Statement of Financial Position
Assets, liabilities and equity presented in a clear year-end financial position.
Annual Financial Statements • South Africa
Financial statements that help your business stand up to scrutiny.
Gloworth Consulting prepares professional annual financial statements for South African SMEs, contractors and organisations that need reliable year-end financial reporting for compliance, tenders, funders, stakeholders and decision-making.
Established 2013
More than a decade of professional service
2,000+ businesses
Served across South Africa
Government contractors
Tender and compliance-focused reporting
CIBA • SAIT
Professional memberships
Professional year-end reporting
More than a set of numbers.
Annual financial statements communicate the financial position and performance of your business to owners, lenders, tender evaluators, regulators and other stakeholders.
Statement of Profit or Loss
Revenue, expenses and profitability presented for the reporting period.
Cash Flow Information
Cash movement and liquidity information where applicable to the reporting framework.
Changes in Equity
Movements in capital, retained earnings and other equity balances.
Accounting Policies & Notes
Supporting disclosures and explanatory information relevant to the statements.
Comparative Figures
Prior-year information presented where required to support meaningful comparison.
Who needs annual financial statements?
Built for real business requirements.
Government contractors
Financial statements may be needed for tenders, grading,
funding or stakeholder requirements.
SMEs
Reliable year-end reporting helps owners understand performance
and prepare for tax and compliance obligations.
Companies and Close Corporations
Financial statements support statutory, tax and governance requirements.
NPOs, churches and organisations
Structured reporting helps stakeholders understand income,
expenditure and financial position.
Funders and lenders
Financial information is often required when assessing finance,
credit or business capacity.
Our process
From accounting records to completed financial statements.
1. Information Review
We review the trial balance, ledgers, bank information, supporting schedules and other available accounting records.
2. Year-End Adjustments
Relevant accounting adjustments and reconciliations are identified and processed where required.
3. Financial Statement Preparation
The annual financial statements are prepared using the applicable reporting basis and available information.
4. Review & Queries
Outstanding questions and supporting information are resolved before finalisation.
5. Finalisation
The completed statements are formatted and prepared for appropriate approval and use.
6. Ongoing Accounting Support
Where required, Gloworth can maintain the accounting records throughout the year to make future reporting faster and cleaner.
Government contractors
Need financial statements for a tender or compliance requirement?
Gloworth combines financial statement preparation with contractor-focused accounting, tax and compliance support.
Frequently asked questions
Annual financial statement questions.
How much do annual financial statements cost?
Gloworth's annual financial statement preparation starts from R7,000. Final fees depend on the condition and complexity of the records.
Can you prepare financial statements if my books are incomplete?
Yes. We can assess the available records and quote separately for any bookkeeping, reconstruction or cleanup work required before the financial statements can be completed.
Can the statements be used for tender applications?
Financial statements can support tender applications where financial information is requested, subject to the specific tender requirements and any required assurance level.
Do you also provide independent reviews?
Yes. Independent review services are available separately for qualifying entities where the applicable requirements call for them.
How long does preparation take?
Timing depends largely on the quality and completeness of the accounting records, the number of outstanding queries and the complexity of the business.
Ready to get started?
Get your annual financial statements professionally prepared.
Send us your accounting records and tell us your reporting deadline. We'll assess the scope and confirm the next step.