Annual Financial Statements • LIONSWORLD
Annual Financial Statements for Singapore SMEs — Accurate, ACRA-Compliant, Stress-Free
We prepare and compile your Annual Financial Statements in accordance with Singapore’s Companies Act and the Singapore Financial Reporting Standards (SFRS) — giving directors, shareholders, and banks the clear, compliant reports they need.
What’s Included in Annual Report:
- RPreparation & Compilation of Annual Financial Statements
- RStatement of Financial Position & Profit or Loss
- RStatement of Cash Flows & Changes in Equity
- RNotes to the Financial Statements
- RDirectors’ Statement / Report
- RPrepared in accordance to Singapore Financial Reporting Standards
Perfect for SMEs that need accurate, professionally compiled financial statements for compliance, stakeholders and banks.
Key Deadlines You Need to Know
Missing ACRA deadlines results in late lodgement fees and potential director prosecution.
Here are the critical dates:
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- AGM (non-listed companies): Within 9 months of the Financial Year End
- Annual Return filing (ACRA): Within 30 days after AGM via BizFile
- ECI filing (IRAS): Within 3 months of your Financial Year End
- Corporate tax return: By 30 November (paper) or 15 December (e-filing)
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Late filing penalties start from S$300 and increase the longer the delay.
Lionsworld tracks your deadlines and notifies you well in advance.
Clear, Fixed Yearly Pricing
No hidden fees. Transparent pricing.
S$750/year (excl. GST)
- ✓All core Financial Statement compilation tasks included
- ✓Responsive support by our Singapore team
- ✓Add-ons available (e.g., XBRL Preparation)
Lionsworld vs Online-Only Providers
| Criteria | Lionsworld | Online-Only |
|---|---|---|
| Expertise | ACRA-specific know-how; Singapore regulations | Portal-only communication |
| Support | Accountant reviews & guidance | Generic templated outputs |
| Packages | Tailored support as you grow | Rigid plans & upsells |
How We Prepare Your Annual Financial Statements
Document Collection
Share your trial balance, bank statements, and supporting schedules with our team.
Review & Reconciliation
Our accountants review the records, reconcile balances, and identify any adjustments required under SFRS or SFRS for Small Entities.
Compilation
We prepare the full set of financial statements and share a draft for your directors to review and approve.
Delivery
We finalise the statements ready for your AGM and Annual Return filing with ACRA if required.
Trusted by Singapore SMEs
“Lionsworld compiled our annual statements accurately and on time. Wrapped up our financial year without drama.”
Cheryl L., F&B SME Director
“Clear reports, responsive support, and fair pricing. Exactly what we needed.”
Ken T., Services SME Owner
Why Choose Lionsworld
The Lionsworld Advantage
Over 40 years of serving Singapore SMEs with proven reliability.
Stay Fully ACRA-Compliant
We track your FYE deadlines, AGM dates, and BizFile submission windows — so nothing slips. Prepared under SFRS and the Companies Act.
Improve Accuracy, Protect Credibility
Professionally compiled statements under SFRS reduce disclosure errors and give banks and investors the clarity they require to act.
Transparent S$750/yr pricing
No vague “quote on request” — our fee covers all core compilation tasks.
Add XBRL preparation only if you need it.
Expert Local Support
Your dedicated Singapore-based accountant is reachable via WhatsApp or email. No ticket queues, no offshore routing.
FAQs — Annual Financial Statements
Do all companies in Singapore need Annual Financial Statements?
Most companies are required to prepare an annual financial statement in line with the Companies Act.
Certain exemptions may apply based on company type and size.
How long does preparation typically take?
It depends on the records and their complexity.
With complete documents, compilation usually completes in days to a few weeks.
Is XBRL included?
No. XBRL is a separate electronic filing format. If you need XBRL,see our XBRL Preparation service.
What accounting standard applies to my company?
Most Singapore companies prepare statements under SFRS (Singapore Financial Reporting Standards). SMEs that meet the “small entity” criteria may use the simplified SFRS for Small Entities, which reduces disclosure requirements while maintaining compliance.
When is the deadline to file with ACRA?
For non-listed companies, the AGM must be held within 9 months of your Financial Year End. The Annual Return must be filed with ACRA within 30 days of the AGM. Late filings incur penalties starting from S$300.
What documents do I need to provide?
You will need to provide: bank statements for the full financial year, a trial balance or bookkeeping records, invoices and receipts for significant transactions, fixed asset schedules, and any existing loan or lease agreements. Our team will guide you through the checklist during onboarding.
Free Consultation — Get Your Annual Financial Statement Ready
Lionsworld ensures accuracy and compliance — without the stress.
Start Annual ReportingRelated Services
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