and meet the minimum requirements as stated in this section. For all routes, financial statements, management accounts and forecast information must be full submissions including all pages. They must include as a minimum a profit and loss account, balance sheet, detailed notes on the accounts, and a breakdown of creditors and borrowings. If you are only providing final and signed financial statements covering a 12-month period, do not provide management accounts as they will not be reviewed or taken into consideration. ‘Financial statements’ is a term used that covers limited companies, unlimited companies, limited liability partnerships, sole traders, charities and partnerships. For example, partnership accounts Let me know to discuss your approach, should be a simple project as we have minimal trading.