Sikatrix Business Accountants
Service

Annual Financial Statements

We prepare fully compliant Annual Financial Statements for sole proprietors, close corporations, and private companies — ensuring you meet statutory deadlines and lender requirements.

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What you get with our Financial Statements service

After your first engagement, you'll have a fully compliant, signed set of financial statements — ready for your bank, your funders, or your CIPC filing — delivered within 15 business days of receiving complete records.

Who this service is for

  • Private companies (Pty Ltd, NPC, CC) with CIPC annual filing obligations
  • Businesses applying for a bank loan, overdraft, or external funding
  • Companies with shareholders or a board requiring formal financial reporting
  • Any entity that must prove financial compliance to a regulatory body or funder

Probably not for you if…

  • ·Sole proprietors who only need a simple cash book or management summary
  • ·Dormant companies with no trading activity in the year
Black South African accountant preparing annual financial statements at his desk
  • IFRS for SMEs compliant statements prepared accurately
  • Meet statutory filing deadlines with CIPC
  • Support for bank loan applications and investor due diligence
  • Signed by a SAIPA Professional Accountant (SA)
  • Management commentary included
  • Comparative figures and notes included

Get Started with Financial Statements

Book a free 30-minute consultation and we'll explain exactly how this service applies to your business.

Common questions about Financial Statements

Who is required to prepare Annual Financial Statements?

All registered companies (Pty Ltd, CC) in South Africa must prepare AFS annually in accordance with the Companies Act. Sole proprietors with significant turnover also benefit from formal statements.

How long does it take to prepare AFS?

For a well-organised set of books, typically 10–15 business days. We work with you to resolve outstanding queries as quickly as possible.

Do I need an audit or just a compilation?

Most SMEs require only a compilation engagement. An audit or review is required if your company meets the Public Interest Score (PIS) threshold of 350+. We'll assess this during your consultation.

Talk to a SAIPA-registered accountant today

Book a free 30-minute consultation. No obligation — just straight answers about your compliance and tax position.