Regulatory reporting software your practice runs from trial balance to Companies House.
Let AI Agent run your statutory reporting
Build statements
"Build the primary financial statements for this client's statutory accounts in Xero from the trial balance at year end. Prepare the P&L, balance sheet, equity statement and cash flow statement per the relevant FRS standard. Tie every line to the underlying nominal accounts and carry the comparatives from last year's filed accounts. Apply the client's accounting policies on file. If a prior-year balance has been restated or a new line has appeared this year, ask me whether to follow practice policy or refer to the senior. Pause before locking the primary statements. Ask me where the practice keeps the client's accounting policies. Save the primary statements to Google Drive ready for senior review."
Draft notes
"Draft the disclosure notes to the statutory accounts for this client in QuickBooks. Cover the required FRS 102 notes: accounting policies, judgements and estimates, going concern, related-party transactions, employee numbers and costs, directors remuneration, taxation, dividends and post-balance-sheet events. For each note, pull the supporting data from the ledger and the client's records. If a note requires a narrative decision the practice has not seen before, ask me whether to draft a standard form or to refer to the senior. Pause before locking any note. Save the drafted notes alongside the supporting evidence to Google Drive ready for senior review and the practice's notes review checklist sign-off."
Apply FRS standards
"Apply the right FRS standard for this client's statutory accounts in Sage 50 based on the year-end size criteria. For micro-entities apply FRS 105 with the simpler disclosure set. For small companies apply FRS 102 Section 1A with the small-company disclosure regime. For everyone else apply full FRS 102. Where the client moves between size bands, prepare the transition: restate the comparatives under the new standard, prepare the transition note and pause for senior sign-off before publishing. If the FRS choice is unclear at the boundary, ask me before applying. Save the FRS application working paper and the transition working paper to Google Drive."
File at Companies House
"File this client's statutory accounts at Companies House from FreeAgent through the practice's Companies House software credentials. Prepare the filed version per the size of the client: full accounts, abridged accounts where the small company has elected to abridge, or micro-entity accounts for FRS 105 clients. Capture the Companies House receipt reference and update the client's filing record. If Companies House returns a validation error, read the error, identify the issue and prepare the correction for senior review. Pause before resubmitting. Ask me where the practice files the Companies House receipt evidence. Save a note for the practice manager listing submission status, receipt reference and the next filing deadline."
Statutory accounts run by AI Agents
FRS 102 / FRS 105 mapping, statutory notes, related-party disclosures and iXBRL tagging stop landing on senior time per client. The AI Agents repeat the stat motion across the book, which delivers up to 80% lower cost to serve per stat client, with partner review reserved for judgement.
Statutory templates that learn each client's accounting policy
Statutory accounts are mostly policy continuity. Minded carries each client's accounting policies, judgements, related-party register and disclosure language from year to year. The next year's accounts start from the prior file. Tie this to year-end close with AI so close output feeds the statutory accounts directly.
One stat-rep flow across Xero, QuickBooks, Sage 50 and FreeAgent
A real practice prepares statutory accounts for clients on Xero, QuickBooks, Sage 50 and FreeAgent at the same time. The same statement, note, FRS application and Companies House filing motion runs in every ledger. See CT600 with AI and audit preparation with AI for adjacent year-end work.
How is this different from IRIS Accounts Production or Sage Final Accounts?
IRIS Accounts Production and Sage Final Accounts expect typed inputs and policy choices from the senior. Minded works from the trial balance directly: applies the FRS standard, drafts the statements, drafts the notes and the directors report, and prepares the Companies House submission with the senior reviewing exceptions.
How does the agent apply FRS 102 versus FRS 105?
The agent picks the standard from the client's size criteria: FRS 105 for micro-entities, FRS 102 Section 1A for small companies and full FRS 102 for everyone else. Where a client moves between size bands, the agent flags the transition and prepares the comparative restatement under the new standard.
How is the directors report drafted and reviewed?
The directors report is drafted from the year's events: principal activities, material events, dividends, directors' interests, employee involvement and any required disclosures. The agent pulls supporting evidence from the client mailbox and the board minutes, drafts the narrative and pauses for senior sign-off before filing.
What about filing at Companies House and abridged accounts?
The agent prepares the filed version per the size of the client: full accounts for medium and large companies, abridged accounts for small companies that elect to abridge, and the simpler micro-entity accounts for FRS 105 clients. The filing is submitted through the practice's Companies House software credentials.
How does the agent handle prior-year restatements and adjustments?
Where a prior-year error is identified or a policy change requires restatement, the agent prepares the restated comparatives, the supporting note and the trail of changes. Material restatements pause for senior review and partner sign-off before the statutory accounts go to the directors for approval.