# Companies Act 2006, Section 394: Duty to prepare individual accounts

Extent: E+W+S+N.I.

The directors of every company must prepare accounts for the company for each of its financial years unless the company is exempt from that requirement under section 394A.
Those accounts are referred to as the company's “individual accounts”.

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Source: https://www.legislation.gov.uk/ukpga/2006/46/section/394 (the official version)
Page: https://openlegislation.uk/companies-act-2006/section-394
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.