If your company balance sheet arrives and you are not sure what you are looking at, The Inspiration Space view is that the figures deserve questions, not instant panic. Start with the main terms and identify what to ask your accountant or bookkeeper.
What you’ll have at the end
A plain-English reading of your own balance sheet: what the main headings mean, which figures make sense and what you still need to ask your accountant or bookkeeper.
Who it’s for
This is for UK limited-company directors who are unsure what their balance sheet means. We are not calculating ratios or diagnosing insolvency. The job is to read the page and know what to ask.
Before you start
Open the balance sheet from your latest full accounts and keep the notes nearby. Smaller companies may file a cut-down version publicly, so use the fuller copy from your accountant where possible.
Keep going with a free account.
This Guide includes the practical working material. Create a free account to continue, or sign in if you already have one.
