Quick Answer
No. Unlike a limited company you do not file accounts at Companies House and there is no public record of your figures. Your only legal obligation is to…
No. Unlike a limited company you do not file accounts at Companies House and there is no public record of your figures. Your only legal obligation is to report the right numbers on your Self Assessment return and keep records to support them for at least five years after the filing deadline.
That said, most sole traders benefit from proper accounts anyway — for mortgage applications, for planning, and because it is much harder to spot a problem in a list of bank transactions.
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